MLS#PANH2010116
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLBETHLEHEM AREA
Property Description
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.41 Acres
Roof Type: Asphalt
Taxes: $6,402
Year Built: 1900
Feature Descriptions
Exterior: Brick, Vinyl Siding
Flooring: Laminate Plank
Lot Dimensions: 0.41 Acre(S)
Municipality: BETHLEHEM CITY
Parking Notes: Private
Sewer: Public Sewer
Total Garage/Parking Spaces: 10
Units: 8
Water: Public
Local Schools
School District: BETHLEHEM AREA
Listed By / Shown By
Listed By
Agency Name: Weichert Realtors
Agency Phone: 6102526666
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
502 Ontario Street | MLS# PANH2010116
This commercial property located at 502 Ontario Street , Bethlehem, PA 18015 is currently listed for sale with an asking price of $1,500,000. Ontario Street is located within the BETHLEHEM AREA school district. Search Bethlehem real estate on www.realtymark.net today.