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57 E Garrison Street

BETHLEHEM, PA 18018
  • $1,349,000
  • STATUS: Active
  • ON SITE: 166 Days
  • ID#: PANH2002680
UPDATED: 157 min ago
$1,349,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

COMPLETELY RENOVATED 6-UNIT in highly DESIRABLE NORTH BETHLEHEM. This property is located within walking distance of Bethlehem's famous historic district and downtown shops, restaurants and night life. There are four addresses on one deed which provides additional privacy and less of an apartment feel for the tenants. The building provides opportunities for two great decks with views of the city lights and creates additional living space for the tenants. This TURN-KEY property has everything an Owner needs for immediate cashflow, 18 month leases with top market rent and highly qualified tenants looking for NYC-style living. Owner gets low CAP-EX with high efficiency electric heaters (tenants love low electric bills & Owner has NO HVAC maint.) And low taxes! You get it all with this building - location, long term leases with qualified tenants, a newly installed laundry room -add coin-op machines and add revenue. PROPERTY COMES WITH A CLEAR CERTIFICATE OF OCCUPANCY.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-30T23:49:46.567.
www.newhometeammd.com/homes/132211052
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57 E Garrison Street BETHLEHEM, PA 18018

  • Price: $1,349,000
  • Status: Active
  • On Site: 166 Days
  • Updated: 157 min ago
  • ID#: PANH2002680
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1900
Built
Neighborhood:
North Bethlehem
County:
Northampton
Area:
Bethlehem City (12404)
School District:
Bethlehem Area
Property Description
COMPLETELY RENOVATED 6-UNIT in highly DESIRABLE NORTH BETHLEHEM. This property is located within walking distance of Bethlehem's famous historic district and downtown shops, restaurants and night life. There are four addresses on one deed which provides additional privacy and less of an apartment feel for the tenants. The building provides opportunities for two great decks with views of the city lights and creates additional living space for the tenants. This TURN-KEY property has everything an Owner needs for immediate cashflow, 18 month leases with top market rent and highly qualified tenants looking for NYC-style living. Owner gets low CAP-EX with high efficiency electric heaters (tenants love low electric bills & Owner has NO HVAC maint.) And low taxes! You get it all with this building - location, long term leases with qualified tenants, a newly installed laundry room -add coin-op machines and add revenue. PROPERTY COMES WITH A CLEAR CERTIFICATE OF OCCUPANCY.
Exterior Features

Construction Materials Vinyl Siding Garage YN No Parking Types On Street Property Condition Excellent Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4089.00 Cooling None Heating Baseboard - ElectricHot Water & Baseboard - Electric Heating YN Yes Inclusions All Appliances Owned By Seller Will Be included in Property Sale. Net Square Feet 4089.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 9960.00 Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street School Street Electric 100 Amp Service Electric Expense 600.00 Gross Income 114096.00 Heating Fuel Electric Hot Water Natural Gas Insurance Expense 3800.00 Lease Considered YN No Municipality Bethlehem City Navigable Water YN N Net Operating Income 104136.00 New Construction YN No Number Of Units Total 6 Operating Expense Includes InsuranceElectricSewerTrashWater Original MLSNumber 801802077364 Owner Pays Common Area MaintenanceRepairsSewer MaintenanceTaxes - Real EstateWaterTrash Collection Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4849.00 Tax Assessment Amount 55300.00 Tax Lot P6ne1a Total Actual Rent 110796.00 Transportation Airport Less Than 10 Miles Trash Expense 2160.00 Utilities Natural Gas Available Vacation Rental YN No Water Source Public Year Built Effective 2022 Zoning Cb

Listing courtesy of Keller Williams Real Estate - Bethlehem: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-30T23:49:46.567.
 
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