502 Ontario Street, Bethlehem City, PA 18015

$1,500,000
Active for Sale
12 Beds
8 Baths
4750 SF
Built In 1900
 
Listing ID 11840967
Property Type House
County Northampton
Township Bethlehem-South
Total Tax $6,402
FEMA Flood Map fema.gov/portal
Year Built 1900
   
Virtual Tour

12 BR | 8 BA | Bethlehem City

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 Details
  • 12 Total Bedrooms
  • 8 Full Baths
  • 4750 SF (AG)
  • 4750 SF (Total)
  • 0.42 Acres
  • Built in 1900
Taxes and Fees
  • $6,402 Total Tax
Listed By
Weichert, Realtors - Easton
Office: 610-252-6666
Mobile: 484-548-8334
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