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:  

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Lehigh Valley Association of REALTORS®, Inc. Real Estate listings held by brokerage firms other than Rebecca Francis are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The information being provided is 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.

© 2024 Lehigh Valley Association of REALTORS®, Inc. All rights reserved.

Data last updated 12/10/2024

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