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!