Sold
Address
917 Mechanic Street, Bethlehem City, PA
Price
$ 177,000
Property Attributes
  • MLS#716538
  • TypeMulti-Family
  • CountyNORTHAMPTON
  • CityBethlehem City
  • Zip18015
  • Style
  • Price$ 177,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1536
  • Lot Size1,089 SqFt
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

Calling all investors. Established, well-maintained 2-unit property with long-term tenants and excellent payment history. Property is located in the sought-after South Bethlehem (Northamption County) within walking distance to the Casino, outlet shopping and premium restaurants. It is also located close to the South Side development zone with tons of new development and thriving businesses centered around the famous Steel Stack. The property has 2 one-bedroom units. All utility is separated. Tenant pays all utilities except water, sewer and taxes. All units have long term tenants. Main roof installed in 2022.Unit 1 lease is month-to-month. Unit 2's kitchen counter, since faucet, and bathroom faucet was replaced in Q1 of 2023. Bedroom and living rooms are freshly painted. The building has an updated 200Am electrical system with low maintenance electrical heat. Current rent for all units are below market due to rapid rent increase in the area. Cap rate over 10%. Selling as is.

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
$180K

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