801 West Broad Street, Bethlehem City, PA 18018

• 4 beds |
• 5 baths |
• 4,356 sqft

Property Description

5 UNIT TURNKEY INVESTMENT offered 100% OCCUPIED! This property will grow in equity and rent roll over the years giving the owner peace of mind adding a key asset to their portfolio. 4 Residential units all featuring 1 Bedroom, 1 Bathroom and a 1st floor handicap accessible Commercial Rental. This property was FULLY RENOVATED AND UPDATED with OCCUPANCY starting 4/1/24 after renovations. Almost everything is 2 years old in this property. Each residential unit boasts a dishwasher, washer/dryer, gas heat, central air, stainless steel appliances, plank flooring, neutral paint and great storage. Additional areas in the building (attic and basement) that could offer more income from leasing storage spaces. Parking lot behind the building with 8 parking spots including handicap parking. Free on street parking surrounding the building on two streets as well. Gross annual income now $96,009. Cap Rate 6.46% Owner has a commercial 25 year loan for part of this purchase price that is assumable, ask the listing agent for more details. Positive cash flow even under leverage. This property looks gorgeous in photos and even better in person, LIKE NEW CONDITION - Class A Building impeccably maintained. Convenient to 378, Main St and all downtown Bethlehem has to offer for the lucky tenants. 5 separate water heaters, 6 electric services (1 House Meter), Separate HVAC each unit, One Water/Sewer Service to serve the property.

Listing Status:

Active

Listing Office:

Realty One Group Supreme : (610) 321-3730

MLS ID:

769142

Interior

• A/C: Central Air
• Heating: Forced AirGas

Exterior

• Parking: Parking LotOn StreetParking spaces: 8

Construction

• General: Vinyl Siding2

Location

• Originating MLS: HIGH_LHI
• School District: Bethlehem
• County: Lehigh

Lot

• Zoning: CI642728425561 001

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: HIGH_LHI

This listing courtesy of Realty One Group Supreme