$1,500,000
$1,600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
13,728 SqFt
SOLD DATE : 02/25/2021
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 13,728 sqft
Price per Sqft $109
MLS Listing ID PANH107300
Sold Date 02/25/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1969
Annual Tax Amount $10,035
Tax Year 2021
Lot Dimensions 0.00 x 0.00
Property Description
Fully occupied 12 unit building in South Bethlehem! The building consists of 6- 1 BR apartments, 6- 2BR apartments, on-site coin-operated laundry, additional storage area, security cameras, fire monitoring and a large parking lot for tenants. Tenants pay electric and the Landlord pays water, sewer and trash. Many capital improvements have already been made! Each lease is a yearly lease with an automatic 5% increase built in and an automatic 1 year renewal. All security deposits are in place. This property has had superb cash flow over the years and still has some upside available. This would be an easy addition to your portfolio and is perfectly situated between the Casino and Lehigh University. If you are looking for 12 units under one roof, don't miss this one!
Location
State PA
County Northampton
Area Bethlehem City (12404)
Zoning RM
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 14.0
Utilities Available Water Available, Sewer Available
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 14
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID P6SE2D-13-17-0204
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jennifer de Jesus • Steel City Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "