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Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $141
Subdivision Not In Development
MLS Listing ID 648648
Sold Date 12/15/20
Bedrooms 8
Full Baths 4
Year Built 1950
Annual Tax Amount $6,798
Lot Size 0.258 Acres
Property Description
An INCREDIBLE detached Brick Beauty located in desirable West Bethlehem! If you are looking for an solid investment that starts paying you on day 1, this is it! 4 very nicely renovated units w/ 2 BR's each, foyer entrance both front & back. A new gas conversion including state of the art, economical gas heater & hot water service. Electric modified to provide individual meters for each unit. Replacement windows throughout. Large basement w/ individual storage spaces/units as well as a shared laundry for tenants to utilize their own W/D. Kitchens & Bathrooms are slightly different, but fully functional & great condition! Low costs because of recent renovations, but high quality living space! Paved Parking pad & loads of street parking. Located on quiet residential street. Easily rented! Currently 3 units are occupied & open unit has lease to begin 11/1. Current cap at 8%, easily 9%+ w/ appropriate rate adjustments. Easy to maintain. Seller to provide clear CO.
Location
State PA
County Lehigh
Area Bethlehem-West
Interior
Cooling Ceiling Fan, Wall AC, Window AC
Exterior
Garage Paved Lot
Garage Spaces 5.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Bethlehem
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Homeway Real Estate