Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1898
Sq.Footage
4,356
5 UNIT TURNKEY INVESTMENT offered 100% OCCUPIED! This property will grow in equity and rent roll over the years giving the owner peace of mind adding a key asset to their portfolio. 4 Residential units all featuring 1 Bedroom, 1 Bathroom and a 1st floor handicap accessible Commercial Rental. This property was FULLY RENOVATED AND UPDATED with OCCUPANCY starting 4/1/24 after renovations. Almost everything is 2 years old in this property. Each residential unit boasts a dishwasher, washer/dryer, gas heat, central air, stainless steel appliances, plank flooring, neutral paint and great storage. Additional areas in the building (attic and basement) that could offer more income from leasing storage spaces. Parking lot behind the building with 8 parking spots including handicap parking. Free on street parking surrounding the building on two streets as well. Gross annual income now $96,009. Cap Rate 6.46% Owner has a commercial 25 year loan for part of this purchase price that is assumable, ask the listing agent for more details. Positive cash flow even under leverage. This property looks gorgeous in photos and even better in person, LIKE NEW CONDITION - Class A Building impeccably maintained. Convenient to 378, Main St and all downtown Bethlehem has to offer for the lucky tenants. 5 separate water heaters, 6 electric services (1 House Meter), Separate HVAC each unit, One Water/Sewer Service to serve the property.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
4356.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Other Exterior Features
Lighting
-
Parking
On Street, Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.25
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Colonial
Price
-
Sales Price
$999,999
-
Tax Amount
11243.0
-
Zoning
Mixed use commercial
-
Sq. Footage
4, 356
-
Price/SqFt
$229
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Accessibility Features
Accessible Doors
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LEHIGH
Elementary School
Middle School
High School
Listing Courtesy of Stephanie M Salanik , Realty One Group Supreme
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AGENT
Chris Bollman
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