3-Bldg Student Housing Portfolio, Bethlehem, PA 18015
$435,000
Property Type:
Residential Income
Square Footage:
3,482
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$435,000
List Date:
2/11/2020
Last Modified:
3/03/2025
Overview
Description
Listing Details MLS# PM-75545
General Property Information
- Building Area Total
- 3482
- Stories
- 2
- Number Of Buildings
- 3
- Year Built
- 1900
- Basement YN
- Yes
- Parking Total
- 9
- Lot Size Acres
- 0.18
- List Price/SqFt
- 129.24
- Sold Price/SqFt
- 124.93
Property Features
Listing Terms:
Cash; Conventional; FHA; VA Loan
Disclosures:
Right of First Refusal
Possession:
Close Of Escrow
Cooling:
Ceiling Fan(s); None
Heating:
Baseboard; Forced Air
Water Heater:
Electric
Appliances:
Water Heater
Water Source:
Public
Sewer:
Public Sewer
Parking Features:
Off Site; Paved
Road Surface Type:
Paved
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Multi Family
- Listing Contract Date
- 2020-02-11
- Listing Service
- Full Service
Location Tax and Legal
- County
- Northampton
- Street Number
- 3-Bldg
- Street Name
- Student Housing Portfolio
- City (Post Office)
- Bethlehem
- State
- PA
- Postal Code
- 18015
Remarks and Miscellaneous
- Public Historical Remarks
- Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code RM, Miscellaneous: Cert of Occ Req'd Yes
- Public Remarks
- Turnkey, Lehigh University, off campus, student housing portfolio. Consists of 3 properties/12 beds total, selling as a package. 3482 sq ft total living space. Appliances include refrigerator, oven/range, and washer/dryer. Off-street parking available at each property. Pro forma numbers showing over 15% cap at full occupancy w/ tenants paying all utilities.
Status Change Information
- Purchase Contract Date
- 2020-03-08
- Close Date
- 2020-06-19
- Close Price
- 435000
More Information
Income and Expenses
- Gross Income
- 79200
- Net Operating Income
- 69851
- Operating Expense
- 9349
- Insurance Expense
- 2000
Unit 1
- Unit #
- 413 Summit
- Actual Rent
- 3000
- SqFt Total
- 1442
- Unit Remarks
- Appliances: Oven, Wash/Dry, Frig
Unit 2
- Unit #
- 655 Hess
- Occupied YN
- Y
- Actual Rent
- 2100
- SqFt Total
- 1056
- Unit Remarks
- Appliances: Oven, Fridge
Unit 3
- Unit #
- 657 Hess
- Actual Rent
- 1500
- SqFt Total
- 984
- Unit Remarks
- Appliances: Oven, Wash/Dry, Frig
Location, Tax, and Legal
- Parcel Number
- multiple
- Municipality
- Bethlehem City
- High School District
- Bethlehem Area
- Cnty&Muni Taxes (Legacy)
- 2558.05
- School Tax Amount
- 4793
- Tax Annual Amount
- 7351.05
- Tax Assessed Value
- 85200
- Tax Book Number
- MULTIPLE
- Zoning Description
- Residential
Currently Not Used
- Number Of Units Total
- 3
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Disclosures
- Right of First Refusal
- Yes
Possession
- Close Of Escrow
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- None
- Yes
Heating
- Baseboard
- Yes
- Forced Air
- Yes
Water Heater
- Electric
- Yes
Appliances
- Water Heater
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- Off Site
- Yes
- Paved
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Steel City Realty LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
