NOT LISTED FOR SALE
Studio
-- Bath
3,482 Sq Ft
7,885 Sq Ft Lot

Last Sold June 19, 2020

Last sale price $435,000 $125 Per Sq Ft

26 Days on Market

Highlights

  • 0.18 Acre Lot
  • No HOA
  • Ceiling Fan
  • Colonial Architecture
  • Forced Air Heating System
  • Electric Baseboard Heater

About This Home

As of June 2020

Turnkey, Lehigh University, off campus, student housing portfolio. Consists of 3 properties/12 beds total, selling as a package. 3482 sq ft total living space. Appliances include refrigerator, oven/range, and washer/dryer. Off-street parking available at each property. Pro forma numbers showing over 15% cap at full occupancy w/ tenants paying all utilities.

Last Agent to Sell the Property

Jennifer DeJesus

(484) 895-9005 jen@dejesusteam.com Steel City Realty Listed on: 02/11/2020

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,351

Year Built

  • Built in 1900

Lot Details

  • 7,885 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 3,482 Sq Ft Home
  • Ceiling Fan

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $2,000
  • Net Operating Income $69,851

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,351

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3482
  • Living Area Sq Ft: 3482
  • Price Per Sq Ft: 129.24
  • Above Grade Finished Sq Ft: 3482
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7885.00
  • Zoning: RM

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 4793.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 7351.05
  • Assessor Parcel Number: MULTIPLE
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 79200.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: BETHLEHEM AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2020
Sold by
Polk Street Development Associates Lp
Bought by
Polk Street Development Associates Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,485,000
Outstanding Balance
$6,639,999
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2003
Sold by
Bethlehem Steel Corp
Bought by
Polk Street Development Associates Lp
Source: Public Records
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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
Polk Street Development Associates Lp -- Abe Abstract Inc
Polk Street Development Associates Lp $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polk Street Development Associates Lp $7,485,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $435,000 -3.3% $125 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $450,000 -- $129 / Sq Ft
Source: Bright MLS

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 $16,548 $1,532,200 $11,800 $1,520,400
2024 $135,431 $1,532,200 $11,800 $1,520,400
2023 $135,431 $1,532,200 $11,800 $1,520,400
2022 $134,374 $1,532,200 $11,800 $1,520,400
2021 $133,470 $1,532,200 $11,800 $1,520,400
2020 $132,198 $1,532,200 $11,800 $1,520,400
2019 $131,754 $1,532,200 $11,800 $1,520,400
2018 $128,552 $1,532,200 $11,800 $1,520,400
2017 $127,019 $1,532,200 $11,800 $1,520,400
2016 -- $1,532,200 $11,800 $1,520,400
2015 -- $1,532,200 $11,800 $1,520,400
2014 -- $1,532,200 $11,800 $1,520,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PANH106016

Bright MLS

APN: P6SE1B-4-4-0204