571 Hillside Avenue, Bethlehem, PA 18015
$575,000
Property Type:
Residential Income
Square Footage:
4,748
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$575,000
List Date:
3/19/2020
Last Modified:
3/03/2025
Description
Great Investment Opportunity! This sale, offered for the very first time, includes 2 buildings totaling 6 units within walking distance to Lehigh University. Together both properties have 14 bedrooms, 8 full baths, 1half bath, laundry room with coin operated machines, 2 car off street parking pad and a court yard for relaxation. There are 2 – 4 bedroom units, 1 - 3 bedroom unit and 3 – 1 bedroom units. Tenants pay own utilities for units rented as apartments.
More Information MLS# PM-75139
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $575,000
Current Price: $575,000
Status: Closed
Listing Contract Date: 2020-01-23
Location, Tax, and Legal
Parcel Number: P6SE1C-10-4-0204
Municipality: Bethlehem City
High School District: Bethlehem Area
Cnty&Muni Taxes (Legacy): 25578236
School Tax Amount: 4793
Tax Annual Amount: 2717.82
Tax Assessed Value: 31500
Tax Book Number: 2011-1/120740
Zoning Description: Residential
General Property Information
Stories: 2
Number Of Buildings: 2
Basement YN: No
Garage YN: Yes
Parking Total: 3
Lot Size Acres: 0.05
List Price/SqFt: 147.41
Sold Price/SqFt: 121.1
Building Area Total: 4748
Year Built: 1910
Currently Not Used
Number Of Units Total: 6
Remarks and Miscellaneous
Public Historical Remarks: Type: Single, Roof: Pitched, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code Rm-Residential, Miscellaneous: Cert of Occ Req'd No
Public Remarks: Great Investment Opportunity! This sale, offered for the very first time, includes 2 buildings totaling 6 units within walking distance to Lehigh University. Together both properties have 14 bedrooms, 8 full baths, 1half bath, laundry room with coin operated machines, 2 car off street parking pad and a court yard for relaxation. There are 2 – 4 bedroom units, 1 - 3 bedroom unit and 3 – 1 bedroom units. Tenants pay own utilities for units rented as apartments.
Income and Expenses
Gross Income: 116340
Net Operating Income: 93297
Operating Expense: 23042
Insurance Expense: 3000
Electric Expense: 6085
Trash Expense: 965
Listing Terms
Cash: 1
Conventional: 1
Disclosures
Right of First Refusal: 1
Unit 1
Unit #: 1
Actual Rent: 2450
SqFt Total: 791
Beds Total: 4
Baths Total: 2
Unit 2
Unit #: 2
Actual Rent: 2350
SqFt Total: 791
Beds Total: 4
Baths Total: 2
Unit 3
Unit #: 3
Actual Rent: 750
SqFt Total: 791
Beds Total: 1
Baths Total: 1
Unit 4
Unit #: 4
Actual Rent: 995
SqFt Total: 791
Beds Total: 1
Baths Total: 1
Unit 5
Unit #: 5
Actual Rent: 750
SqFt Total: 791
Beds Total: 1
Baths Total: 1
Unit 6
Unit #: 6
Actual Rent: 2400
SqFt Total: 791
Beds Total: 4
Baths Total: 1
Construction Materials
Brick: 1
Stone: 1
Roof
Other: 1
Cooling
None: 1
Heating
Natural Gas: 1
Water Heater
Gas: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Northampton
Street Number: 571
Street Name: Hillside
Street Suffix: Avenue
City (Post Office): Bethlehem
State: PA
Postal Code: 18015
Status Change Information
Purchase Contract Date: 2020-04-27
Close Date: 2020-06-19
Close Price: 575000
Property Features
Listing Terms: Cash; Conventional
Disclosures: Right of First Refusal
Construction Materials: Brick; Stone
Roof: Other
Cooling: None
Heating: Natural Gas
Water Heater: Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
Keller Williams Real Estate - Northampton Co
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
