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
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.
More Information MLS# PM-83633
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $1,300,000
Current Price: $1,300,000
Status: Closed
Listing Contract Date: 2020-12-08
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
General Property Information
Building Area Source: Public Records
Stories: 4
Number Of Buildings: 1
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
Building Area Total: 10435
Year Built: 1920
Currently Not Used
Number Of Units Total: 10
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.
Unit Details
1 Bedroom: 4
2 Bedroom: 2
3 Bedroom: 4
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
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Disclosures
Right of First Refusal: 1
Possession
Negotiable: 1
Unit 1
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 2
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 3
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 4
Occupied YN: Y
Actual Rent: 1050
SqFt Total: 1000
Beds Total: 2
Baths Total: 1
Unit 5
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 6
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 7
Occupied YN: Y
Actual Rent: 1050
SqFt Total: 1000
Beds Total: 2
Baths Total: 1
Unit 8
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 9
Occupied YN: Y
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Construction Materials
Brick: 1
Roof
Flat: 1
Cooling
Separate Meters: 1
None: 1
Heating
Baseboard: 1
Electric: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Paved: 1
Lot Features
Historic District: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
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
Status Change Information
Purchase Contract Date: 2020-12-31
Close Date: 2021-03-12
Close Price: 1300000
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
Listing Office:
Steel City Realty LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
