Sold
Address
1183 Mechanic Street, Bethlehem City, PA
Price
$ 85,000
Property Attributes
  • MLS#709029
  • TypeMulti-Family
  • CountyNORTHAMPTON
  • CityBethlehem City
  • Zip18015
  • Style
  • Price$ 85,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,045 SqFt
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

This lot is perfect for development of 2-4 multi-unit which must be approved by City of Bethlehem. Plans have been presented for pre-approval and architectural drawings are available. While approval is taking place, four garages are currently cash flowing at $600/month. There is also an immediate opportunity to turn parking lot into 16 spaces -- approval necessary -- and rent at an additional $50/month. Potential gross income is $1,400 a month. Super low taxes. GREAT location for future South Bethlehem growth and positioned within walking distance of the new site for proposed South Bethlehem water park. South Bethlehem is experiencing massive growth and new apartments development.

Price History

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 18015

Price
AVG $460K
$90K

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