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1137 E 3rd St - 2 to 3 unit Investment Property

1137 E 3rd Street, South Bethlehem, PA 18015

$150,000

Under Agreement!
14.4% CAP RATE
$23400 Gross yearly Income
DETAILS
6

Beds

2

Baths

4

Garage Spaces

2,018SF

Living

1900

Built

0.05Acres

Lot

2,018 SF

Total Area

2175/yr

Taxes

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Jennifer de Jesus
2 unit owner occupant and investor opportunity.
Live in 1 and rent out the other and have your mortgage paid or add this property to your portfolio. Unit 1 front is a VACANT 4 bedroom (no walk-through) 1 bathroom apartment that feels like a home as it stretched 3 stories tall. Gas baseboard heat and electric hot water heater. Updated and ready for immediate occupancy. Unit 2 Rear is an OCCUPIED 2 bedroom (no walk-through) 1 bathroom apartment with 1 car off street parking included. Gas baseboard heat and elect

"4 bedroom 1st floor layout is GREAT! "

ric hot water heater. Currently occupied to a friend, month to month, below market value! Potential 3rd income through garage rent at $200 a month. Garage can fit 3 cars and has a tall 2nd floor. Garage has rough plumbing connecting to the city sewer line! Potential to be a 3rd apartment on top of garage and use the garage space for the additional parking. Buyer is responsible to check with Zoning. Gross income $23,400 (projected) - net is $18,844.33 = 14.4% CAP.

Unit 1 is ready to be occupied.

- Emanuel de Jesus

AMENITIES

View
Basement
Open Kitchen
Detached Garage
Open Floor Plan



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The neighborhood: Bethlehem

Vibrant historic city with a packed calendar of year-round events.