$2,500,000
$2,595,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
30 Beds
15 Baths
20,752 SqFt
SOLD DATE : 08/15/2024
Key Details
Sold Price $2,500,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,752 sqft
Price per Sqft $120
Subdivision Not In Development
MLS Listing ID 738993
Sold Date 08/15/24
Bedrooms 30
Full Baths 15
Construction Status Unknown
HOA Y/N No
Year Built 1980
Annual Tax Amount $18,062
Lot Size 1.470 Acres
Acres 1.47
Property Sub-Type Apartment
Property Description
A notable property revitalized to brand new! 34 8th St is an apartment complex spanning 4 buildings and a separate 4 unit garage bay. This property bolsters 14 fully occupied units. Current owners remodeled the entire complex under UCC and NIC code at the end of 2023. Well craftsmanship and design can be seen as each unit has Luxury Vinyl Plank flooring, Ceramic Tile, New Kitchens with Custom Shaker Cabinets, Granite Countertops, Large New Windows, New and Updated Appliances (Microwave, Range, Refrigerator), and all Brand New Roofs. The lot was also given a new top coat of asphalt. These buildings have a total of 9 single bay garages, one of which is a double bay, and 2 large garages that can be used for warehousing/contractor space. The large garages are not in use and can be rented for a large amount of additional income. There is a laundry room that has been roughed in and could be used for additional income. Just needs venting and sheet rocked w/ finishes. It gets better, this property also comes with an adjoining 2 acres (N Broadway Tax ID: E8 25 1A 0638) The land could potentially be used to add more units or opportunities. All units pay their own electric while the Landlord is responsible for trash, water/sewer and lawncare. This is a sound investment for anyone looking to add a new and strong cash-flowing property to their portfolio. Expenses are very low and maintenance is minimal due to everything being newly updated. Listing Agent has ownership in property.
Location
State PA
County Northampton
Area Wind Gap
Direction On 33 N take Wind Gap Exit. Follow Broadway until you pass Turkey Hill. Take left on 8th St across from Ken's Auto. Property on your right.
Interior
Heating Baseboard, Electric
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Built In, Detached, Garage
Water Access Desc Public
Total Parking Spaces 30
Garage Yes
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Pen Argyl
Others
Senior Community No
Tax ID E8 9 5 0638
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition None
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Bought with Coldwell Banker Heritage R E
"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