Last Sold Price
5 beds4,950 sqft$101/sqft
1240 Pembroke Rd, Bethlehem, PA 18017

Description

$62,400 Gross Income, $48,520 Net Income, 10% Cap. These prideful owners have invested over $125K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $25K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their...$62,400 Gross Income, $48,520 Net Income, 10% Cap. These prideful owners have invested over $125K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $25K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Electric and heat are all separately metered and paid by the tenants. The ownership group is listing over 25 multi-family units available in addition to this property. Seller is a licensed real estate agent. PROJECTIONS with slightly higher rents come in at above $66,000 Gross. The 3-bedroom unit is on a month-to-month lease and market rent can be $2000 easily. The commercial unit is used by a great appliance team. They use it more as a supply then a showroom but it was made to have showroom and offices with bathroom and new AC/ Heating
LISTING CLOSED: 05/09/2024 12:00 AM

  1. Listed by Joshua Schoenberger • EXP Realty LLC
    P: (888) 397-7352 C: (888) 397-7352 j.s@joshlistings.com

Property Details for 1240 Pembroke Road

Status
MLS #
732646
Days on Market
25
Pet Policy
-
Taxes
$4,564 / year
HOA Fees
-
Condo/Co-op Fees
$1,500 semi-monthly
Property Type
MLS Type
Residential Income / Apartment / Detached
Year Built
1928
Senior Community
No
Subdivision Name
Not in Development

Location

Listing Courtesy of EXP Realty LLC

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Building Information for 1240 Pembroke Road

Building/Complex1240 Pembroke RdFloor-Stories2Pet Policy-Pet Policy Details-Year Built1928Building Size-

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Property Information for 1240 Pembroke Road

Summary
Location and General Information
  • Country Subdivision: 42095
  • Cross Street: Marvine St
  • Directions: Continue on West Blvd to Stefko Blvd Turn rght onto Stefko Blvd 28 sec (0.2 mi) Follow Marvine St to Pembroke Rd 1 min (0.4 mi) Turn left onto Pembroke Rd Destination will be on the right ? 12 sec (180 ft) 1240 Pembroke Rd
  • Latitude: 40.628887
  • Longitude: -75.350183
  • MLS Area Major: Freemansburg
  • Zoning: GC-GENERAL COMMERCIAL
Taxes and HOA
  • Parcel Number: N7SW4C 1 1 0212
  • Tax Annual Amount: $4,564
  • Tax Assessed Value: $52,300
School Information
  • Elementary School District: Bethlehem
  • High School District: Bethlehem
  • Middle Or Junior School District: Bethlehem
Parking
  • Parking Total: 10.0
Property
Lot Information
  • Living Area: 4950.0
  • Lot Size Acres: 0.126
  • Lot Size Area: 5500.0
  • Lot Size Square Feet: 5500.0
  • Property Attached: No
Property and Assessments
  • Year Built: 1928
Interior and Exterior Features
Interior Features
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: Yes
  • Heating: Yes
  • Stories: 2
  • Stories Total: 2
Mobile Home
Mobile Home Information
  • Human Modified: No
Multi Family
Multi Family Innformationn
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gardener Expense: $800.00
  • Gross Income: $62,160
  • Insurance Expense: $2,737.00
  • Maintenance Expense: $1,500.00
  • Net Operating Income: $48,010
  • Operating Expense: $14,150.00
  • Other Expense: $1,250.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,000.00
Unit Information
Unit 1
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Actual Rent Range: 1700.00
  • Unit Type Baths Total: 1
  • Unit Type Description: Totally renovated Commercial, LT tenant
  • Unit Type Occupant Type: Occupied
  • Unit Type Total Rent: $1,700.00
  • Unit Type Unit Num: 3
Unit 2
  • Unit Type Total Rent: $2.00
Unit 3
  • Unit Type Actual Rent Range: 1
  • Unit Type Area: 3.0
  • Unit Type Area Units: Totally renovated unit
  • Unit Type Pet Deposit Per Pet: Yes

Property History for 1240 Pembroke Road

DateEvent & SourcePriceAppreciation
May 9, 2024

Closed

GLVRMLS #732646

$501,000
May 7, 2024

Closed (Public Record)

Public Record #1531849462

$501,000
Mar 7, 2024

Pending

GLVRMLS #732646

DateEvent & SourcePrice
05/09/2024

Closed

GLVRMLS #732646

$501,000
05/07/2024

Closed (Public Record)

Public Record #1531849462

$501,000
03/07/2024

Pending

GLVRMLS #732646

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1240 Pembroke Road

Taxable ValueLand$26,300Additions$26,000Total$52,300
Tax Record2026$565 ($47 / month)
Home Facts
Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories1Lot Size5,489 SqFtStyleStoresYear Built1928ZoningGCCountyNORTHAMPTONAPNN7SW4C 1 1 0212

Schools near 1240 Pembroke Road

This home is within Bethlehem Area School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Freemansburg Elementary School
PublicK to 5

Northeast Middle School
Public6 to 8

Liberty High School
Public9 to 12

St. Anne School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1240 Pembroke Road, Bethlehem, PA 18017
$501,000
5
4,950
5,500
$150,000
1
756
8,800
$173,000
7
6,095
4
1,742
8,407
7,003
$105,000
3
1,080
8,400

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.