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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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Bought with BHHS Fox & Roach Center Valley