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220 N 6th Street, Allentown, PA 18102 (MLS# PM-83633)

220 N 6th Street, Allentown, PA 18102

$1,300,000
Property Type: Residential Income Square Footage: 10,435 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $1,300,000 List Date: 12/08/2020 Last Modified: 3/03/2025

Overview

Description

Add this turnkey, 10-unit building in bustling Center City Allentown to your portfolio today! Tenants experience the historic charm of N 6th Lofts with 12-14 foot high ceilings, large bay-sized windows, an abundance of natural light, spacious layouts, and a private outdoor terrace. This property has been completely renovated and units boast brand new appliances/fixtures. The building consists of 4 1-bed apartments, 2 2-bed apartments, and 4 3-bed apartments. Potential for storage or laundry facilities in the basement. Tenants pay electric, heat, and hot water. Landlord pays common electric, water, sewer and trash.

Listing Details MLS# PM-83633

General Property Information

Building Area Total
10435
Building Area Source
Public Records
Stories
4
Number Of Buildings
Yes
Year Built
1920
Basement YN
Yes
Garage YN
Yes
Parking Total
5
Lot Size Acres
0.12
Lot Size Dimensions
47 X 115.3
List Price/SqFt
129.37
Sold Price/SqFt
124.58

Property Features

Listing Terms: Cash; Conventional Tenant Pays: Electricity Disclosures: Right of First Refusal Possession: Negotiable Construction Materials: Brick Roof: Flat Cooling: Separate Meters; None Heating: Baseboard; Electric Water Heater: Electric Appliances: Water Heater Security Features: Smoke Detector(s) Water Source: Public Sewer: Public Sewer Parking Features: Paved Lot Features: Historic District Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2020-12-08
Listing Service
Full Service

Location Tax and Legal

County
Lehigh
Street Number
220
Street Direction Prefix
N
Street Name
6th
Street Suffix
Street
City (Post Office)
Allentown
State
PA
Postal Code
18102

Remarks and Miscellaneous

Public Historical Remarks
Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code R-Mh, Miscellaneous: Cert of Occ Req'd Yes
Public Remarks
Add this turnkey, 10-unit building in bustling Center City Allentown to your portfolio today! Tenants experience the historic charm of N 6th Lofts with 12-14 foot high ceilings, large bay-sized windows, an abundance of natural light, spacious layouts, and a private outdoor terrace. This property has been completely renovated and units boast brand new appliances/fixtures. The building consists of 4 1-bed apartments, 2 2-bed apartments, and 4 3-bed apartments. Potential for storage or laundry facilities in the basement. Tenants pay electric, heat, and hot water. Landlord pays common electric, water, sewer and trash.

Status Change Information

Purchase Contract Date
2020-12-31
Close Date
2021-03-12
Close Price
1300000

More Information

Income and Expenses

Gross Income
127800
Net Operating Income
102050
Operating Expense
25750
Insurance Expense
3000
New Taxes Expense
13560
Electric Expense
360
Trash Expense
3429

Unit 1

Occupied YN
Y
Actual Rent
1250
SqFt Total
1200

Unit 2

Occupied YN
N
Actual Rent
850
SqFt Total
800

Unit 3

Occupied YN
Y
Actual Rent
1250
SqFt Total
1200

Unit 4

Occupied YN
Y
Actual Rent
1050
SqFt Total
1000

Unit 5

Occupied YN
N
Actual Rent
850
SqFt Total
800

Unit 6

Occupied YN
Y
Actual Rent
1250
SqFt Total
1200

Unit 7

Occupied YN
Y
Actual Rent
1050
SqFt Total
1000

Unit 8

Occupied YN
N
Actual Rent
850
SqFt Total
800

Unit 9

Occupied YN
Y
Actual Rent
850
SqFt Total
800

Unit Details

1 Bedroom
4
2 Bedroom
2
3 Bedroom
4

Location, Tax, and Legal

Parcel Number
640711081186 001
Municipality
Allentown City
High School District
Allentown City
Cnty&Muni Taxes (Legacy)
4618.51
School Tax Amount
8942.47
Tax Annual Amount
13560.9
Tax Assessed Value
421900
Tax Book Number
2017031419
Zoning Description
Residential

Currently Not Used

Number Of Units Total
10

Listing Terms

Cash
Yes
Conventional
Yes

Tenant Pays

Electricity
Yes

Disclosures

Right of First Refusal
Yes

Possession

Negotiable
Yes

Construction Materials

Brick
Yes

Roof

Flat
Yes

Cooling

Separate Meters
Yes
None
Yes

Heating

Baseboard
Yes
Electric
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Paved
Yes

Lot Features

Historic District
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Steel City Realty LLC
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.