NOT LISTED FOR SALE
7 Beds
6 Baths
6,800 Sq Ft
3,690 Sq Ft Lot

Last Sold February 15, 2019

Last sale price $450,000 $66 Per Sq Ft

82 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • 3-minute walk to Elmwood Park

About This Home

As of February 2019

Enjoy this great cash-flowing apartment building in the heart of Bethlehem! Get out of the volatile stock market and relax with steady returns! Your next investment hosts 6 units, 5 of which are 1 bedroom and 1 bathroom, and 1 unit is 2 bedroom and 1 bathroom. This location has been so popular with tenants it has been 90% occupied since the current owner has had it in portfolio! Hardwood flooring and carpet throughout. Neat, clean units with appliances. Freshly painted units. Four new gas water heaters installed in 2014. This building is newly converted to gas (October 2014) to efficiently heat the building. Many, many updates have been completed and we continue to be making this property turnkey and up to code! Seller is sad to leave this workhorse go but is pursuing other opportunities-his loss is your gain!

Last Agent to Sell the Property

Robert Dandi

RE/MAX Central - Center Valley Listed on: 10/16/2018

RE/MAX Central - Center Valley

Last Buyer's Agent

George Neely

Keller Williams Allentown

Keller Williams Allentown

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,383

Year Built

  • Built in 1900

Lot Details

  • 3,690

Home Design

  • Semi-Detached or Twin Home
  • Brick Exterior Construction

Interior Spaces

  • 6,800 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Home Security

Utilities

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

Additional Features

  • Balcony
  • 3,690 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number P6NE1B 28 12 0204

Community Details

Building Details

  • Insurance Expense $2,710
  • Trash Expense $1,800
  • Water Sewer Expense $1,752
  • Operating Expense $15,638
  • Gross Income $57,420
  • Net Operating Income $41,242

Additional Features

  • 6 Units
  • Fire Escape

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,383

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Semi Detached/Twin
  • Technology: Cable
  • County Assessment: 60900.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood, Wall-to-Wall Carpet
  • Bathrooms: Semi Modern
  • Bathrooms: 6
  • Full Bathrooms: 6
  • Bedrooms: 7
  • Square Footage: 6800

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Window AC
  • Heat Type: Gas, Radiator
  • Sewer: Public
  • Water: Public
  • Heat: 2500
  • Insurance: 2710
  • Trash Removal: 1800
  • Water Sewer: 1752

Condo/Co-op/Association

  • Lawn Snow Removal: 1680

Association/Amenities

  • Unit: 712-714

Fee Information

  • Operating Expense: 15638

Lot Info

  • Acres: 0.085
  • Lot Sq Ft: 3690
  • Zoning Code: Rm

Tax Info

  • Assessor Parcel Number: P6NE1B 28 12 0204
  • County Taxes: 657.72
  • Municipal Taxes: 1165.63
  • Total Taxes: 5382.96

Multi Family

  • School Taxes: 3559.61
  • Total Units: 6
  • Total Unit Count: 6

MLS Schools

  • School District: Bethlehem

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $450,000 -13.4% $66 / Sq Ft
01/06/2019 01/06/19 Pending -- -- --
11/06/2018 11/06/18 Price Changed $519,900 -1.0% $76 / Sq Ft
10/16/2018 10/16/18 For Sale $525,000 -- $77 / 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: 593584

Greater Lehigh Valley REALTORS®

APN: P6NE1B 28 12 0204