1510 Coronado Street
Allentown, PA 18103
- – beds
- – baths
- 3,184 sqft
- 6,534 sqft lot
- $201 per sqft
- 1944 build
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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.)
Listing courtesy of BRIGHT / Keller Williams Real Estate-Montgomeryville
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# PALH2008738 —
The Building
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Year Built:1944
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Structure Type:Detached
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Architectural Style:Converted Dwelling
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Historic:No
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Building Levels:3
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Building Units Total:4
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Roof:Shingle
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Security Features:24 hour security
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Accessibility Features:None
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Foundation Details:Block
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Basement:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt:1000
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Total Below Grade SqFt Source:Estimated
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Tax Total Finished SqFt:2784
Interior
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Flooring Type:Luxury Vinyl Plank, Carpet, Ceramic Tile
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Fireplace:Yes
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Fireplaces:1
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:4184
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Living Area SqFt:3,184 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, VA
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Buyer Financing:Conventional
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Possession:Negotiable, Settlement, Subject to Existing Lease
Location
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Directions:Can be found on GPS.
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Cross Street:Lehigh & Coronado
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Latitude:40.57859000
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Longitude:-75.48490000
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Location Type:Corner Lot/Unit
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Property Condition:Excellent, Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.15
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Lot Size Source:Estimated
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Lot Size Dimensions:66.51 x 121.33
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Lot Dimensions Source:Assessor
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Lot Features:Corner, Front Yard, Landscaping, SideYard(s)
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Lot SqFt:6,534 Sqft
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Zoning:R-M
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Road Surface Type:Black Top
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Road Responsibility:City/County
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:1108
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 896-0219
- Office phone:
- (215) 631-1900
Taxes
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Tax ID Number:549671671004-00001
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Tax Year:2022
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Tax Lot:57
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Tax Annual Amount:$7,132
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Tax Assessed Value:$215,900
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Year Assessed:2023
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School Tax:4889.0
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County Tax:816.00
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City/Town Tax:1427.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Ceiling Fan(s), Wall Unit
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric, Energy Star Heating System, Zoned
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric, Natural Gas
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Water Source:Public
Schools
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School District Name:Allentown
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School District Source:Listing Agent
The Community
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Subdivision Name:Lehigh Parkway
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Cap Rate:8.73
Parking
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Total Garage and Parking Spaces:3
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Garage:No
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Type of Parking:Driveway, On Street
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Parking Features:Paved Driveway
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Driveway - # of Spaces:3
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 3
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Vacation Rental:No
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One Bedroom Units:1
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Two Bedroom Units:2
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/9/24
Sep 9, 2024
|
Sold | BRIGHT | $640,000 | -1.5% |
7/3/24
Jul 3, 2024
|
Sold Subject To Contingencies | BRIGHT | $650,000 | |
6/27/24
Jun 27, 2024
|
Listed / Active | BRIGHT | $650,000 |