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638 Atlantic St
Bethlehem, PA 18015
Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 11,724 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2007 |
| Building Class | C | Parking Ratio | 0.34/1,000 SF |
| Zoning | Rm | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,724 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2007 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | Rm |
ABOUT 638 ATLANTIC ST , BETHLEHEM, PA 18015
$138,000+ GROSS OPERATING INCOME ~ 7.16% CAP WITH RESERVES ~ 30 YEAR AMORTIZATION, FANNIE MAE NON RECOURSE FINANCING AVAILABLE ~ 1.39 DEBT SERVICE COVERAGE RATIO ~ 13 RESIDENTIAL UNITS AND 4 GARAGES ~ ALL 2 BEDROOM UNITS ~ TENANTS PAY HEAT ~ FULLY OCCUPIED. Two building portfolio is comprised of 638 Atlantic St (6 units) and 639 Atlantic St (6 apartment units, 1 detached home and a 4 car garage). Tenants pay heat, property is fully occupied. Come and get in on the ground floor of the South Bethlehem development movement!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 13 | - | - |
PROPERTY TAXES
| Parcel Number | P6SE2D-14-13-0204 | Improvements Assessment | $45,500 |
| Land Assessment | $13,600 | Total Assessment | $59,100 |
PROPERTY TAXES
