Turnkey, Lehigh University off-campus housing.
Fully occupied 5-bedroom/2-full bath. Tenants pay all utilities. Appliances include washer/dryer, dishwasher, oven/range, and refrigerator. Gross rent of $48,000 for 2020-2021 school year. Pre-leased for the 2021-2022 & 2022-2023 school years with gross income of $48,000/school year. Clear CO's will be provided.
Gross Inc: $48,000
Net Inc: $43,790
Operate Exp: $4,210 (taxes, insurance, trash)