1901 Willow Park Road
Property Description
Fully occupied two-unit investment property generating $45,600 in gross income and $35,438 in net income. The property includes two large 2-bedroom units, offering a strong rental setup with spacious layouts and steady tenant demand. Both units are in great condition, and Apartment 1 has been fully redone with updated floors, fresh paint, a renovated kitchen, and quartz countertops. The property also includes two garages, creating an opportunity for additional rental income. Tenants are responsible for their utilities, while landlord expenses are limited to water/sewer/trash, helping keep operating costs low. The property also features new gas boiler, adding efficiency and reducing near-term maintenance concerns. Located in desirable Bethlehem Township, the property offers convenient access to Routes 22, 33, and I-78, making it easy to travel throughout the Lehigh Valley. It is also minutes from St. Luke's Anderson Campus, Northampton Community College, shopping, dining, and everyday amenities. With large updated units, garage income potential, low landlord expenses, and a strong Bethlehem Township location, this property is perfect for an owner-occupant or investor looking for a solid investment in a great area.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $474,900 |
| No. of Units: | 2 |
| Year Built: | 1940 |
| Lot Size: | 2,318.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $237,450 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-LVARPA-780698
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