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Key Details
Sold Price $381,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,702 sqft
Price per Sqft $223
MLS Listing ID PALH2007412
Sold Date 03/22/24
Style Dwelling with Rental,Traditional,Other
Abv Grd Liv Area 1,702
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $4,779
Tax Year 2022
Lot Size 8,599 Sqft
Acres 0.2
Lot Dimensions 78.17 x 110.00
Property Description
Please submit ALL OFFERS by TUESDAY at 3pm. 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 Boro (12308)
Zoning MHDR
Interior
Hot Water Electric
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Off Street
Garage N
Building
Foundation Brick/Mortar, Block
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental, Traditional, Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID 642608498303-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Helen Tiffany Wilten • BHHS Fox & Roach - Center Valley
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