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510 Broadway

Bethlehem City, PA 18015
  • $610,000
  • STATUS: Available
  • ON SITE: 33 Days
  • ID#: 730822
UPDATED: 43 min ago
$610,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
  • 4,760
    SQFT
  • $128
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

512 - 510 Broadway is a 4 unit property with opportunity for increased net income. In-Place Rents are 30% - 35% below market with no CapEx required to achieve rental increase in residential units. Tenants are long term tenants on month-to-month leases and wish to stay. All units are SEPARATELY METERED for gas, electric, and water. Tenants are responsible for ALL UTILITIES - Including lawn care and snow removal. The first floor has 2 commercial units. The right side first floor commercial unit has the potential to be split into a commercial front unit with a back efficiency unit making this a 5 unit property. There are 2 residential 2 bedroom apartments each spanning the second and third floors with 1 apt. on the left and 1 on the right side of the building. The apartments have a second access through metal fire escapes. Yard and parking for 4 cars in the back of the building. City inspection has been completed.

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© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-21T19:13:14.207.
www.assetpropertysolutionsllc.com/homes/146736632
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510 Broadway Bethlehem City, PA 18015

  • Price: $610,000
  • Status: Available
  • On Site: 33 Days
  • Updated: 43 min ago
  • ID#: 730822
4
Beds
4
Baths
2
½ Baths
0.14
Acres
4,760
SQFT
$128
$/SQFT
1900
Built
Neighborhood:
Not In Development
County:
Northampton
Area:
Bethlehem-South
School District:
Bethlehem
Property Description
512 - 510 Broadway is a 4 unit property with opportunity for increased net income. In-Place Rents are 30% - 35% below market with no CapEx required to achieve rental increase in residential units. Tenants are long term tenants on month-to-month leases and wish to stay. All units are SEPARATELY METERED for gas, electric, and water. Tenants are responsible for ALL UTILITIES - Including lawn care and snow removal. The first floor has 2 commercial units. The right side first floor commercial unit has the potential to be split into a commercial front unit with a back efficiency unit making this a 5 unit property. There are 2 residential 2 bedroom apartments each spanning the second and third floors with 1 apt. on the left and 1 on the right side of the building. The apartments have a second access through metal fire escapes. Yard and parking for 4 cars in the back of the building. City inspection has been completed.
Exterior Features

Construction Brick Parking Unpaved Lot Parking Spaces 4

Interior Features

Baths Semi Modern Cooling No AirWindow ACs Features Fire Escape Heat Type BaseboardHot WaterRadiant

Property Features

Cross Street Address Dakotah Street Electric 950 Gas 0 Gross Income 66600 Heat 0 Lot Size Source Tax Records Net Income 51159 Operating Expense 650 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Both HalvesMixed Use Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 5843.68 Water Public Water Sewer 0 Zoning Code CG-GENERAL COMMERCIAL

Listing provided courtesy of VM Realty Group LLC: .


© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-21T19:13:14.207.
 
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