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$1,500,000
Est. payment /mo
12 Beds
8 Baths
4,750 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,750 sqft
Price per Sqft $315
Subdivision Not In Development
MLS Listing ID 778912
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,402
Lot Size 0.418 Acres
Acres 0.418
Property Sub-Type Apartment
Property Description
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot expand opportunities. 6 units in the main building with most units having recent updates and are below market value on month to month leases. The owner is currently occupying both units in the 2 unit building. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Considerations for additional income can be adding on-site laundry and storage in the large basement. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
Location
State PA
County Northampton
Area Bethlehem-South
Direction 378 South, bear right on Broadway, property on the left
Interior
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street, Parking Lot, On Street
Water Access Desc Public
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Schools
School District Bethlehem
Others
Senior Community No
Tax ID P6SW2C-18-1-0204
Special Listing Condition None
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Listed by Weichert Realtors
Nearby Locations
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Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA 19106
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