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USAPAAllentownNot in Development624 N Maxwell St
624 N Maxwell St, Condo with 12 bedrooms, 9 bathrooms and 12 parking in Allentown PA | Image 1
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$1,695,000

624 N Maxwell St, Allentown, PA

Condo

For Sale

$--,---,---
12912
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5985 sqft
Garage No
Maintenance Fees $5,602
Taxes $12,847
Days Active 0
Approx. Age 1914
Avg. Price Per Sqft $283
MLS® Number 759332

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

The residential component of this offering includes eight apartments: four 1-bedroom units and four 2-bedroom units. Tenants are responsible for their own electricity, which covers both cooking and hot water. Additionally, the two lower-level units also pay for their own heat, while the owner provides heat for the remaining six apartments, as well as water, sewer, and trash service for all eight units. Recent upgrades include the installation of a high-efficiency, gas-fired, direct-vent condensing boiler (Evergreen Series EVG-299, 95.5% AFUE) with outdoor reset control, along with baseboard electric heaters in the two lower-level units. Five of the eight apartments have been renovated, offering a value-add opportunity for a new owner to renovate the remaining three and increase rental income. The commercial portion of the property is currently leased to La Esquina de Jorge Restaurant. The lease includes 3% annual rent increases (the next scheduled increase begins August 1, 2025) and requires the tenant to cover all maintenance and utility expenses, except for water/sewer, which is billed back at $75 per month.Show Description
MLS® Number759332
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1914
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Hot Water
A/CWall Window Units
Heating Fuel

Extras

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