NOT LISTED FOR SALE

635 Atlantic St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood

Estimated Value: $418,270 - $812,000

6 Beds
3 Baths
3,240 Sq Ft
$163/Sq Ft Est. Value

Sale Details

Date Sold: May 1, 2018

Last sale price $217,000 $67 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,929 / mo

37 Days on Market

Highlights

  • 0.13 Acre Lot
  • Patio
  • Garage
  • Balcony

About This Home

As of May 2018

Fully 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

EXP Realty LLC

Co-Listed By

Loren Keim

CENTURY 21 Keim Realtors

Last Buyer's Agent

nonmember nonmember

NON MBR Office

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,118

Year Built

Built in 1900

Lot Details

5,600 Sq Ft Lot

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Both Halves, Converted
  • Technology: Smk Detector Battery
  • County Assessment: 57900.00
  • Stories: 3.0
  • Street Number Modifier: 637
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Balcony, Patio, Wash/Dry Hook-ups
  • Bathrooms: Semi Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 6
  • Square Footage: 3240

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: No Air
  • Heat Type: Oil
  • Sewer: Public
  • Water: Public
  • Electric: 1200
  • Heat: 5000
  • Insurance: 1100
  • Trash Removal: 1320
  • Water Sewer: 800

Fee Information

  • Operating Expense: 9420

Lot Info

  • Acres: 0.129
  • Lot Sq Ft: 5600
  • Zoning Code: RM

Tax Info

  • Assessor Parcel Number: P6SE2D-14-14-02-04-
  • County Taxes: 625.32
  • Municipal Taxes: 1108.21
  • Total Taxes: 5117.79

Multi Family

  • School Taxes: 3384.26
  • Total Units: 3
  • Total Unit Count: 4

MLS Schools

  • School District: Bethlehem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
May 1, 2018
Sold by
Bought by
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
$529,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,068
Avg. Annual Appreciation
11.44%
Original Mortgage
$162,750
Interest Rate
0.0445%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2005
Sold by
Bought by

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
0.0573%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2003
Sold by
Bought by

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
0.0581%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$217,000 None Available
$165,750 --
$102,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $163,000
Closed $162,750
Previous Owner $132,600
Previous Owner $76,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $656 $60,700 $11,400 $49,300
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

  • T

    Seller's Agent in 2018

    Tejas Gosai

    EXP Realty LLC

    Section Image
  • Loren Keim

    Seller Co-Listing Agent in 2018

    Loren Keim

    CENTURY 21 Keim Realtors

    (610) 969-7200

    11 in this area

    448 Total Sales

    Loren Keim
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 570352

Greater Lehigh Valley REALTORS®

APN: P6SE2D-14-14-0204

Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

635 Atlantic St, Bethlehem, PA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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