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3-Bldg/12-Bed Student Housing Portfolio

413 Summit St, 655-657 Hess St, Bethlehem, PA 18015

$450,000

DETAILS
12

Beds

5

Baths

3,482SF

Living

1900

Built

3,482 SF

Total Area

7351.05/per year

Taxes

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Jennifer de Jesus
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 spac
e, 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

Showing over 15% cap at full occupancy!

- Jennifer de Jesus

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The neighborhood: Bethlehem

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