1701 Hanover Avenue, Allentown, PA 18109 - Photo 1

1/1

$500,000

Sold
Closed
Apartment

1/1

Property Description

Attention Investors! Presenting a prime investment opportunity: a 6-unit detached brick building located on the east side of Allentown, just steps away from shopping, dining, a gym, and public transportation. This three-story building features two one-bedroom apartments and four two-bedroom apartments. Five units are currently occupied, with the sixth unit gutted and ready for customization. The landlord covers water, sewer, trash, and heat, while tenants pay for their own electricity. Key features include a freestanding corner brick building, fire escapes for safety, storage units for each apartment, and wide and spacious stairwells and hallways. Don't miss out on this fantastic investment opportunity!

Full Property Details

Full Property Details for 1701 Hanover Ave

General

Sold For: $500,000
Taxes: $9,637 (2022)
Status: Closed
Type: Apartment
Source: BrightMLSPhilly
MLS ID: PALH2009584
Added to Site: 560 day(s) ago

Business

Business Type: Apartment Building

Parking

Parking Type: On Street

Location

Area: Allentown City (12302)
Municipality: ALLENTOWN CITY
County: Lehigh
Driving Directions: South on Airport Rd toward Union Blvd, continue straight onto N Irving St, left onto Hanover Ave. Property on the left

Heating & Cooling

Cooling Type: None
Heating Type: Hot Water, Steam
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick
Stories/Levels: 0
Year Built: 1925
Year Built Source: Assessor

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 0.12
Lot Size (Sq. Ft.): 5,182
Lot Size Source: Estimated
Lot Dimensions: 48.43 x 107.00
Zoning: B-3

Financial Considerations

Price Per Sq. Ft.: $125.76
Assessment Year: 2023
School Tax: $6,639
City/TownTax: $1,890
City/TownTax Freq: Annually
County Tax: $1,108
County Tax Freq: Annually
Tax w/Assessment: $293,200
Tax Amount: $9,637
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 4

Listed by Real of Pennsylvania, Jonathan Campbell
Sold by Non Subscribing Office, NON MEMBER

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Listing agent

— 1701 Hanover Ave —

Jonathan Campbell

Real of Pennsylvania

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Schools

Schools serving 1701 Hanover Ave

School District:Allentown City School District

Name	Grades	Distance
Ritter El School 790 North Plymouth Street, Allentown, PA 18109	K-5	0.1 mi
Harrison-Morton Middle School 137 North 2nd Street, Allentown, PA 18101	6-8	1.8 mi
Louis E Dieruff High School 815 North Irving Street, Allentown, PA 18109	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1701 Hanover Ave

Date

Details

Price

Change

Source

9/06/2024

Sold

$500,000

0.02%

MLS

8/08/2024

Listed

$499,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1701 Hanover Avenue, Allentown, PA 18109 (MLS# PALH2009584) is a Apartment property that was sold at $500,000 on September 06, 2024. Want to learn more about 1701 Hanover Avenue? Do you have questions about finding other Apartment real estate for sale in Allentown? You can browse all Allentown real estate or contact a Coldwell Banker agent to request more information.

1701 Hanover Ave Allentown, PA 18109