Allentown, PA 18103,1510 CORONADO ST
Allentown, PA 18103,1510 CORONADO ST
Allentown, PA 18103,1510 CORONADO ST
Allentown, PA 18103,1510 CORONADO ST
Allentown, PA 18103,1510 CORONADO ST
Allentown, PA 18103,1510 CORONADO ST
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$640,000

$650,000

1.5%
Est.Price: ?

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Est. payment /mo

3,184 SqFt


SOLD DATE : 09/09/2024

Key Details

Sold Price $640,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,184 sqft

Price per Sqft $201

Subdivision Lehigh Parkway

MLS Listing ID PALH2008738

Sold Date 09/09/24

Style Converted Dwelling

Abv Grd Liv Area 3,184

Originating Board BRIGHT

Year Built 1944

Annual Tax Amount $7,132

Tax Year 2022

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 66.51 x 121.33

Property Description

Here is your chance to own an exceptional and consistently cash-flowing 4-unit property in a quiet neighborhood near Lehigh Parkway. Each unit has been updated over the past few years and is ready for the next investor. The property includes one 4-bed 2-bath single family; two 2-bed, 1-bath apts; and one 1-bed, 1-bath apt in the main building. Income and expenses have been tracked, eliminating any guesswork.

Each unit has been recently updated, NOI is legit 8.73%, and is fully leased. Tenants are responsible for heat (hydronic baseboard), electricity, snow removal, & sanitation/trash. Owner takes care of water/sewer, common electricity, & yard maintenance. (Do not walk the property without an agent.)

This property features three off-street parking spots, new roofs installed in 2010 (main roof) and 2024 (lower shared roof), and new windows 2020. Additionally, it includes two coin-operated laundry rooms that provide extra income. There's potential to further increase revenue by renting out the sectioned-off storage space in the basement. Hardwired IR security cameras offer off-site monitoring, though they have only been used to track misdelivered packages.

The property is within walking distance to Lehigh Parkway Elementary School and Lehigh Parkway Park (southern part of Allentown near Emmaus), and is conveniently close to I-78, making commuting easy for tenants. Photos of each unit were taken before the current tenants moved in. This fully occupied 4-unit property is ready to start generating cash flow for you. (Do not walk the property without an agent.)

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning R-M

Interior

Hot Water Electric, Natural Gas

Heating Baseboard - Electric, Energy Star Heating System, Zoned

Cooling Ceiling Fan(s), Wall Unit

Flooring Luxury Vinyl Plank, Carpet, Ceramic Tile

Fireplaces Number 1

Fireplace Y

Heat Source Electric

Exterior

Garage Spaces 3.0

Water Access N

Roof Type Shingle

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 3

Garage N

Building

Lot Description Corner, Front Yard, Landscaping, SideYard(s)

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Allentown

Others

Tax ID 549671671004-00001

Ownership Fee Simple

SqFt Source Estimated

Security Features 24 hour security

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

Financing Cash,Conventional,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Aaron Powell • Keller Williams Real Estate-Montgomeryville
Bought with Christopher J Topping • RE/MAX Real Estate-Allentown
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