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34578150

57 E Garrison Street, Bethlehem, PA 18018-4025 For Sale

JD
PA PA RM423820
Steel City Realty
Listed by Steel City Realty
$1,250,000
3 days on market
Updated 0 days ago
Opportunity zone

57 E Garrison Street

Details
APN P6NE1A-22-11-0204
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,089
Units 6
Beds 11
Cap Rate 7.49%
NOI $93,649
Occupancy 83.33%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $306
Year Built 1900
Buildings 1
Acreage 0.046
Zoning 04CB
Investment Type Stabilized

Multifamily | 6 Units | $208,333/unit

Marketing description

Prime North Bethlehem Investment Opportunity! Located in highly desirable North Bethlehem, this unique multifamily property is just steps from the Historic District, downtown restaurants, shopping, and entertainment, making it an attractive option for tenants. Featuring four separate addresses under one deed, the property offers residents added privacy with the feel of individual homes rather than a traditional apartment building. Two private decks with city views provide desirable outdoor living space. Tenants pay all utilities, helping keep operating expenses low. A newly added laundry room provides an excellent opportunity to generate additional income with coin-operated machines. Immediate lease-up potential and a prime location in one of Bethlehem's strongest rental markets, this property offers an outstanding opportunity for investors seeking both current income and future upside.

Investment highlights

  • Newly renovated.
  • Tenants pay all utilities.
  • Code compliant.
  • Downtown Bethlehem.
  • Coin Operated Laundry

Listing Contacts

JD
PA PA RM423820
Steel City Realty
Listed by Steel City Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$93,649.00
$7,804.08/mo

Valuation Metrics

0
DSCR
7.49%
Cap Rate
7.49%
ROI

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Additional Information

Name
Jennifer DeJesus
License
PA RM423820
Brokerage Phone
4848959005
Brokerage Address
456 Union Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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