413 Summit St, 655-657 Hess St, Bethlehem, PA 18015
3-Bldg/12-Bed Student Housing Portfolio

3-Bldg/12-Bed Student Housing Portfolio

413 Summit St, 655-657 Hess St, Bethlehem, PA

$450,000

HIGHLIGHTS
  • 12 Beds
  • 5 Full Baths
  • 3,482 Sq.Ft. Living
  • 1900 Year Built
  • Sold Status
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
Show MoreShow Less
Jennifer De Jesus

Jennifer De Jesus

Realtor® / Owner

FEATURES & AMENITIES

Interior

  • Total Bedrooms12
  • Total Bathrooms5
  • Full Bathrooms5

Area & Lot

  • Status Sold
  • Living Area3,482 Sq.Ft.
  • Total Area3,482 Sq.Ft.
  • TypeOTHER
  • YEAR BUILT1900
  • neighborhoodBethlehem

Financial

  • Sales Price$450,000
  • Real Estate Tax $7,351

Showing over 15% cap at full occupancy!

- Jennifer de Jesus

Bethlehem

Vibrant historic city with a packed calendar of year-round events.

NOT FINDING WHAT YOU NEED?

Click below to connect to an agent for a custom search.

Contact Us

Follow Us on Instagram