$235,000
$230,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,809 SqFt
SOLD DATE : 04/26/2024
Key Details
Sold Price $235,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,809 sqft
Price per Sqft $129
Subdivision Not In Development
MLS Listing ID 733248
Sold Date 04/26/24
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1914
Annual Tax Amount $3,757
Lot Size 1,176 Sqft
Acres 0.027
Property Sub-Type Townhouse
Property Description
Calling all savvy investors! This meticulously maintained twin single-family home in Bethlehem presents an exceptional opportunity for generating passive income. Currently rented at $1,803 per month with tenants responsible for all utilities, this property yields a substantial net income of $17,100 annually after expenses of $4,536. Priced competitively at $230,000, this investment boasts an impressive 7.4% cap rate, making it a standout choice in the area. With desirable features including hardwood floors, carpet, and ceramic tile, as well as stainless steel appliances, this property is sure to attract long-term tenants. Additionally, the finished basement with a bar and laundry room with washer and dryer add to its appeal. Don't miss out on this lucrative opportunity to add a high-performing asset to your portfolio in Bethlehem!
Location
State PA
County Lehigh
Area Bethlehem-West
Direction From W broad st heading East, turn right onto 5th ave, left onto prospect then immediate right onto Franklin, home on the right.
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Bethlehem
Others
Senior Community No
Tax ID 642736366168001
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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Bought with Morganelli Properties LLC
"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