NOT LISTED FOR SALE
9 Beds
7 Baths
9,112 Sq Ft
4,740 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $1,287,500 $141 Per Sq Ft

61 Days on Market

Highlights

  • Balcony
  • Commercial or Retail Space
  • Laundry Facilities

About This Home

As of March 2022

Cash flowing ten unit multi-family commercial property for sale on the Southside of Bethlehem. Building was newly renovated and is 100% occupied with leases in place. Total of seven residential units and three commercial retail spaces. Seven res units total (5) 1 BR & (2) 2BR apts. The ground-level retail spaces each have a three-year lease in place with options for renewal. The tenants' utilities are separately metered for electricity & gas, with all the tenants paying a fixed amount towards the water and sewer bill. This property would make an excellent addition to your investment portfolio. This deal will not last long. Call today for the financial package. The property is located on East 4th Street near Lehigh University, Steel Stacks, Banana Factory, The Outlets & Casino at Wind Creek, Starbucks, Lehigh Valley Charter High School for the Arts, Molinari's Restaurant, and many more local businesses. The property is in close proximity to major highways, Rtes. 22,378,412 and I-78

Last Agent to Sell the Property

Ayon Codner

Keller Williams Allentown Listed on: 10/13/2021

Keller Williams Allentown

Co-Listed By

James Balliet

Keller Williams Allentown

Keller Williams Allentown

Last Buyer's Agent

James Balliet

Keller Williams Allentown

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,147

Year Built

  • Built in 1920

Lot Details

  • 4,740

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 9,112 Sq Ft Home
  • 3-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Additional Features

  • Balcony
  • 4,740 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number P6SE2A 20 6 0204

Community Details

Building Details

  • Electric Expense $1,333
  • Insurance Expense $2,410
  • Maintenance Expense $3,728
  • Manager Expense $4,925
  • Trash Expense $2,385
  • Operating Expense $25,071
  • Gross Income $122,100
  • Net Operating Income $98,052

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,147

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • Technology: Cable, DSL, Smk Detector Battery
  • County Assessment: 115700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Features: Balcony, Central Laundry, Disposal, Fire Escape
  • Bathrooms: Modern
  • Bathrooms: 7
  • Full Bathrooms: 7
  • Bedrooms: 9
  • Square Footage: 9112

Exterior Features

  • Construction: Brick, Vinyl

Utilities

  • Cooling: Window AC
  • Heat Type: Gas, Radiator
  • Sewer: Public
  • Water: Public
  • Electric: 1333
  • Insurance: 2410
  • Trash Removal: 2385

Condo/Co-op/Association

  • Lawn Snow Removal: 165
  • Maintenance Repair: 3728
  • Management: 4925

Fee Information

  • Operating Expense: 25071

Schools

  • School District: Bethlehem

Lot Info

  • Acres: 0.109
  • Lot Sq Ft: 4740
  • Zoning Code: CG

Tax Info

  • Assessor Parcel Number: P6SE2A 20 6 0204
  • County Taxes: 1249.56
  • Municipal Taxes: 2214.50
  • Total Taxes: 10146.89

Multi Family

  • School Taxes: 6682.83
  • Total Units: 10
  • Total Unit Count: 10

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,287,500 -8.0% $141 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,400,000 -- $154 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 681599

Greater Lehigh Valley REALTORS®