528 N New St | Bethlehem, PA 18018
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528 N New St
Bethlehem, PA 18018
Multifamily Property For Sale
·
21 Units
Investment Highlights
- Conversion from Office to Apartments: Property Repurposed with New Plumbing, Electrical, and HVAC
- Excellent Location: Situated in Highly Sought-After Historic District of Downtown Bethlehem
- Premium Finishes: Custom Cabinetry, Granite Countertops, Wood Plank Flooring, and Stainless Steel Appliances
- Opportunity to Increase Rents: In-Place Rents are 15% - 20% Below Market with No CapEx Required to Achieve Rental Increase
- Well Constructed: Double Wall Construction and Suspended 5/8” Drywall Ceilings Throughout for Sound Rating
Property Facts
| No. Units | 21 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 29,890 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1915 |
| Building Class | C | ||
| Zoning | 04RT | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 29,890 SF |
| No. Stories | 4 |
| Year Built | 1915 |
| Zoning | 04RT |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Linen Closet
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 703 - 779 |
| 2+1 | 9 | - | 1,033 - 1,239 |
Property Taxes
| Parcel Number | P6NE1D-15-5-0204 | Improvements Assessment | $322,500 |
| Land Assessment | $90,400 | Total Assessment | $412,900 |
Property Taxes
Parcel Number
P6NE1D-15-5-0204
Land Assessment
$90,400
Improvements Assessment
$322,500
Total Assessment
$412,900
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