The residential component of this offering includes eight apartments: four 1-bedroom units and four 2-bedroom units. Tenants are responsible for their own electricity, which covers both cooking and hot water. Additionally, the two lower-level units also pay for their own heat, while the owner provides heat for the remaining six… Read More apartments, as well as water, sewer, and trash service for all eight units. Recent upgrades include the installation of a high-efficiency, gas-fired, direct-vent condensing boiler (Evergreen Series EVG-299, 95.5% AFUE) with outdoor reset control, along with baseboard electric heaters in the two lower-level units. Five of the eight apartments have been renovated, offering a value-add opportunity for a new owner to renovate the remaining three and increase rental income. The commercial portion of the property is currently leased to La Esquina de Jorge Restaurant. The lease includes 3% annual rent increases (the next scheduled increase begins August 1, 2025) and requires the tenant to cover all maintenance and utility expenses, except for water/sewer, which is billed back at $75 per month. Read Less
Courtesy of Dan Russoli, Coldwell Banker Hearthside - Bethlehem [email protected]
Listing Snapshot
Days Online
103
Last Updated
Property Type
Mixed Use
Lot Size
0.21 Acres
Year Built
1914
MLS Number
PALH2012416
30 Days Snapshot Of 18109
$245k
0%
(avg) sold price
9
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,985 net sqft, Built in 1914, 9 units in building, 3 levels in building, Brick
Cooling
None, Window Unit(s)
Expenses
Annual Heating Expense: $2,968, Electric Expense: $641, Insurance Expense: $7,138, Maintenance Expense: $5,602, Operating Expense: $34,762, Other Expense: $1,124, Heating/Cooling, Insurance, Management Fees, Pest Control, Sewer, Trash, Water, Electric
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