For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Helen Tiffany Wilten • BHHS Fox & Roach - Center Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "