715 E 7th Street, Bethlehem, PA 18015
$1,500,000
Property Type:
Commercial Sale
Square Footage:
13,728
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$1,500,000
List Date:
11/27/2020
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-82990
General Property Information
- Above Grade Finished Area
- 13728
- Building Area Total
- 13728
- Building Area Source
- Public Records
- Stories
- 3
- Year Built
- 1969
- Year Built Source
- Other
- Lot Size Acres
- 0.26
- List Price/SqFt
- 116.55
- Sold Price/SqFt
- 109.27
Property Features
Listing Terms:
Cash; Conventional
Owner Pays:
Water; Sewer; Trash Collection
Possession:
Negotiable
Current Use:
Residential
Possible Use:
Residential; Investment; Multi-Family
Construction Materials:
Brick
Roof:
Flat
Cooling:
None
Heating:
Electric; Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Road Frontage Type:
City Street
Road Surface Type:
Paved
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2020-11-10
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Northampton
- Street Number
- 715
- Street Direction Prefix
- E
- Street Name
- 7th
- Street Suffix
- Street
- City (Post Office)
- Bethlehem
- State
- PA
- Postal Code
- 18015
Remarks and Miscellaneous
- Public Historical Remarks
- Level: Multi, Miscellaneous: Zoning Code Rm-Residential
- Public Remarks
- Fully occupied 12 unit building in South Bethlehem! The building consists of 6- 1 BR apartments, 6- 2BR apartments, on-site coin-operated laundry, additional storage area, security cameras, fire monitoring and a large parking lot for tenants. Tenants pay electric and the Landlord pays water, sewer and trash. Many capital improvements have already been made! Each lease is a yearly lease with an automatic 5% increase built in and an automatic 1 year renewal. All security deposits are in place. This property has had superb cash flow over the years and still has some upside available. This would be an easy addition to your portfolio and is perfectly situated between the Casino and Lehigh University. If you are looking for 12 units under one roof, don't miss this one!
Status Change Information
- Purchase Contract Date
- 2020-12-11
- Close Date
- 2021-02-25
- Close Price
- 1500000
More Information
Location, Tax, and Legal
- Parcel Number
- P6SE2D-13-17-0204
- Municipality
- Bethlehem City
- High School District
- Bethlehem Area
- Cnty&Muni Taxes (Legacy)
- 3458.3
- School Tax Amount
- 64700.78
- Tax Annual Amount
- 9929.09
- Tax Assessed Value
- 115200
- Tax Book Number
- 2013-1/330146
- Zoning Description
- Commercial
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
Possession
- Negotiable
- Yes
Current Use
- Residential
- Yes
Possible Use
- Residential
- Yes
- Investment
- Yes
- Multi-Family
- Yes
Construction Materials
- Brick
- Yes
Roof
- Flat
- Yes
Cooling
- None
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Steel City Realty LLC
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
