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Sold for $640,000 on 09/09/24
  • $640,000

    1510 Coronado St, Allentown, PA 18103

    9beds
    5baths
    3,184sqft
    Quadruplex
    Built in 1944
    -- sqft lot
    $435,200 Zestimate®
    $201/sqft
    $1,286 Estimated rent

    What's special

    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.)

    Zillow last checked: 7 hours ago

    Listing updated: September 23, 2024 at 03:02pm

    Listed by:

    Aaron Powell 215-896-0219,

    Keller Williams Real Estate-Montgomeryville

    Bought with:

    Christopher Topping, RS272111

    RE/MAX Real Estate-Allentown

    Source: Bright MLS,MLS#: PALH2008738MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 5
    Basement
    • Area: 1000
    Heating
    • Baseboard, ENERGY STAR Qualified Equipment, Zoned, Electric
    Cooling
    • Ceiling Fan(s), Wall Unit(s), Electric
    Appliances
    • Included: Electric Water Heater, Gas Water Heater
    Features
    • Flooring: Luxury Vinyl, Carpet, Ceramic Tile
    • Has basement: No
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 4,184
    • Total interior livable area: 3,184 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway, On Street
    • Uncovered spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 6,534 sqft
    • Dimensions: 66.51 x 121.33
    • Features: Corner Lot, Front Yard, Landscaped, SideYard(s), Corner Lot/Unit
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 54967167100400001
    • Zoning: R-M
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Excellent,Very Good
    • New construction: No
    • Year built: 1944

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: 24 Hour Security
    Location
    • Region: Allentown
    • Subdivision: Lehigh Parkway
    • Municipality: ALLENTOWN CITY

    HOA & financial

    Other financial information
    • Total actual rent: 76200

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals, Laundry
    • Listing terms: Cash,Conventional,VA Loan
    • Ownership: Fee Simple
    • Road surface type: Black Top
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $435,200
    2% more+ $8,704
    With Zillow Showcase(estimated)
    $443,904