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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 699,000

Est. payment | -/mo

3,089 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

3,089 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,089 sqft

Price per Sqft $226

Lot Size 6,000 Sqft

MLS Listing ID PANH2009376

Style Other

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

Open house sunday!12-130.Fully occupied four-unit with large 2 car garage generating $68,400 in gross income and $56,881 in net income. The asset consists of three 2-bedroom apartments and one 3-bedroom apartment, offering a strong and desirable unit mix supported by consistent rental demand in the surrounding submarket. All units are currently leased, providing immediate and stable cash flow. The apartments are large in size, enhancing tenant appeal and long-term retention. Rents present clear upside potential, offering investors the opportunity to further improve performance through strategic rent adjustments. Tenants are responsible for their utilities, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, maintaining a favorable and efficient expense structure. A new fire escape has recently been installed, contributing to safety compliance and long-term asset integrity. Additional income potential is supported by a large two-car garage, which can command strong rental premiums and further increase overall revenue. The property is situated in an exceptional location near major employers and healthcare institutions, including St. Luke's Hospital, enhancing tenant demand and occupancy stability. With durable in-place income, rent-growth potential, supplemental garage revenue, and a prime location, this asset is well suited for investors seeking predictable cash flow with upside in a high-demand rental corridor.

Location

State PA

County Northampton

Area Bethlehem City (12404)

Zoning RM

Interior

Hot Water Electric

Heating Hot Water & Baseboard - Electric

Cooling None

Inclusions All owners owned appliances.

Fireplace N

Heat Source Oil

1-purchase type For Sale

Exterior

Garage Additional Storage Area, Covered Parking, Garage - Front Entry, Garage - Side Entry

Garage Spaces 2

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type Detached Garage, Off Street, On Street

Total Parking Spaces 2

Building

New Construction N

Foundation Block, Stone

Lot Dimensions 0.00 x 0.00

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

Elementary Schools Fountain Hill

Middle Schools Broughal

High Schools Liberty

School District Bethlehem Area

Others

Tax Amount $5,579

Tax Year 2025

Tax ID P6SW2B-10-28-0204

Ownership Fee Simple

SqFt Source 3089

Special Sale Standard

testyfx76

Listed by james Reardon • eXp Commercial

431 CHEROKEE ST Bethlehem, PA 18015