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Investment Highlights
- Historic Allentown 3-unit once home to theater legend Katherine Cornell
- Stunning architectural details including hardwood floors, fireplaces & soaring ceilings
- Extensively restored exterior with major mechanical & structural upgrades
Executive Summary
Beautifully maintained & historically significant, Allentown 3-unit w/ incredible updates & beautiful architectural details. The former home of the great Katherine Cornell, "The First Lady of American Theater," this stunning property has been completely remodeled inside & out, w/ pride of ownership shining throughout. The exterior has recently undergone an extensive restoration project, w/ the entire building being fully repainted, boards & scalloped shingles replaced, half of the roof being torn off last year, (other half is 6 years old), along with/ the chimneys & stone foundations getting repointed. Other significant upgrades include updated electrical/circuit breakers, copper plumbing, a new furnace, 2 HWTs from 2020 & newer replacement vinyl windows being installed throughout this expansive 3-story residence. The exterior has never shined brighter. Upon passing through the striking front doubles doors, you are greeted by a commanding staircase & an airy foyer. The large 1st floor 2-bedroom unit offers gorgeous hardwood floors w/ mahogany inlays, 10ft ceilings, an original fireplace/mantle w/ an electric starter, a stunning formal dining room & an updated kitchen w/ stainless steel appliances & generous storage space. A newer bathroom & a back pantry w/ separate laundry hook ups complete this lovely, light-filled unit. The second floor 2-bedroom unit offers incredible livings spaces & neighborhood views. The living room offers a wonderful gas fireplace w/ oversized windows & original moldings. There are 2 expansive bedrooms, one featuring a striking bay window & a charming closet w/ a rounded window. A large eat-in kitchen w/ a separate pantry & a generous sized bathroom make this another wonderful living space. The third floor 2-bedroom unit is quite unique & offers tremendous space & potential. The bath & kitchen are updated, fixtures have been replaced & it offers forced air heating & generous storage space. In addition, the partially fenced backyard is perfect for gardening or patio space while you traverse the wonderful streets of Allentown & the Elmwood Village while hitting up your favorite restaurants, boutiques and bars.
Property Facts Under Contract
| Price | $579,000 | Building Class | C |
| Price Per Unit | $96,500 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,392 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1880 |
| Property Subtype | Apartment | ||
| Zoning | N-2R | ||
| Price | $579,000 |
| Price Per Unit | $96,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,392 SF |
| No. Stories | 3 |
| Year Built | 1880 |
| Zoning | N-2R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,725 | - |
| 2+1 | 2 | $1,500 | - |
| 2+1 | 3 | $1,325 | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 140200-100-690-0003-024-000 | Improvements Assessment | $328,000 |
| Land Assessment | $42,000 | Total Assessment | $370,000 |
Property Taxes
Parcel Number
140200-100-690-0003-024-000
Land Assessment
$42,000
Improvements Assessment
$328,000
Total Assessment
$370,000
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