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$220,000
Est. payment /mo
2 Beds
1 Bath
864 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $254
Subdivision Not In Development
MLS Listing ID 770861
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1922
Annual Tax Amount $1,999
Lot Size 1,001 Sqft
Acres 0.023
Property Sub-Type Apartment
Property Description
Stabilized, all-brick single-family rental in Bethlehem with a fenced yard, producing $21,540 gross and $18,603 net annually, offering durable income with minimal operational risk. This 2-bedroom / 1-bath is situated in a high-demand residential pocket and is currently tenant-occupied with a lease in place through August 2025, providing near-term income visibility. In-place rents of $1,795 per month are supported by local market fundamentals, with modest upside at renewal. Operating expenses are conservatively underwritten, and the property benefits from limited maintenance exposure, and consistent tenant performance. Tenants pay for all utilities. Landlord is only responsible for Taxes and Insurance. This is a straightforward, low-friction hold requiring no heavy capital investment or operational complexity. Ideal for investors seeking predictable income, modest rent growth, and long-term appreciation in the Bethlehem market.
Location
State PA
County Lehigh
Area Bethlehem-West
Direction W broad st to Cambridge turn into Glendale
Interior
Heating Baseboard
Cooling None, Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Bethlehem
Others
Senior Community No
Tax ID 641768944292 1
Special Listing Condition None
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Listed by EXP Realty LLC
Nearby Locations
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Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106
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