$475,000
$550,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
3,255 SqFt
SOLD DATE : 02/01/2024
Key Details
Sold Price $475,000
Property Type Condo
Sub Type Apartment Style,Detached,Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,255 sqft
Price per Sqft $145
Subdivision Not In Development
MLS Listing ID 726685
Sold Date 02/01/24
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1910
Annual Tax Amount $5,746
Lot Size 4,800 Sqft
Property Description
$60K ACTUAL Gross, $49K Net, 8.91%+ CAP @ Asking. This turnkey multi-family investment comes with a CLEAR Certificate of Occupancy & 3 (three) renovated apartments & 6 (six), single-car garages, across three structures, on one parcel, with the potential to build. The 1st building is a 1900 SF single-family home with 3/4BRs, 1.5 BA, with a brand-new kitchen, new paint, updated floors, 1st FL wash/dryer & significant upgrades throughout. The 2nd & 3rd buildings each hold 1-BR/1BA apartments with three (3) individual car garages below (totaling 6). Both 1BR apartments are being completely gutted & remodeled with Brand NEW paint, flooring, stainless appliances, washers/dryers, updated electric, etc. Ten-year-old roof. All utilities are separated & paid by the tenant. Across the ST from Luis Ramos Elementary, Jackson Childhood Cntr, & walking distance to LV Hospital, CVS, & other amenities.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Wall AC
Exterior
Parking Features Garage
Garage Spaces 6.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA