903 Mechanic Street, Bethlehem City PA 18015 Photo 1 903 Mechanic Street, Bethlehem City PA 18015 Photo 2 903 Mechanic Street, Bethlehem City PA 18015 Photo 3 903 Mechanic Street, Bethlehem City PA 18015 Photo 4 903 Mechanic Street, Bethlehem City PA 18015 Photo 5 903 Mechanic Street, Bethlehem City PA 18015 Photo 6 903 Mechanic Street, Bethlehem City PA 18015 Photo 7 903 Mechanic Street, Bethlehem City PA 18015 Photo 8 903 Mechanic Street, Bethlehem City PA 18015 Photo 9 903 Mechanic Street, Bethlehem City PA 18015 Photo 10 903 Mechanic Street, Bethlehem City PA 18015 Photo 11 903 Mechanic Street, Bethlehem City PA 18015 Photo 12 903 Mechanic Street, Bethlehem City PA 18015 Photo 13 903 Mechanic Street, Bethlehem City PA 18015 Photo 14 903 Mechanic Street, Bethlehem City PA 18015 Photo 15 903 Mechanic Street, Bethlehem City PA 18015 Photo 16 903 Mechanic Street, Bethlehem City PA 18015 Photo 17 903 Mechanic Street, Bethlehem City PA 18015 Photo 18 903 Mechanic Street, Bethlehem City PA 18015 Photo 19 903 Mechanic Street, Bethlehem City PA 18015 Photo 20 903 Mechanic Street, Bethlehem City PA 18015 Photo 21 903 Mechanic Street, Bethlehem City PA 18015 Photo 22 903 Mechanic Street, Bethlehem City PA 18015 Photo 23 903 Mechanic Street, Bethlehem City PA 18015 Photo 24 903 Mechanic Street, Bethlehem City PA 18015 Photo 25

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903 Mechanic Street - Nice modern updated easy-to-rent 2-unit investment building overlooking Bethlehem Sands Casino and Steel Stacks entertainment venues. Fully occupied. Priced at a 9.3% cap rate with 14.4% cash-on-cash return assuming 75% loan-to-value financing. Shows well. Renovated units with new windows, separate electric heat and h/w heaters. Gas ranges. Low maintenance. Landlord pays only water/sewer and trash. Close to route 78, Lehigh University and bus service to NYC. Easy to finance for investors.

Listing information

  • MLS® ID: 565874
  • Beds: 2
  • Stories: 2
  • Total Square Footage: 1,088 ($101.01 per sq. foot)
  • County: Northampton
  • Style: Multi-Family
  • Baths: 2 (Full: 2 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.02
  • School District: Bethlehem
  • Year Built: 1900
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $1,651
  • Subdivision: Not in Development

Features

Area Bethlehem South
Construction Brick
Cooling No Air
Features Rewired, Storm Windows
Other Electric - 0, Gas - 0, Gross Income - 14400, Heat - 0, Net Income - 9620, Operating Expense - 4060, Other Expenses - 0, Water/Sewer - 600, Zoning Code - Rm
Parking None
Property Category Apartment Style, Row Townhouse
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Keller Williams Real Estate