715 East 7th Street

Bethlehem, PA 18015

$1,500,000
Last Sold Price
18
Beds
12
Baths
13,728 Sq. Ft.
$109 / Sq. Ft.
13,728
Sq. Ft.
$109
per Sq. Ft.

Description

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...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!
  1. Listed by Jennifer L. DeJesus • Steel City Realty
  2. Listed by Asia Smith • Steel City Realty

Property Details for 715 East 7th Street

Area
Bethlehem-South
Sub division
Not in Development

Location

Listing Courtesy of Steel City Realty

Sold By EXP Realty LLC

Add your commute
LISTING UPDATED: 03/09/2021 01:27 PM

Property Details for 715 East 7th Street

StatusSold & Settled
MLS #653863
Days on Market31
Taxes$10,035 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1969
CountyNorthampton County

Location

Listing Courtesy of Steel City Realty

Sold By EXP Realty LLC

Add your commute

Virtual Tour

Building Information for 715 East 7th Street

Building/Complex715 E 7th StFloor-Stories-Residences12Pet Policy-Year Built1969Building Size-

Payment Calculator

$9,022 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$836

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 715 East 7th Street

Summary
Location and General Information
  • Directions: Merge onto PA-378 S. Slight left onto 2nd St Ramp. Turn left onto W Packer Ave. Turn right onto Fillmore St. Turn left onto Hillside Ave. Turn left onto Jefferson St. Slight right onto E 7th St. Destination will be on the left
  • School District: Bethlehem
Parking
  • Parking: Paved Lot
  • ParkingSpaces: 14
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $1,359.36
  • Lawn Snow Removal: $1,000
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $2,204.93
  • School Taxes: $6,470.78
  • Total Taxes: $10,035.07
Virtual Tour
Property
Lot Information
  • Acres: 0.261
  • APN: P6SE2D 13 17 0204
  • Lot Size Source: Tax Records
  • Zoning Code: RM-RESIDENTIAL
Property and Assessments
  • County Assessment: $115,200.00
  • Property SubType Category: Apartment Style, Commercial
  • Square Footage Source: Tax Records
Utilities
  • Cooling: No Air
  • Electric: 1700
  • Gas: $810
  • Sewer: Public
  • Water: Public
  • Water Sewer: 3600
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric, Gas
Multi Family
Multi-Family Information
  • Gross Income: $127,860.00
  • Insurance: $2,906
  • Net Income: $106,055.00
  • Operating Expense: $21,805
  • Other Expenses: $0
  • Trash Removal: 1860
  • Total Unit Count: 12
  • Total Units: 12
Unit 1
  • Unit Total1 Bedroom: 6
Unit 2
  • Unit Total2 Bedrooms: 6

Property History for 715 East 7th 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 715 East 7th Street

Taxable ValueLand$22,400Additions$92,800Total$115,200
Tax Record2024$10,183 ($849 / month)
Home Facts
Total Finished SqFt13,728 SqFtAbove Grade Finished SqFt13,728 SqFtStories1Lot Size11,360 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningRMCountyNORTHAMPTONAPNP6SE2D 13 17 0204

Schools near 715 East 7th Street

This home is within Bethlehem Area School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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

Holy Infancy 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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Listing Courtesy of Steel City Realty

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.