$3,000,000
$3,100,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
5.47 Acres Lot
SOLD DATE : 01/05/2023
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PANH2003102
Sold Date 01/05/23
Originating Board BRIGHT
Year Built 1982
Annual Tax Amount $14,035
Tax Year 2022
Lot Size 5.470 Acres
Acres 5.47
Lot Dimensions 0.00 x 0.00
Property Description
THIS IS A REMARKABLE OPPORTUNITY TO AQUIRE AN APARTMENT COMPLEX THAT HAS 15 UNITS LOCATED IN 5 SEPARATE BUILDINGS LOCATED IN CONJUNCTION TO EACH OTHER ON TWO SEPARATE PARCELS. THESE UNITS ARE LOCATED IN COVETED BETHLEHEM TOWNSHIP WHICH IS IN THE HEART OF THE THRIVING LEHIGH VALLEY THAT IS CURRENTLY IN THE TOP 5 IN THE NATION FOR ECONOMIC GROWTH. THERE ARE 12 THREE BEDROOM ONE AND A HALF BATH UNITS AND 3 ONE BEDROOM SINGLE BATH UNITS. 10 OF THE THREE BEDROOM UNITS AND 2 OF THE ONE BEDROOM UNITS HAVE BEEN RECENTLY UPDATED. 4 NEW DRIVEWAY/PARKING AREAS HAVE BEEN INSTALLED. 2 BUILDINGS HAVE NEW VINYL, SOFFIT & GUTTERS. LANDLORD PAYS WATER , SEWER & TRASH. TENANTS PAY ALL OTHER UTILITIES. THIS SITE AFFORDS FANTASTIC ACCESS TO ALL MAJOR HIGHWAYS IN THE AREA SUCH AS 22, 78, 33, 248, 611 ETC. WITH EASY ACCESS TO NJ AND MANY SHOPPING AND EATERY LOCATIONS. THIS COMPLEX IS 100% LEASED OUT AND CAN EASILY ATTAIN HIGHER RENTS PER UNIT. INCOME AND EXPENSE SHEET AVAILABLE UPON REQUEST TO QUALIFIED APPLICANTS
Location
State PA
County Northampton
Area Bethlehem Twp (12405)
Zoning MDR
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit, Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 50.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 50
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID M7SE2-3-33A-0205
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Joseph E. Paranee • Paranee Property Management, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "