NOT LISTED FOR SALE
-- Bed
-- Bath
10,362 Sq Ft
7,405 Sq Ft

Last Sold August 28, 2019

Last sale price $1,725,000 $166 Per Sq Ft

9 Days on Market

About This Home

As of August 2019

Here is a rare opportunity to own a newly constructed apartment building in North Bethlehem which was featured on Bethlehem's Historic Museums and Sites Rooms to View House Tour. The property, which was initially a sewing factory, has been fully rehabbed and rebuilt into 7 brand new very unique units including a large 3,700 square foot penthouse unit. There are also 14 on site parking spaces which are utilized for tenant parking. The property has very low operating costs and there is rarely a vacancy. The occupant of the penthouse unit is willing to sign a one year lease at $3,500 a month payable up front at closing which may reduce out of pocket costs related to the buyer's loan.

Last Agent to Sell the Property

Garrett Benner

Boutique One Properties LLC Listed on: 07/23/2019

Last Buyer's Agent

Barbra Andretti

BHHS Fox & Roach Easton

BHHS Fox & Roach Easton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,738

Year Built

  • Built in 2016

Lot Details

  • 7,405

Home Design

  • 10,362 Sq Ft Home
  • Converted Dwelling
  • Brick Exterior Construction

Parking

  • 14 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P6NE1A 4 9 0204

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $2,700
  • Insurance Expense $4,500
  • Trash Expense $550
  • Water Sewer Expense $2,417
  • Operating Expense $28,240
  • Gross Income $144,600
  • Net Operating Income $116,359

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,738

Year Built

Built in 2016

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted
  • Technology: Cable, Smoke Detector Wired
  • County Assessment: 132800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Square Footage: 10362

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 14

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Electric: 2700
  • Insurance: 4500
  • Trash Removal: 550
  • Water Sewer: 2417

Condo/Co-op/Association

  • Lawn Snow Removal: 450

Fee Information

  • Operating Expense: 28240

Lot Info

  • Zoning Code: PA095

Tax Info

  • Assessor Parcel Number: P6NE1A 4 9 0204
  • County Taxes: 1434.24
  • Municipal Taxes: 2541.79
  • Total Taxes: 11738.19

Multi Family

  • School Taxes: 7762.16
  • Total Units: 7
  • Total Unit Count: 7
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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 List to Sale Price per Sq Ft
08/28/2019 08/28/19 Sold $1,725,000 -9.2% $166 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $1,900,000 0.0% $183 / Sq Ft
05/16/2014 05/16/14 Rented $1,300 0.0% --
05/16/2014 05/16/14 Under Contract -- -- --
03/26/2014 03/26/14 For Rent $1,300 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,434 $132,800 $18,800 $114,000
2024 $11,738 $132,800 $18,800 $114,000
2023 $11,738 $132,800 $18,800 $114,000
2022 $11,647 $132,800 $18,800 $114,000
2021 $11,568 $132,800 $18,800 $114,000
2020 $11,458 $132,800 $18,800 $114,000
2019 $11,419 $132,800 $18,800 $114,000
2018 $11,142 $132,800 $18,800 $114,000
2017 $11,009 $132,800 $18,800 $114,000
2016 -- $132,800 $18,800 $114,000
2015 -- $132,800 $18,800 $114,000
2014 -- $80,000 $18,800 $61,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 617382

Greater Lehigh Valley REALTORS®
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