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Key Details
Sold Price $160,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision West Bethlehem
MLS Listing ID 1000372380
Sold Date 05/24/18
HOA Y/N N
Originating Board TREND
Year Built 1911
Annual Tax Amount $4,537
Tax Year 2018
Lot Size 3,202 Sqft
Acres 0.07
Lot Dimensions 21X150
Property Description
Attention investors looking for mixed use duplex for $170,000! $1,875 monthly income! Rents are: first floor $675, Second floor $975 and garage (Both floors) $225. $22,500 per year Gross Rent. Minus gross expenses: taxes ($4,515 year) and insurance ($1,000) water+Sewage ($58 month) trash ($33 month). NOI is $1,324 per month or $15,893 per year! Cash cow and turnkey rolled into one. This nicely kept and maintained duplex has a three-office suite with kitchen on the first floor and a three-bedroom apartment suite on the upper floors, both with Central air A/C. Large, two-car garage and storage is located in the rear of property with alley access (Was previously rented for storage). First floor has Electric heat pump, second floor has Oil heat with each unit having separate utilities. Full basement with plenty of room for storage. Tenants pay for electric, oil-heat (Res. unit), hot water and cable. This impressive investment opportunity is located in a quiet and clean residential area, your tenants will enjoy easy access to the main strip (Broad st.), parks, local dining and shopping, all at an amazing price. Come see for yourself.,When finished, replace keys and provide feedback. Front outside door must remain unlocked. Basement entry from rear yard Bilco doors. BE VERY CAREFUL to hold door open. The door does not stay open and will close down. 2nd FL apt. There will be a room that has a "do not disturb" sign. Tenant works nights and will be sleeping. 24 Hour Notice to show, Tenant occupied.
Location
State PA
County Lehigh
Area Bethlehem City (12303)
Zoning CL
Direction North
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Tile/Brick, Carpet
Fireplace N
Exterior
Waterfront N
Water Access N
Roof Type Flat,Pitched,Shingle
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Plaster Walls, Fire Escape,Kitchen,Refrigerator(s),Security System,Shelving,Showers
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Plaster Walls
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID 642728528458-00001
Ownership Fee Simple
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
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