1147 4Th StBethlehem, PA 18015

For Sale
$1,750,000

High-Yield Bethlehem Multifamily, Turnkey Ready

Overview

Added:
Feb 3
Days on market:
40
This exceptional 10-unit multifamily property, located at 1147 E 4th Street in Bethlehem, PA, presents a lucrative investment opportunity. Boasting a substantial 4,710 square feet on a 0.05-acre lot, this property generates a gross annual income of $169,800 and a net operating income of $129,551. The unit mix caters to a diverse tenant base, comprising two three-bedroom apartments, six two-bedroom apartments, and two one-bedroom apartments. Its prime location in the heart of Bethlehem offers tenants convenient access to a wealth of amenities, including numerous restaurants, the Wind Creek Casino, and an event center, all within walking distance. The property benefits from existing management, ensuring a smooth transition for new ownership. This turnkey property requires no immediate capital improvements, allowing for immediate cash flow. Note that the seller owns additional multifamily properties within a 10-mile radius, including two seven-unit buildings and another ten-unit building. This presents a unique opportunity to acquire a high-performing asset in a thriving location with potential for portfolio expansion. The asking price is $1,750,000.

Property Details for 1147 4Th St

Property type
Residential income properties, Multifamily properties
Square Feet
4,710 SF
Year Built
1900
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Bethlehem
County
Northampton
State
Pennsylvania
Latitude
40.61127
Longitude
-75.36103
1147 4Th St, Bethlehem, Pennsylvania

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1147 4Th St
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