$347,500
$360,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
3,240 SqFt
SOLD DATE : 05/05/2025
Key Details
Sold Price $347,500
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $107
Subdivision No Subdivision
MLS Listing ID 748368
Sold Date 05/05/25
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1921
Annual Tax Amount $5,500
Lot Size 3,092 Sqft
Acres 0.071
Property Sub-Type Apartment
Property Description
This property has been completely renovated and will soon be occupied by year-to-year tenants with a conservative projected Gross of $49,200, $38,300 NET Income, and 10.5% CAP at the asking price. Owners have made a substantial financial investment into fully modernizing this 3-unit multi-family residence, renovations across all units including new windows, flooring, paint, electrical updates, new kitchens, cabinets, bathrooms, bedrooms, and updated appliances. The configuration includes two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Located in Carbon County, the property is conveniently close to highways and shopping centers. One of the owners is a RE agent
Tenants are responsible for electricity and heat. NOTE—The owners are fond of this property but have decided to sell it because they live 1.5 hours away, presenting a great opportunity for the right buyer. The property can be bought individually or as a package with 30+ other units nearby including: 3UNIT - 755 E Broad St, Tamaqua; 9Unit - 110 W Ridge st, Lansford; 4Unit 424 E Broad St, Tamaqua, Lansford; 4Unit 157 W Ridge, Lansford. Show and go. Can be FHA at 6.25%financing, 5%down, 30YR fixed.
Location
State PA
County Carbon
Area Lansford
Direction Go to Patterson st, which is route 209, turn right onto Jones st. and right onto E Bertsch st.
Interior
Heating Baseboard, Hot Water, Oil
Cooling Wall Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Parking Features Off Street, On Street
Water Access Desc Public
Porch Patio
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Panther Valley
Others
Senior Community No
Tax ID 122A3-22-M4.01
Acceptable Financing Cash, Conventional, FHA 203(k), FHA, Owner May Carry
Listing Terms Cash, Conventional, FHA 203(k), FHA, Owner May Carry
Financing Conventional
Special Listing Condition None
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1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA