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Katey Lenner

kateylsells@gmail.com +1(855) 450-0442

$ 1,500,000

Est. payment -/mo

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502 Ontario ST Bethlehem City, PA 18015

12 Beds

8 Baths

4,750 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,750 sqft

Price per Sqft $315

Subdivision Not In Development

MLS Listing ID 778912

Bedrooms 12

Full Baths 8

HOA Y/N No

Year Built 1900

Annual Tax Amount $6,402

Lot Size 0.418 Acres

Acres 0.418

Property Sub-Type Apartment

Property Description

Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, full occupancy could NET in excess of $100k. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!

Location

State PA

County Northampton

Area Bethlehem-South

Direction 378 South, bear right on Broadway, property on the left

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street, Parking Lot, On Street

Water Access Desc Public

Total Parking Spaces 10

Building

Sewer Public Sewer

Water Public

Schools

School District Bethlehem

Others

Senior Community No

Tax ID P6SW2C-18-1-0204

Special Listing Condition None

Listed by Weichert Realtors

Katey Lenner

Agent | License ID: RS352543

+1(855) 450-0442

Katey Lenner

502 Ontario ST Bethlehem City, PA 18015

Key Details

Location

Interior

Exterior

Building

Schools

Others

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502 Ontario ST