Description
Excellent visibility combined with superior income make this property a must see. Consider: projected rents based on average 1 and 2 bed rentals ($1,091 and $1,261/ mo. respectively) in S. Bethlehem since 1/21. Commercial ($1,000/mo.) based on actual seller lease to business. Cap rate based on these figures of just under 9% (including management fee!) ALL utilities ( gas and electric) separately metered for each unit. With the flexibility to operate a business on the main floor and have the upper units pay for the property, or lease the entire building, your choice is easy.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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3,264SQFT
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$96$/SQFT
Description
Excellent visibility combined with superior income make this property a must see. Consider: projected rents based on average 1 and 2 bed rentals ($1,091 and $1,261/ mo. respectively) in S. Bethlehem since 1/21. Commercial ($1,000/mo.) based on actual seller lease to business. Cap rate based on these figures of just under 9% (including management fee!) ALL utilities ( gas and electric) separately metered for each unit. With the flexibility to operate a business on the main floor and have the upper units pay for the property, or lease the entire building, your choice is easy.
© 2023 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 Smart Way America Realty. Data last updated 2023-02-04T20:12:58.493.