T
Seller's Agent in 2018
Tejas Gosai
EXP Realty LLC
635 Atlantic St Bethlehem, PA 18015
Downtown Bethlehem NeighborhoodEstimated Value: $402,000 - $465,000
6
Beds
3
Baths
3,240
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- 0.13 Acre Lot
- Patio
- Garage
- Balcony
About This Home
As of May 2018Fully occupied, turnkey, cash flowing 9%+ cap rate @ asking, 3-unit, all-brick multifamily with spacious rooms & minimal maintenance in a desirable area of Bethlehem. The property has been renovated over the years to revitalize the interior/exterior with upgrades including a new furnace, energy efficient hot water heater, newer electrical and all new carpeting. Owners have diligently ascertained strong tenants with background/credit checks and have all security deposits. Apt 1 is a 3-story 4BR apartment with new carpets, 1st floor has a living/dining room combo and eat-in kitchen. 2nd floor has 3BR and full BA, 3rd floor has 4th BR. Apt 2 is on the 1st floor with open concept living/kitchen, breakfast bar, and master BR, also new carpets. Apt 3 is on 2nd floor with 2BR and view of the local park. Beautiful fenced backyard and 4 bay fully rented garage at 250/mo. Tenants pay electric. There is a large park located next to the building with basketball and other recreational activities.
Last Agent to Sell the Property
Tejas Gosai
EXP Realty LLC Listed on: 02/19/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,118
Year Built
- Built in 1900
Lot Details
- 5,600 Sq Ft Lot
Parking
- Garage
Home Design
- Duplex
- Converted Dwelling
- Brick Exterior Construction
Interior Spaces
- 3,240 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Balcony
- Patio
Utilities
- No Cooling
- Heating System Uses Oil
Listing and Financial Details
- Assessor Parcel Number P6SE2D-14-14-02-04-
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $1,200
- Insurance Expense $1,100
- Trash Expense $1,320
- Water Sewer Expense $800
- Operating Expense $9,420
- Gross Income $36,840
- Net Operating Income $22,562
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2018
Closed on
May 1, 2018
Sold by
Martinez Martinez B and Martinez Mario
Bought by
Broda Lesya and Semenovych Oleksandr
Seller's Agent
Tejas Gosai
EXP Realty LLC
Buyer's Agent
nonmember nonmember
NON MBR Office
List Price
$217,000
Sold Price
$217,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,234
Avg. Annual Appreciation
9.74%
Original Mortgage
$162,750
Outstanding Balance
$140,294
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$294,940
Purchase Details
Closed on
Feb 4, 2005
Sold by
Reube Mark
Bought by
Martinez B Kathy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,600
Interest Rate
5.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2003
Sold by
Klados Drakos
Bought by
Reuhe Mark A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
5.81%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Broda Lesya | $217,000 | None Available | |
| Martinez B Kathy | $165,750 | -- | |
| Reuhe Mark A | $102,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Broda Lesya | $162,750 | |
| Previous Owner | Martinez B Kathy | $132,600 | |
| Previous Owner | Reuhe Mark A | $76,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2018 05/01/18 | Sold | $217,000 | 0.0% | $67 / Sq Ft |
| 03/28/2018 03/28/18 | Pending | -- | -- | -- |
| 02/19/2018 02/19/18 | For Sale | $217,000 | -- | $67 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
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 | $656 | $60,700 | $11,400 | $49,300 |
| 2024 | $5,365 | $60,700 | $11,400 | $49,300 |
| 2023 | $5,365 | $60,700 | $11,400 | $49,300 |
| 2022 | $5,323 | $60,700 | $11,400 | $49,300 |
| 2021 | $5,288 | $60,700 | $11,400 | $49,300 |
| 2020 | $4,996 | $57,900 | $11,400 | $46,500 |
| 2019 | $4,979 | $57,900 | $11,400 | $46,500 |
| 2018 | $4,858 | $57,900 | $11,400 | $46,500 |
| 2017 | $4,800 | $57,900 | $11,400 | $46,500 |
| 2016 | -- | $57,900 | $11,400 | $46,500 |
| 2015 | -- | $57,900 | $11,400 | $46,500 |
| 2014 | -- | $57,900 | $11,400 | $46,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Loren Keim
Seller Co-Listing Agent in 2018
Loren Keim
CENTURY 21 Keim Realtors
(610) 969-7200
12 in this area
485 Total Sales
-
nonmember nonmember
n
Buyer's Agent in 2018
nonmember nonmember
NON MBR Office
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 570352
APN: P6SE2D-14-14-0204
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