427 North 2nd Street

Allentown, PA 18102

$300,000
Price
6
Beds
2
Baths
1
1/2 Bath
4,406 Sq. Ft.
$68 / Sq. Ft.
4,406
Sq. Ft.
$68
per Sq. Ft.

Description

5 unit with potential $4350/month in income. 3 units currently rented. Total of 4406 sq ft building with great return. Tenants pays their own utilities. Commercial store front is 1,800 sq ft. Large glass windows. Store includes bathroom, storage area and basement. Plenty of natural light. Large 2 bedroom 1 bath apartment. Semi detached house with 4 bedrooms 1.5 bathroom, huge kitchen and a private backyard is rented to a long term tenant. Garage bay with auto detail shop. Another car 2 garage for...5 unit with potential $4350/month in income. 3 units currently rented. Total of 4406 sq ft building with great return. Tenants pays their own utilities. Commercial store front is 1,800 sq ft. Large glass windows. Store includes bathroom, storage area and basement. Plenty of natural light. Large 2 bedroom 1 bath apartment. Semi detached house with 4 bedrooms 1.5 bathroom, huge kitchen and a private backyard is rented to a long term tenant. Garage bay with auto detail shop. Another car 2 garage for storage with storage above . Taxes are only $5,962.77. Tenants pay utilities. Come check this great money maker out.
  1. Listed by Michael C. Dickinson • Miklas Realty

Property Details for 427 North 2nd Street

Area
Allentown-Central
Sub division
Not in Development
LISTING UPDATED: 11/07/2024 05:43 PM

Property Details for 427 North 2nd Street

StatusAvailable
MLS #738410
Days on Market181
Taxes$6,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Both Halves
Year Built1924
Lot Size0.06 AC / 2,483 SF
CountyLehigh County

Building Information for 427 North 2nd Street

Stories1Residences5Year Built1924Building Size-Lot Size0.06 AC / 2,483 SF

Property Information for 427 North 2nd Street

Summary
Location and General Information
  • Directions: American Pkwy to East on Gordon. Left on N 2nd St. Property on right.
  • School District: Allentown
Parking
  • Garage: Attached
  • ParkingSpaces: 3
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $758.27
  • Lawn Snow Removal: $0
  • Maintenance Repair: $2,000
  • Management: 1000
  • Municipal Taxes: $1,274.93
  • School Taxes: $4,542.23
  • Total Taxes: $6,575.43
Property
Lot Information
  • Acres: 0.057
  • APN: 640734501047 1
  • Lot Size Source: Tax Records
  • Zoning Code: R-MH
Property and Assessments
  • County Assessment: $200,600.00
  • Property SubType Category: Both Halves, Commercial, Mixed Use
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 0
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 0
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Electric
Multi Family
Multi-Family Information
  • Gross Income: $52,200.00
  • Insurance: $4,000
  • Net Income: $35,200.00
  • Operating Expense: $13,000
  • Other Expenses: $0
  • Trash Removal: 600
  • Total Unit Count: 5
  • Total Units: 5

Property History for 427 North 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 427 North 2nd Street

Taxable ValueLand$20,000Additions$180,600Total$200,600
Tax Record2024$6,575 ($548 / month)
Home Facts
Baths4Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories2Lot Size5,000 SqFtStyleOffice BuildingYear Built1948ZoningR-MHCountyLEHIGHAPN640734501047-1

Schools near 427 North 2nd Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan El School
Public1 to 5

Harrison-Morton Middle School
Public6 to 8

Louis E Dieruff High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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427 North 2nd Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on May 20, 2024 by Miklas Realty, it's currently listed at $300,000. It has been on the market for a total of 181 days and was last sold on May 28, 2021. This listing's school district is Allentown City School District. Nearby schools include Sheridan El School, Harrison-Morton Middle School and Louis E Dieruff High School. 427 North 2nd Street is a 6-bed, 2.5-bath, 4,406 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miklas Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.