Turnkey, Lehigh University, off campus, student housing portfolio.
Consists of 3 properties/12 beds total, selling as a package.
413 Summit - parcel P6SW3B250204 - 1442 sq. ft. of living space, 5-bedrooms/2-bathrooms. Appliances include washer/dryer, fridge, oven/range.
655 Hess - parcel P6SW3B260204 - 1056 sq. ft. of living space, 4-bedrooms/1-bathrooms. Appliances include fridge & oven/rage. 3 out of 4 bedrooms currently occupied.
657 Hess - parcel P6SW3B270204 - 984 sq. ft. of living space, 3-bedrooms/2-bathrooms. Appliances include washer/dryer, fridge, oven/range.
Pro forma numbers showing over 15% cap at full occupancy w/ tenants paying all utilities.
413 Summit St: 5-bedroom/2-bathroom | $3000/mo | Vacant
655 Hess St: 4-bedroom/1-bathroom | $2100/mo | 3/4 beds occupied
657 Hess St: 3-bedroom/2-bathroom | 1500/mo | Vacant
Gross Inc: $79,200
Net Inc: $69,851
Operate Exp: $9,349 - Includes taxes & insurance