Description
Fantastic investment opportunity to own off-campus student housing. Located 5 blocks from Lehigh's campus, this is an ideal residence for students from Lehigh U. and nearby colleges (Penn State LV, De Sales U, etc.). 5 BR 2 full bath brick home, featuring 9' high ceilings, brand new kitchen (2021) with granite countertops, and beautiful tile backsplash. Notable upgrades include an new gas furnace (2018), keyless digital door lock (2021), smart thermostat (2021), stainless steel appliances (2021), new laminate flooring/ new carpet (2021) and more. Rental pricing projected at $520/student ($2,600/month total). $20,000+ in upgrades done in the past year to reduce maintenance costs for the future. Current lease runs through 6/30/2022. Existing tenants may renew lease for next school year; otherwise, buyer will select replacements. Maximum of 5 tenants allowed by Bethlehem City ordinance limits. Schedule your showing today!
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5BEDS
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0.04ACRES
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2BATHS
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01/2 BATHS
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2,016SQFT
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$124$/SQFT
Description
Fantastic investment opportunity to own off-campus student housing. Located 5 blocks from Lehigh's campus, this is an ideal residence for students from Lehigh U. and nearby colleges (Penn State LV, De Sales U, etc.). 5 BR 2 full bath brick home, featuring 9' high ceilings, brand new kitchen (2021) with granite countertops, and beautiful tile backsplash. Notable upgrades include an new gas furnace (2018), keyless digital door lock (2021), smart thermostat (2021), stainless steel appliances (2021), new laminate flooring/ new carpet (2021) and more. Rental pricing projected at $520/student ($2,600/month total). $20,000+ in upgrades done in the past year to reduce maintenance costs for the future. Current lease runs through 6/30/2022. Existing tenants may renew lease for next school year; otherwise, buyer will select replacements. Maximum of 5 tenants allowed by Bethlehem City ordinance limits. Schedule your showing today!
© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-05-19T08:12:58.267.