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

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Jennifer De Jesus

Realtor® / Owner

Phone

Email

[email protected]

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.

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