713 Broadway, Bethlehem, PA 18015

Property Description

This fully occupied 2-unit in south Bethlehem is an easy addition to your portfolio or a great starter investment property. The annual gross income is $36,000 and net $30,256. Unit 1 is a 2-Bedroom apartment on the 1st floor with rent for $1,500 per month. it offers a living room, 2 bedrooms, a full bath and a kitchen, and lots of storage space in basement. Unit 2 offers 2 bedrooms, a full bath and the kitchen on the 2nd floor; there’re 2 heated rooms on 3rd floor, also rented for $1,500 per month. Tenants pay their electric and heat, Landlord only pays the water/sewer/trash bills. This money-making property has made lots of improvements including fresh paint exterior and partial interior, new front porch roof, two 8 feet baseboard heaters and new side entry doors in unit1, new whole basement insulation, two new water heaters. Each unit has its own alternative entrance access the back yard leading to Pawnee St. Unit 1 tenant takes care of cutting grass. Backyard offers quiet relaxing outdoor space for both tenants. Great location, close to Lehigh University, Wind Creek casino and easy access to Rt. 278 & 22.