702 Saint John Street, Allentown, PA 18103
$640,000
Property Type:
Residential Income
Square Footage:
7,524
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$640,000
List Date:
4/30/2021
Last Modified:
3/03/2025
Overview
Description
Listing Details MLS# PM-85054
General Property Information
- Building Area Total
- 7524
- Building Area Source
- Public Records
- Stories
- 3
- Number Of Buildings
- Yes
- Year Built
- 1928
- Basement YN
- Yes
- Lot Size Acres
- 0.08
- List Price/SqFt
- 87.72
- Sold Price/SqFt
- 85.06
- Parking Total
- 0
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Construction Materials:
Brick
Roof:
Flat
Cooling:
None
Heating:
Natural Gas
Water Heater:
Electric
Appliances:
Water Heater
Security Features:
Smoke Detector(s)
Water Source:
Public
Sewer:
Public Sewer
Road Surface Type:
Paved
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Multi Family
- Listing Contract Date
- 2021-02-20
- Listing Service
- Full Service
Location Tax and Legal
- County
- Lehigh
- Street Number
- 702
- Street Name
- Saint John
- Street Suffix
- Street
- City (Post Office)
- Allentown
- State
- PA
- Postal Code
- 18103
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Type: Built as Apartment, Kitchens: Modern, Bathrooms: Modern, Miscellaneous: Zoning Code R-Mh, Miscellaneous: Cert of Occ Req'd Yes
- Public Remarks
- Great Cash Flow on this 7-unit in South Allentown - plenty of value add! Fully occupied with decent paying tenants. Landlord pays water, sewer, trash, heat and common electric. Tenants pay electric for their unit. Coin operated laundry and storage rooms for tenants provide the opportunity for additional income. All leases are yearly leases with 5% increases built in. All units have full deposits. 5- 2 bedrooms & 2- 1 Bedrooms. Don't wait too long to add this one to your portfolio! Seller will provide CLEAR CO.
Status Change Information
- Price Change Timestamp
- 2021-04-30T21:32:07Z
- Purchase Contract Date
- 2021-05-20
- Close Date
- 2021-08-12
- Close Price
- 640000
More Information
Income and Expenses
- Gross Income
- 78900
- Net Operating Income
- 22824
- Insurance Expense
- 1955
- New Taxes Expense
- 8960.79
- Electric Expense
- 907
- Heat Expense
- 3561
- Trash Expense
- 2625
- Maintenance Expense
- 1121
Unit 1
- Unit #
- 702 - 1
- Occupied YN
- Y
- Actual Rent
- 992
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 2
- Unit #
- 702 - 2
- Occupied YN
- Y
- Actual Rent
- 971
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 3
- Unit #
- 702 - 3
- Occupied YN
- Y
- Actual Rent
- 995
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 4
- Unit #
- 910
- Occupied YN
- Y
- Actual Rent
- 795
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 5
- Unit #
- 912 - 1
- Occupied YN
- Y
- Actual Rent
- 875
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 6
- Unit #
- 912 - 2
- Occupied YN
- Y
- Actual Rent
- 952
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Unit 7
- Unit #
- 912 - 3
- Occupied YN
- Y
- Actual Rent
- 995
- Unit Remarks
- Appliances: yes
- SqFt Total
- 0
Location, Tax, and Legal
- Parcel Number
- 640626569864001
- Municipality
- Allentown City
- High School District
- Allentown City
- Cnty&Muni Taxes (Legacy)
- 2751.88
- School Tax Amount
- 6208.91
- Tax Annual Amount
- 8960.79
- Tax Assessed Value
- 297400
- Tax Book Number
- 2018030880
- Zoning Description
- Residential
Currently Not Used
- Number Of Units Total
- 7
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Construction Materials
- Brick
- Yes
Roof
- Flat
- Yes
Cooling
- None
- Yes
Heating
- Natural Gas
- Yes
Water Heater
- Electric
- Yes
Appliances
- Water Heater
- Yes
Security Features
- Smoke Detector(s)
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Steel City Realty LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
