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321 MONROE ST
BETHLEHEM, PA 18017

$1,650,000 
  • -- Beds
  • -- Baths
  • Residential Income | Apartment Style
  • Available
321 MONROE ST, BETHLEHEM - 214796535
321 MONROE ST, BETHLEHEM - 214796536
321 MONROE ST, BETHLEHEM - 214796537
321 MONROE ST, BETHLEHEM - 214796538
321 MONROE ST, BETHLEHEM - 214796539
321 MONROE ST, BETHLEHEM - 214796540
321 MONROE ST, BETHLEHEM - 214796541

Property Description for 321 MONROE ST, BETHLEHEM PA 18017

The Monroe Street building is a beautifully restored school house converted to a 15 unit apartment complex. It was originally built in 1891, and was later converted to apartments in the 1980s, when it underwent a gut renovation and new electrical, HVAC, and PVC plumbing were installed. Current ownership renovated 11 of 12 apartments in this building with Shaker-style kitchen cabinets with wire racks, granite countertops, subway tile back-splash, stainless steel appliances and ceramic tile bathrooms. All windows were replaced in 2014. The Monroe Building contains an excellent unit mix of four, one-bedroom units, four, two-bedroom units and four, three bedroom units. The three-unit, garden style building adjacent to the Monroe Building underwent the same renovations, with the same finishes, and a new roof was installed in November of 2016. The property consists of three, one-bedroom apartments, all of which have private entrances.

  • Property Class: Investment Property
  • Listing Status: Available
  • City: BETHLEHEM
  • State: PA
  • Zip: 18017
  • Area: 06 – Freemansburg
  • County: Northampton
  • Class: Residential Income
  • Property Subtype: Apartment Style
  • Baths (F/H): -- / --
  • Year Built: 1891
  • Listing#: 554216
  • School District: Bethlehem
  • Association: Lehigh Valley MLS
  • List Date: 8/2/2017
  • Last updated on: 8/18/2017

Property Features for 321 MONROE ST, BETHLEHEM PA 18017

  • Construction: Brick, Stone, Vinyl
  • Property Sub Type Category: Apartment Style, Converted
  • Cooling: Window Ac
  • Parking: Paved Lot
  • Water: Public
  • Sewer: Public

Additional Information for 321 MONROE ST, BETHLEHEM PA 18017

  • Electric: 3190
  • Heat: 6420
  • School District: Bethlehem
  • Water Sewer: 8773
  • Gross Income: 179990.00
  • Net Income: 138024.00
  • Operating Expense: 41967
Courtesy of RITTENHOUSE REALTY ADVISORS
Copyright 2017, Lehigh Valley AOR. All Rights Reserved.
Based on information from the Lehigh Valley Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed.