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6-Bldg Student Housing Portfolio - Lehigh Univ.

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$2,454,000
$2,670,000

7-Building Portfolio
Leased through May 2021
All Buildings Have Clear CO's
DETAILS
1900

Built

18334.5/mo

Taxes

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Jennifer de Jesus
Rare opportunity to purchase a turnkey, Lehigh University off campus housing portfolio.

Consists of 6 properties/30-beds, selling as package or open to selling individually. All buildings have Clear CO’s. Fully-occupied and currently renting for 2021-2022 Year. Gross rent $279,600 for 2020-2021 school year.

Gross Inc: $279,600
Net Inc: $256,700
Operate Exp: $22,900 (Includes Ins, Trash, Taxes)

216 E 5th St | $3,900/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator
218 E 5th St | $3,900
/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator
301 E 5th St | $3,800/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator
303 E 5th St | $3,900/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator
429 E 5th St | $3,900/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator
431 E 5th St | $3,900/mo | Occupied | Dishwasher, Oven/Range, Washer/Dryer, Refrigerator

All buildings are within walking distance to Lehigh University

- Jennifer de Jesus

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