$900,000
$999,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1039-1043 MECHANIC ST Bethlehem, PA 18015
12,480 SqFt
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,480 sqft
Price per Sqft $72
MLS Listing ID PANH107574
Sold Date 05/14/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,073
Tax Year 2021
Lot Size 4,400 Sqft
Acres 0.1
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
Add this turnkey, 9-unit building in Bethlehem to your portfolio today! Most units have been renovated over the last few years. The building consists of 4, 1-bed apartments; 5, 2-bed apartments and on-site coin-operated laundry. All leases are a yearly lease with an automatic 5% increase built in and an automatic 1 year renewal. All security deposits are in place. This property has had superb cash flow over the years and still has some upside available. Tenant pays: Electric Landlord pays: Water/Sewer/Trash, Snow/Ice Removal, and & Common area electric.
Location
State PA
County Northampton
Area Bethlehem City (12404)
Zoning RM
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID P6SE2B-1-5-0204
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 Jennifer de Jesus • Steel City Realty
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