Bethlehem, PA 18017,1240 PEMBROKE RD
Bethlehem, PA 18017,1240 PEMBROKE RD
Bethlehem, PA 18017,1240 PEMBROKE RD
Bethlehem, PA 18017,1240 PEMBROKE RD
Bethlehem, PA 18017,1240 PEMBROKE RD
Bethlehem, PA 18017,1240 PEMBROKE RD
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$501,000

$501,000

Est.Price: ?

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Est. payment /mo

1,248 SqFt


SOLD DATE : 05/09/2024

Key Details

Sold Price $501,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $401

MLS Listing ID PANH2005182

Sold Date 05/09/24

Originating Board BRIGHT

Year Built 1928

Annual Tax Amount $4,576

Tax Year 2022

Lot Size 5,500 Sqft

Acres 0.13

Lot Dimensions 0.00 x 0.00

Property Description

$62,400 Gross Income, $48,520 Net Income, 10% Cap. These prideful owners have invested over $125K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $25K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Electric and heat are all separately metered and paid by the tenants. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS with slightly higher rents come in at above $66,000 Gross.*** The 3-bedroom unit is on a month-to-month lease and market rent can be $2000 easily. The commercial unit is used by a great appliance team. They use it more as a supply then a showroom, but it was made to have showroom and offices with bathroom and new AC/ Heating

Location

State PA

County Northampton

Area Freemansburg Boro (12412)

Zoning GC

Interior

Hot Water Electric

Heating Baseboard - Electric, Zoned, Baseboard - Hot Water

Cooling Central A/C, Multi Units

Heat Source Electric, Oil

Exterior

Garage Spaces 8.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Bethlehem Area

Others

Tax ID N7SW4C-1-1-0212

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by james J Reardon • eXp Commercial
Bought with james J Reardon • eXp Commercial
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