322 Ridge

Allentown City, PA 18102
$414,000
For sale: three-unit investment property located in Allentown, PA. The second and third floors are currently occupied by long-term tenants, and there are approved plans to create a third three-bedroom apartment in the retail space. This property is situated in a vibrant residential area on Ridge Avenue, just three blocksRead MoreRead Less
Courtesy of Keller Williams Allentown 610-435-1800
Listing Snapshot
Days Online
3
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1863
MLS Number
779935
30 Days Snapshot Of 18102
$242k
+6%
(avg) sold price
20
-16%
homes sold
81
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1863, 3 stories, 3 stories total, 3 total units, Brick
Cooling
WallWindowUnits
Expenses
Electric expense: $350, Insurance expense: $4,000, Maintenance tenance expense: $1,000, Operating expense: $17,570, Professional management expense: 4620, Water sewer expense: $1,600
Water Features
Water source: Public
Heating
Gas
Income
Gross income: $57,000, Net operating income: $40,180
Lot
0.115 size acres, 5,009 size sqft, Size area: 5009, Size units: SquareFeet
Parking
Detached, Garage, OnStreet
Property
Property subtype additional: Apartment, Commercial, Property subtype: Apartment, Property type: ResidentialIncome, Zoning: R-Mh
Sewer
PublicSewer
Taxes
Tax annual amount: $6,002, Tax assessed value: 180500
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Eric Leadbetter
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