NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.49 Acres

Last Sold March 31, 2017

Last sale price $1,000,000

49 Days on Market

Highlights

  • Commercial or Retail Space
  • Central Air
  • Heating Available

About This Home

As of March 2017

Excellent investment opportunity. This mixed use property comprises 4 commercial tenants including a restaurant, office, retail, photography studio and 9 apartments in 3 separate structures. Perfect for any investor who values diversity and balance in their portfolio. This well-located property is in a perfect location of dense suburban residential with great demand for neighborhood commercial. Many long-term tenants. All buildings have been well-maintained. Excellent cash flow. Perfect for owner/occupant.

Last Agent to Sell the Property

Mary Beth Dolinich

HowardHanna TheFrederickGroup Listed on: 01/06/2017

HowardHanna TheFrederickGroup

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,418

Year Built

  • Built in 1950

Lot Details

  • 0.49

Home Design

  • Commercial or Retail Space
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Parking

  • 30 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 4864-05-6009-1223

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $9,756
  • Insurance Expense $7,174
  • Maintenance Expense $2,317
  • Manager Expense $3,600
  • Other Expense $2,993
  • Trash Expense $2,055
  • Water Sewer Expense $6,549
  • Operating Expense $53,575
  • Gross Income $142,020
  • Net Operating Income $88,603

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,418

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial
  • County Assessment: 148300.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern

Exterior Features

  • Construction: Stucco

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 30

Utilities

  • Cooling: Central AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Electric: 9756
  • Insurance: 7174
  • Trash Removal: 2055
  • Water Sewer: 6549

Condo/Co-op/Association

  • Lawn Snow Removal: 8542
  • Maintenance Repair: 2317
  • Management: 3600

Fee Information

  • Operating Expense: 53575

Schools

  • School District: Bethlehem

Lot Info

  • Zoning Code: NC and MDR

Rental Info

  • Other Expenses: 2993

Tax Info

  • Assessor Parcel Number: 4864-05-6009-1223
  • County Taxes: 1601.64
  • Municipal Taxes: 1147.84
  • Total Taxes: 11417.62

Multi Family

  • School Taxes: 8668.14
  • Total Units: 13
  • Total Unit Count: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2017
Closed on
Mar 31, 2017
Sold by
Sentry Bethlehem Associates
Bought by
Zf Holdings Llc
Seller's Agent
Mary Beth Dolinich
HowardHanna TheFrederickGroup
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$629,164
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2003
Sold by
National Loan Investors
Bought by
Bethlehem Sentry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 2002
Bought by
National Loan Investors Lp
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Zf Holdings Llc $1,000,000 None Available
Bethlehem Sentry $285,000 --
National Loan Investors Lp $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zf Holdings Llc $750,000
Previous Owner Sentry Bethlehem Associates $180,000
Previous Owner Bethlehem Sentry $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $1,000,000 -9.1% --
02/24/2017 02/24/17 Pending -- -- --
01/06/2017 01/06/17 For Sale $1,100,000 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,404 $130,000 $49,900 $80,100
2024 $9,976 $130,000 $49,900 $80,100
2023 $10,009 $130,000 $49,900 $80,100
2022 $9,919 $130,000 $49,900 $80,100
2021 $9,842 $130,000 $49,900 $80,100
2020 $9,854 $130,000 $49,900 $80,100
2019 $9,816 $130,000 $49,900 $80,100
2018 $9,547 $130,000 $49,900 $80,100
2017 $9,482 $130,000 $49,900 $80,100
2016 -- $130,000 $49,900 $80,100
2015 -- $130,000 $49,900 $80,100
2014 -- $130,000 $49,900 $80,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 536738

Greater Lehigh Valley REALTORS®

APN: N7NE4 41 10 0205