NOT LISTED FOR SALE

715 E 7th St Bethlehem, PA 18015

Downtown Bethlehem Neighborhood
18 Beds
12 Baths
13,728 Sq Ft
0.26 Acres

Last Sold February 25, 2021

Last sale price $1,500,000 $109 Per Sq Ft

39 Days on Market

About This Home

As of February 2021

Fully occupied 12 unit building in South Bethlehem! The building consists of 6- 1 BR apartments, 6- 2BR apartments, on-site coin-operated laundry, additional storage area, security cameras, fire monitoring and a large parking lot for tenants. Tenants pay electric and the Landlord pays water, sewer and trash. Many capital improvements have already been made! Each lease is a yearly lease with an automatic 5% increase built in and an automatic 1 year renewal. All security deposits are in place. This property has had superb cash flow over the years and still has some upside available. This would be an easy addition to your portfolio and is perfectly situated between the Casino and Lehigh University. If you are looking for 12 units under one roof, don't miss this one!

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty License #RM423820 Listed on: 11/09/2020

Co-Listed By

Aisha Smith

Coldwell Banker Hearthside

Last Buyer's Agent

james reardon

EXP Realty LLC License #RS342638

EXP Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,035

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot

Home Design

  • 13,728 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Full Bathrooms

Parking

  • 14 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number P6SE2D 13 17 0204

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,700
  • Insurance Expense $2,906
  • Trash Expense $1,860
  • Water Sewer Expense $3,600
  • Operating Expense $21,805
  • Gross Income $127,860
  • Net Operating Income $106,055

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,035

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial
  • County Assessment: 115200.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 12
  • Full Bathrooms: 12
  • Bedrooms: 18
  • Square Footage: 13728

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 14

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 1700
  • Gas: 810
  • Insurance: 2906
  • Trash Removal: 1860
  • Water Sewer: 3600

Condo/Co-op/Association

  • Lawn Snow Removal: 1000

Fee Information

  • Operating Expense: 21805

Lot Info

  • Acres: 0.261
  • Lot Sq Ft: 11360
  • Zoning Code: RM-RESIDENTIAL

Tax Info

  • Assessor Parcel Number: P6SE2D 13 17 0204
  • County Taxes: 1359.36
  • Municipal Taxes: 2204.93
  • Total Taxes: 10035.07

Multi Family

  • School Taxes: 6470.78
  • Total Units: 12
  • Total Unit Count: 12

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/25/2021 02/25/21 Sold $1,500,000 -6.3% $109 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/27/2020 11/27/20 For Sale $1,600,000 0.0% $117 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $1,600,000 +122.2% $117 / Sq Ft
12/30/2013 12/30/13 Sold $720,000 -7.7% $89 / Sq Ft View Prior Sale
11/25/2013 11/25/13 Pending -- -- --
11/01/2013 11/01/13 For Sale $780,000 -- $96 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,244 $115,200 $22,400 $92,800
2024 $10,183 $115,200 $22,400 $92,800
2023 $10,183 $115,200 $22,400 $92,800
2022 $10,103 $115,200 $22,400 $92,800
2021 $10,035 $115,200 $22,400 $92,800
2020 $9,939 $115,200 $22,400 $92,800
2019 $9,906 $115,200 $22,400 $92,800
2018 $9,665 $115,200 $22,400 $92,800
2017 $9,550 $115,200 $22,400 $92,800
2016 -- $115,200 $22,400 $92,800
2015 -- $115,200 $22,400 $92,800
2014 -- $115,200 $22,400 $92,800
Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2021

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    28 in this area

    392 Total Sales

    Jennifer de Jesus
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Aisha Smith

    Coldwell Banker Hearthside

    (610) 714-2118

    8 in this area

    68 Total Sales

    Aisha Smith
    Section Image

  • j

    Buyer's Agent in 2021

    james reardon

    EXP Realty LLC

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 653863

Greater Lehigh Valley REALTORS®
Pennsylvania Northampton County Bethlehem 18015 Downtown Bethlehem

715 E 7th St, Bethlehem, PA

Not Listed for Sale

MultiFamily

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