Pending
Under Agreement
57 East Garrison Street
Bethlehem City PA, 18018
$1,250,000
$305.70 per sqft
Pending
Under Agreement
12 Beds
6 Baths
4,089 sqft
Residential
Built in 1900
**Key Features of the Property**
1. **Prime Location**:
- Situated in highly desirable North Bethlehem.
- Walking distance to the historic district and downtown amenities, including shops, restaurants, and nightlife.
- Attractive for tenants seeking convenience and city-style living.
2. **Unique Layout**:
- Four separate addresses under one deed, offering tenants more privacy and less of a traditional apartment feel.
- Features two decks with city views, adding outdoor living space for tenants.
3. **Strong Financials**:
- Fully leased with tenants paying top market rent.
- Stable cash flow due to high demand and qualified tenants.
- Low taxes (approximately $5,000 annually) help maximize profit margins.
4. **Low Maintenance**:
- Equipped with high-efficiency single-unit heaters and a gas backup hot water furnace, reducing utility and maintenance costs.
- Turn-key property requiring minimal capital expenditures for the new owner.
5. **Additional Revenue Potential**:
- Newly installed laundry room provides an opportunity for adding coin-operated machines to generate supplemental income.
6. **Ready for Sale**:
- Can be conveyed with a clear Certificate of Occupancy with a competitive offer, ensuring a hassle-free transaction.
749221
MLSⓇ ID
November 27, 2024
Listed
December 10, 2024
Updated
Map
57 East Garrison Street
Bethlehem City PA, 18018
Interior Features
Total Stories
3
Bedrooms
12
Total Bathrooms
6
Full Bathrooms
6
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.05 Acres
Sewer
Public Sewer
School Information
School District
Bethlehem
Other Property Details
Area Name
Bethlehem-North
Taxes
$5,001
Tax Frequency
Annually
Garage
No
View
No
County
Northampton
Water Source
Public
Pool
No
Zoning
CB
Listing History
Date | Event | Price |
---|---|---|
12/10/2024 | Pending | — |
Courtesy of CENTURY 21 Pinnacle with Frank J. Renaldi, Jr.,
Listing Contact:
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Data last updated 12/10/2024