NOT LISTED FOR SALE
7 Beds
10 Baths
8,504 Sq Ft
4,740 Sq Ft Lot

Last Sold July 15, 2019

Last sale price $480,000 $56 Per Sq Ft

12 Days on Market

About This Home

As of July 2019

10 Unit, 3 Building fantastic investment opportunity knocking! Located blocks from Steel Stacks and the Sands Casino in South Bethlehem. Easy access to restaurants, shopping, public transportation, and local attractions, 7 apartments and 3 commercial units on the 1st floor, All units are rented except 2 of the commercial units on the 1st floor, Tenants pay their own gas and electric and each unit has its own meter, The south side has seen a burst of commerce with new restaurants and businesses opening regularly. Well maintained and managed. Excellent investment opportunity!!

Last Agent to Sell the Property

Jeff Torchia

Preferred Properties Plus Listed on: 03/29/2019

Last Buyer's Agent

Charalambos Papageorgiou

Emerald Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,227

Year Built

  • Built in 1920

Lot Details

  • 4,740 Sq Ft Lot

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 8,504 Sq Ft Home
  • 3-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • No Cooling
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P6SE2A 20 6

Community Details

Overview

  • 10 Units

Building Details

  • Insurance Expense $3,540
  • Maintenance Expense $2,085
  • Trash Expense $646
  • Water Sewer Expense $3,139
  • Operating Expense $20,059
  • Gross Income $83,400
  • Net Operating Income $63,341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,227

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Mixed Use
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 115700.00
  • Stories: 3.0
  • Street Number Modifier: 716
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Bathrooms: 10
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Bedrooms: 7
  • Square Footage: 8504

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 3540
  • Trash Removal: 646
  • Water Sewer: 3139

Condo/Co-op/Association

  • Maintenance Repair: 2085

Fee Information

  • Operating Expense: 20059

Lot Info

  • Acres: 0.109
  • Lot Sq Ft: 4740
  • Zoning Code: Cg - General commercial

Tax Info

  • Assessor Parcel Number: P6SE2A 20 6
  • County Taxes: 1249.56
  • Municipal Taxes: 2214.50
  • Total Taxes: 10226.73

Multi Family

  • School Taxes: 6762.67
  • Total Units: 10
  • Total Unit Count: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2022
Sold by
712 E 4Th Llc
Bought by
Val Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Outstanding Balance
$971,668
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2019
Closed on
Jul 15, 2019
Sold by
Kim Min Bae and Kim Minbae
Bought by
712 E 4Th Llc
Seller's Agent
Jeff Torchia
Preferred Properties Plus
Buyer's Agent
Charalambos Papageorgiou
Emerald Realty Group
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 1, 1996
Bought by
Hetherington Ii Michael T
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
Val Property Llc $1,287,500 None Listed On Document
712 E 4Th Llc $480,000 None Available
Hetherington Ii Michael T $77,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Val Property Llc $1,030,000
Previous Owner 712 E 4Th Llc $515,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2019 07/15/19 Sold $480,000 -4.0% $56 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $499,900 -- $59 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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 $468 $43,300 $13,800 $29,500
2024 $3,827 $43,300 $13,800 $29,500
2023 $3,827 $43,300 $13,800 $29,500
2022 $3,797 $43,300 $13,800 $29,500
2021 $3,772 $43,300 $13,800 $29,500
2020 $3,736 $43,300 $13,800 $29,500
2019 $3,723 $43,300 $13,800 $29,500
2018 $3,633 $43,300 $13,800 $29,500
2017 $3,590 $43,300 $13,800 $29,500
2016 -- $43,300 $13,800 $29,500
2015 -- $43,300 $13,800 $29,500
2014 -- $43,300 $13,800 $29,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 607017

Greater Lehigh Valley REALTORS®

APN: P6SE2A-20-6-0204