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6-Unit FULLY OCCUPIED Apartment Complex

556 Carlton Ave, Bethlehem, PA 18015

$495,000

DETAILS
1

Garage Spaces

4,804SF

Living

1900

Built

2,460SF

Lot

4,804 SF

Total Area

4530/per year

Taxes

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Jennifer de Jesus
Fully occupied 6-Unit Apartment Complex with solid history of occupancy.

Located in South Bethlehem on the door-step of Lehigh University. This property features (5) 1-bedroom apartments, (1) 2-bedroom apartment, and 1-car garage that is occupied by current long-term tenant. Tenants pay electric and gas (cooking). LL pays water/sewer/trash/gas heat. Clear CO will be provided.

Unit 1: 1-bedroom/1-bathroom | Occupied | $680/mo | Oven/Range, Refrigerator
Unit 2: 2-bedroom/1-bathroom | Occupied | $750/mo | Oven/Range, Refrigerator
Unit 3: 1-bedroom/1-bathroom | Occupied | $761
/mo | Oven/Range, Refrigerator
Unit 4: 1-bedroom/1-bathroom | Occupied | $788/mo | Oven/Range, Refrigerator
Unit 5: 1-bedroom/1-bathroom | Occupied | $785/mo | Oven/Range, Refrigerator
Unit 6: 1-bedroom/1-bathroom | Occupied | $865/mo | Oven/Range, Refrigerator
Garage: Occupied | $50/mo

Trash Rem: $552 (actual)
Lawn/Snow: $420
Electric: $1,413 (actual)
Heat: $2,995 (actual)
Water/Sewer: $1,897 (actual)
Insurance: $2,104 (actual)
Operate Exp: $13,911

Gross Inc: $56,148 (actual)
Net Inc: $42,237 (actual)

Excellent investment opportunity with solid history of occupancy

- Jennifer de Jesus

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The neighborhood: Bethlehem

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