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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,902 sqft
Price per Sqft $120
Subdivision Not In Development
MLS Listing ID 733311
Sold Date 04/16/24
Bedrooms 7
Full Baths 3
Year Built 1890
Annual Tax Amount $5,275
Lot Size 4,526 Sqft
Property Description
Highest and Best due by Friday 3/1@ Noon. Nestled in the heart of Fountain Hill near St. Luke's Hospital, this fully occupied 3-unit investment property offers residents the convenience of a prime location in a quiet neighborhood. Well-maintained property ensures that both current and future tenants can enjoy a comfortable and inviting living space. This property is fully occupied, providing a stable and consistent rental income for investors targeting prime locations. All leases are 1 year leases with full deposits. Leases all renew at 5% annual increases. Tenants pay electric and their proportionate share of water/sewer/trash and oil heat. Unit 2 handles lawn/snow care. Landlord pays common area electric and gas for cooking and hot water only. New oil boiler installed in 2024.
Location
State PA
County Lehigh
Area Fountain Hill
Interior
Cooling No Air
Exterior
Garage Spaces 2.0
Building
Story 2.5
Sewer Public
Water Public
New Construction No
Schools
School District Bethlehem
Others
Financing Cash,Conventional,FHA
Special Listing Condition Not Applicable
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Bought with BetterHomes&GardensRE/Cassidon