428 High Street

Bethlehem, PA 18018

Investment opportunity in Historic Bethlehem. Currently vacant, rents could easily gross $72k+ for this 3-unit + 4 car garage/loft. Expenses approx $18k. NOI approx $54k. Wonderful location at the intersection of Wall & High where walkability to everything exists – downtown, river, trails, restaurants, cultural events & more. This circa 1900 home is built from times of the past with 24” stone foundation & double brick exterior walls, hardwood flrs, high ceilings, custom molding, pocket doors, large & many windows. Each floor/unit has own kitchen, own bath & 1-3 BR’s. Separate entrances & separate electric. Full basement can go to either 1st floor or 2nd floor tenant. Each could have own laundry. A real bonus in this neighborhood is the 4 CAR GARAGE, plus a finished 2nd floor perfect for a studio. Updates include tankless hot water heater, tiled radiant floor heat in baths, high efficiency gas boiler, c/a, new roof. Cast iron fence surrounds a backyard w/ brick patio & raised gardens.