938 4Th St, Bethlehem, PA 18015
24 Unit Apartment Building | $7,000,000 ($291,667/Unit) | 6.20% Cap Rate | Bethlehem, PA 18015
For Sale
Active
7 pictures
Asking Price $7,000,000
- Property Type
-
Multifamily
- Square Feet
- 26,165 SF
Listing Contacts
- Property Info
Property Overview
City Views is a 24-unit, newly constructed luxury apartment building located in the heart of Bethlehem. Bethlehem sits at the center of the Lehigh Valley — one of the fastest-growing regions in the Northeast. The Lehigh Valley Region, Allentown, Bethlehem, and Easton, have seen tremendous amounts of capital invested in their cities as the region has undergone an extreme revitalization. This year, Forbes magazine ranked Bethlehem as one of the top 25 places in the Country to retire.
City Views is one of the more beautiful, unique buildings in the Lehigh Valley. Understanding the importance of curb appeal, Monocacy Builders utilized a former Hungarian Church to be the face of the property. The developer saved the front half of the church, maintaining the historic architecture and character. The church now houses a fitness center and lounge for tenants with the newly constructed apartments adjoining the back of the church.
Currently 100% occupied, City Views consists of (8) one-bedroom and (16) two-bedroom units with open floor plans and picturesque views. Each unit boasts high-end finishes, including granite counters, elegant gray soft-close cabinets, and a sophisticated European-style tile backsplash. Further, each apartment unit features under-mount kitchen sinks, gas cooking, split-door refrigerators, kitchen island seating, and recessed lighting.
The property is located in highly sought-after Northampton County, Pennsylvania. It is convenient to Interstates 78 and 476, State Routes 378, 33, and 512, and US Highway 22, providing tenants with accessibility to easily move in whichever direction they choose. These arteries allow residents easy access to top employers in the immediate area including St. Luke’s Hospital, the Lehigh Valley Health Network, Wind Creek Casino and Resort, Lehigh Valley International Airport, Lehigh University, and Amazon among others.
City Views is an exceptional investment opportunity for commercial real estate investors seeking growth and stability in one of the fastest-growing stable markets in Pennsylvania.
City Views is one of the more beautiful, unique buildings in the Lehigh Valley. Understanding the importance of curb appeal, Monocacy Builders utilized a former Hungarian Church to be the face of the property. The developer saved the front half of the church, maintaining the historic architecture and character. The church now houses a fitness center and lounge for tenants with the newly constructed apartments adjoining the back of the church.
Currently 100% occupied, City Views consists of (8) one-bedroom and (16) two-bedroom units with open floor plans and picturesque views. Each unit boasts high-end finishes, including granite counters, elegant gray soft-close cabinets, and a sophisticated European-style tile backsplash. Further, each apartment unit features under-mount kitchen sinks, gas cooking, split-door refrigerators, kitchen island seating, and recessed lighting.
The property is located in highly sought-after Northampton County, Pennsylvania. It is convenient to Interstates 78 and 476, State Routes 378, 33, and 512, and US Highway 22, providing tenants with accessibility to easily move in whichever direction they choose. These arteries allow residents easy access to top employers in the immediate area including St. Luke’s Hospital, the Lehigh Valley Health Network, Wind Creek Casino and Resort, Lehigh Valley International Airport, Lehigh University, and Amazon among others.
City Views is an exceptional investment opportunity for commercial real estate investors seeking growth and stability in one of the fastest-growing stable markets in Pennsylvania.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 5
- Lot Size (sq. ft)
- 13,939 SF
- Units
- 24
Highlights
- New Construction: Turnkey Opportunity; Little to No Deferred Maintenance
- Excellent Occupancy: Currently 100% Occupied, Elevator-Serviced Building
- Desirable Unit Mix: 33% One-Bedroom; 67% Two-Bedroom Units
- High-End Premium Finishes & Appliances: Granite Countertops, Stainless Steel Appliances, Kitchen Island with Seating, and Designer Tile Backsplash
- Sought-After Location: Located in the Heart of Bethlehem
- Access to Major Arteries: Interstates 78 and 476, State Routes 378, 33, and 512, and US Highway 22
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