3 Beds
2 Baths
1,232 SqFt
3 Beds
2 Baths
1,232 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $264
Subdivision Not In Development
MLS Listing ID 780551
Bedrooms 3
Full Baths 2
Construction Status Unknown
HOA Y/N No
Year Built 1915
Annual Tax Amount $2,502
Lot Size 2,526 Sqft
Acres 0.058
Lot Dimensions 21.23 x 124.84
Property Sub-Type Apartment
Property Description
The property currently generates $33,393.48 in gross annual rental income, with verifiable operating expenses of $7,377.17, resulting in a Net Operating Income (NOI) of $26,016.31. At the asking price of $325,999, the property offers an attractive 8% capitalization rate.
The property underwent substantial improvements in 2018 (verify year if different), including:
Electrical system upgrades
New roof
Two new natural gas boilers
New water heaters
Interior renovations
Exterior improvements
These updates have contributed to a low-maintenance ownership experience.
Buy with confidence—the property is being sold with:
A clear City of Bethlehem pre-sale inspection
A two-year roof certification
Documentation of recent boiler cleaning and servicing
Schedule your private tour today.
Location
State PA
County Lehigh
Area Bethlehem-West
Direction From Main St go W Broad St and go west through downtown Bethlehem then Turn left onto 8th Ave. to W Marke St and Turn right onto W Market St. for about 1 mile. Till you Arrive at 1849 W Market St, which will be on your right.
Interior
Heating Gas, Hot Water, Radiator(s)
Cooling Ceiling Fan(s), None
Flooring Hardwood
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Available
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Bethlehem
Others
Senior Community No
Tax ID 641778916883-1
Security Features Smoke Detector(s)
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania 18018, USA