Fountain Hill Boro, PA 18015,730 Lechauwecki Avenue
Fountain Hill Boro, PA 18015,730 Lechauwecki Avenue
Fountain Hill Boro, PA 18015,730 Lechauwecki Avenue
$381,000
Est. payment /mo
$379,000
0.5%
Est.Price: ?

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4 Beds
3 Baths
1,702 SqFt
SOLD DATE : 03/22/2024

Key Details

Sold Price $381,000

Property Type Commercial

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,702 sqft

Price per Sqft $223

Subdivision Not In Development

MLS Listing ID 728061

Sold Date 03/22/24

Bedrooms 4

Full Baths 3

Year Built 1945

Annual Tax Amount $4,792

Lot Size 8,599 Sqft

Property Description

Calling all investors - Exceptional multi-unit property with strong cash flow that won’t last long. This established and well-maintained 3-unit property sits high on a quiet street in Fountain Hill. Unit #1 is 2bd/1ba 1st floor, 1000 sq. ft with deck and front porch. Unit #2 1bd/1ba 2nd floor 600 sq. ft. Unit #3 ground level 1 bd/1ba 400 sq. ft. 2 of 3 units fully rented, with unit two recently being vacated and now listed for rent on 12/2 with several applications already in hand. Study of market rental rates: units have an increased potential of 15%-20%. The property is moments from Major Roadways, Hospitals, Lehigh University, and Downtown Bethlehem as well as direct access to nature, long walks, and trees just a few steps from each apartment across the street in the Historic Lechauwecki Spring Park. Tenants pay for their own electricity, water, sewer, and trash. One of the owners is a PA licensed Real Estate Broker.

Location

State PA

County Lehigh

Area Fountain Hill

Interior

Cooling No Air

Exterior

Garage None

Building

Sewer Public

Water Public

New Construction No

Schools

School District Bethlehem

Others

Financing Cash,Conventional,Exchange

Special Listing Condition Not Applicable

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Listed by BHHS Fox & Roach Center Valley
Bought with BHHS Fox & Roach Center Valley

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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