NOT LISTED FOR SALE
15 Beds
6 Baths
9,300 Sq Ft
6,713 Sq Ft Lot

Last Sold July 12, 2024

Last sale price $910,000 $98 Per Sq Ft

17 Days on Market

Highlights

  • 0.15 Acre Lot
  • Patio
  • Wall to Wall Carpet
  • Balcony
  • Baseboard Heating
  • 2-minute walk to Bethlehem Skateplaza

About This Home

As of July 2024

This blue chip, cash flowing property would be a stand out in any investors portfolio. The building was part of a program that gutted old buildings to create modern apartment buildings. It is a low maintenance, purpose built 6 unit and not a cut up, converted house. 3 2-Bedrooms and 3 3-Bedroom units on 3 floors, 2 units per floor. Modern wiring, plumbing and drywall construction. The units are nicely sized and comfortable. Electric baseboard heat is paid for by the tenants. Tenants also pay a trash fee. Most units rents are below market. The basement is a blank canvas awaiting income generating additions like storage units for tenants and coin-op laundry. Off street parking in rear using the properties dedicated parking lot. Minutes from Wind Creek Casino and the Steel Stacks. Nice views of the revitalized South Side of Bethlehem from the units. Close to I78 and Rt22. You don't want to miss out on this unique property.

Last Agent to Sell the Property

Eric Luckenbach

Keystone Prop Mngmnt&Maint LLC Listed on: 04/26/2024

Last Buyer's Agent

Lenore Mohr

Keller Williams Northampton

Keller Williams Northampton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,080

Year Built

  • Built in 1925

Lot Details

  • 6,713 Sq Ft Lot
  • Lot Dimensions are 48x131

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 9,300 Sq Ft Home
  • 4-Story Property
  • Wall to Wall Carpet
  • Fire Escape

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number P7SW1A 5 16 0204

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $650
  • Insurance Expense $3,600
  • Maintenance Expense $1,000
  • Trash Expense $2,200
  • Water Sewer Expense $2,250
  • Operating Expense $19,557
  • Gross Income $92,820
  • Net Operating Income $73,983

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,080

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 125000.00
  • Stories: 4.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1925
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Patio, Rewired, Wall-to-Wall Carpet
  • Bathrooms: Modern
  • Bathrooms: 6
  • Full Bathrooms: 6
  • Bedrooms: 15
  • Square Footage: 9300

Exterior Features

  • Construction: Brick, Vinyl

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Cooling: No Air, Window ACs
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 650
  • Insurance: 3600
  • Trash Removal: 2200
  • Water Sewer: 2250

Condo/Co-op/Association

  • Lawn Snow Removal: 200
  • Maintenance Repair: 1000

Fee Information

  • Operating Expense: 19557

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.154
  • Lot Dimensions: 48x131
  • Lot Sq Ft: 6713
  • Zoning Code: Rm-Residential

Tax Info

  • Assessor Parcel Number: P7SW1A 5 16 0204
  • County Taxes: 1350.00
  • Municipal Taxes: 2455.00
  • Total Taxes: 11080.00

Multi Family

  • School Taxes: 7275.00
  • Total Units: 6
  • Total Unit Count: 7

MLS Schools

  • School District: Bethlehem

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $910,000 -8.5% $98 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $995,000 -- $107 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 736751

Greater Lehigh Valley REALTORS®