1147 4Th StBethlehem, PA 18015

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.