Four unit in North Bethlehem (1 Commercial and 3 Residential) plus 3 car garage provides a nice return. First floor currently approx 2, 100 sq ft restaurant w/hardwood floors, 2 dining areas plus small private room and waiting area. 2 restrooms. Upper levels include One 2 bedroom recently updated unit and Two 1 bedroom units. All separate utilities, except water/sewer which owner splits w/ commercial unit. New Gas HVAC for first floor and new baseboard electric heat for the 3 residential units. 4 new hot water heaters and 5 new electric panel boxes (1 for owner lights). Recent clean inspections for rentals with resale CO to be provided by owner. Check with City of Bethlehem for the various commercial uses and opportunity zone benefits. Cap rate at listing price just under 7%. Raising rents to market rates brings cap rate over 9%. For more details: https://realtyww.info/homes_central-bethlehem-d41385/for-sale_i31077496
Extra Information for 216 E Broad St Bethlehem, PA
- Seller Type: By Owner
- Category: Single-Family Houses
- Amenities: Parking,Wood Floors
- Listed Date: Oct 15, 2021
