About This Home
This 0-bedroom, 0-bathroom commercial at 502 Ontario Street in Bethlehem, PA is listed for $1,500,000 ($316 per sqft). Built in 1900, the home offers 4,750 sqft of living space on a 0.42 acres lot.
Key Features
- Built in 1900
- 0.42 acre lot
- 4 stories
Property Details
Amenities
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases.
The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath.
With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
502 Ontario Street
Bethlehem, PA 18015
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 502 Ontario Street is listed at $1,500,000 ($316/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.42 acre lot, 4 stories.
This property is listed by Robert A. Hoops and can be reached at (610) 252-6666.
