1039 Mechanic Street

1039 Mechanic Street

Bethlehem, PA 18015

$1,475,000
Price
15
Beds
9
Baths
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Description

Opportunity knocks for the investor looking for an owner friendly property with all major systems updated. Strategically located in Southside Bethlehem with easy access to all major routes. Just some of the attractions are the Steel Stacks offering many forms of entertainment, shopping and a multitude of Restaurants. These apartments appeal to the general public, students and young professionals. All tenants pay all utility. Convenience and extra income with coin op laundry and an updated rear patio...Opportunity knocks for the investor looking for an owner friendly property with all major systems updated. Strategically located in Southside Bethlehem with easy access to all major routes. Just some of the attractions are the Steel Stacks offering many forms of entertainment, shopping and a multitude of Restaurants. These apartments appeal to the general public, students and young professionals. All tenants pay all utility. Convenience and extra income with coin op laundry and an updated rear patio offer tenants an outdoor retreat and many other possibilities. The common area is remodeled. The buildings' cast iron waste lines have been replaced. The outside of the building is virtually maintenance free. Seller is offering a clear Certificate of Occupancy from the City of Bethlehem. A purpose built 9 unit solid brick building. Upside potential with increasing rents to market value. This would be a great property to add to your portfolio.
  1. Listed by Roy Sjolund • Realty One Group Supreme

Property Details for 1039 Mechanic Street

Area
Bethlehem-South
Sub division
Not in Development

Location

Listing Courtesy of Realty One Group Supreme
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LISTING UPDATED: 12/01/2023 04:30 PM

Property Details for 1039 Mechanic Street

StatusAvailable
MLS #727857
Days on Market155
Taxes$7,157 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1900
CountyNorthampton County

Location

Listing Courtesy of Realty One Group Supreme
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Building Information for 1039 Mechanic Street

Building/Complex1039 Mechanic StFloor-Stories3Residences9Pet Policy-Year Built1900Building Size-

Payment Calculator

$8,646 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$596

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1039 Mechanic Street

Summary
Location and General Information
  • Directions: 4th st to Hill st to Mechanic st
  • School District: Bethlehem
Parking
  • Parking: None
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $876.96
  • Lawn Snow Removal: $1,000
  • Maintenance Repair: $8,000
  • Management: 7153
  • Municipal Taxes: $1,554.17
  • School Taxes: $4,725.84
  • Total Taxes: $7,156.97
Property
Lot Information
  • APN: P6SE2B 1 5 0204
  • Zoning Code: RM
Property and Assessments
  • County Assessment: $81,200.00
  • Property SubType Category: Apartment Style, Detached
  • Year Built Exception: Unknown
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Ceiling Fans, Window ACs
  • Electric: 1500
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 5125
Interior and Exterior Features
Exterior Features
  • Construction: Aluminum, Brick
Interior Features
  • Baths: Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $142,404.00
  • Insurance: $3,821
  • Net Income: $99,877.00
  • Operating Expense: $42,780
  • Other Expenses: $0
  • Trash Removal: 1560
  • Total Unit Count: 9
  • Total Units: 9
Unit 1
  • Unit Total1 Bedroom: 3
Unit 2
  • Unit Total2 Bedrooms: 6

Property History for 1039 Mechanic Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1039 Mechanic Street

Taxable ValueLand$15,400Additions$65,800Total$81,200
Tax Record2024$7,177 ($598 / month)
Home Facts
Total Finished SqFt12,480 SqFtAbove Grade Finished SqFt12,480 SqFtStories1Lot Size4,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRMCountyNORTHAMPTONAPNP6SE2B 1 5 0204

Schools near 1039 Mechanic Street

This home is within Bethlehem Area School District.
Rating
School
Type
Grades
Distance
Donegan El School
Public - PK to 5
Broughal Middle School
Public - 6 to 8
Freedom High School
Public - 9 to 12
Concordia Lutheran Church & School
Private - PK to 8
Rating
School
Distance
Donegan El School
PublicPK to 5

Broughal Middle School
Public6 to 8

Freedom High School
Public9 to 12

Concordia Lutheran Church & School
PrivatePK 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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More information about 1039 Mechanic Street, Bethlehem, PA 18015

1039 Mechanic Street is a multi-family home for sale in Bethlehem, PA 18015. This property was listed for sale on November 30, 2023 by Realty One Group Supreme, it's currently listed at $1,475,000. It has been on the market for a total of 155 days and was last sold on May 14, 2021. This listing's school district is Bethlehem Area School District. Nearby schools include Donegan El School, Broughal Middle School and Freedom High School. 1039 Mechanic Street is a 15-bed, 9-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Supreme

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.