Address
1240 Pembroke Road, Bethlehem, PA
Price
$ 480,000
Property Attributes
  • ID#732646
  • TypeMulti-Family
  • CountyNORTHAMPTON
  • CityBethlehem
  • AreaFreemansburg
  • NeighborhoodNot in Development
  • Zip18017
  • StyleApartment Style,Detached,Mixed Use
  • Year Built1928
  • Taxes$ 4563
  • Price$ 480,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage4950
  • Lot Size5,489 SqFt
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

$62,160 Gross Income, $48,010 Net Income, 10% Cap. These prideful owners have invested over $100K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $30K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Tenants pay all utilities. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS with slightly highers rents come in at above $70,000 Gross.***

Price History
2/11/2024 Listed $480,000

General Features

Sewer Public
Construction Other,Vinyl
Cooling Central AC,Wall AC
Features Hardwood,Patio,Wash/Dry Hook-ups
Water Public
Water/Sewer 2000
Subdivision Not in Development
Parking Spaces 10
County Northampton
Zoning Code GC-GENERAL COMMERCIAL
School District Bethlehem

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18017

Price
AVG $530K
$480K
Taxes
AVG $5,651
$4,563
Visits
AVG 34
26
Data Provided by Inside Real Estate®
Year Built
AVG 1907
1928