715 E 7th Street, Bethlehem, PA 18015
$1,500,000
Property Type:
Commercial Sale
Square Footage:
13,728
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$1,500,000
List Date:
11/27/2020
Last Modified:
2/28/2025
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 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!
More Information MLS# PM-82990
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $1,500,000
Current Price: $1,500,000
Status: Closed
Listing Contract Date: 2020-11-10
Location, Tax, and Legal
Parcel Number: P6SE2D-13-17-0204
Municipality: Bethlehem City
High School District: Bethlehem Area
Cnty&Muni Taxes (Legacy): 3458.3
School Tax Amount: 64700.78
Tax Annual Amount: 9929.09
Tax Assessed Value: 115200
Tax Book Number: 2013-1/330146
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 13728
Building Area Source: Public Records
Stories: 3
Year Built Source: Other
Lot Size Acres: 0.26
List Price/SqFt: 116.55
Sold Price/SqFt: 109.27
Building Area Total: 13728
Year Built: 1969
Remarks and Miscellaneous
Public Historical Remarks: Level: Multi, Miscellaneous: Zoning Code Rm-Residential
Public Remarks: 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!
Listing Terms
Cash: 1
Conventional: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Possession
Negotiable: 1
Current Use
Residential: 1
Possible Use
Residential: 1
Investment: 1
Multi-Family: 1
Construction Materials
Brick: 1
Roof
Flat: 1
Cooling
None: 1
Heating
Electric: 1
Natural Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Northampton
Street Number: 715
Street Direction Prefix: E
Street Name: 7th
Street Suffix: Street
City (Post Office): Bethlehem
State: PA
Postal Code: 18015
Status Change Information
Purchase Contract Date: 2020-12-11
Close Date: 2021-02-25
Close Price: 1500000
Property Features
Listing Terms: Cash; Conventional
Owner Pays: Water; Sewer; Trash Collection
Possession: Negotiable
Current Use: Residential
Possible Use: Residential; Investment; Multi-Family
Construction Materials: Brick
Roof: Flat
Cooling: None
Heating: Electric; Natural Gas
Water Source: Public
Sewer: Public Sewer
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
Steel City Realty LLC
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.

