426 E 5Th Street, Bethlehem, PA 18015
$450,000
Property Type:
Residential Income
Square Footage:
2,366
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$450,000
List Date:
6/18/2020
Last Modified:
3/03/2025
Description
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. More student housing properties and packages available- please call for details
More Information MLS# PM-78311
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $450,000
Current Price: $450,000
Status: Closed
Listing Contract Date: 2020-06-18
Location, Tax, and Legal
Parcel Number: P6SE1C 4 5 0204
Municipality: Bethlehem City
High School District: Bethlehem Area
Cnty&Muni Taxes (Legacy): 1033.03
School Tax Amount: 1935
Tax Annual Amount: 2968.03
Tax Assessed Value: 34400
Tax Book Number: 2003-1/258866
Zoning Description: Residential
General Property Information
Stories: 3
Number Of Buildings: 1
Basement YN: No
Lot Size Acres: 0.05
List Price/SqFt: 202.87
Sold Price/SqFt: 190.19
Building Area Total: 2366
Year Built: 1890
Currently Not Used
Number Of Units Total: 1
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 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. More student housing properties and packages available- please call for details
Income and Expenses
Gross Income: 48000
Net Operating Income: 43790
Operating Expense: 4210
Listing Terms
Cash: 1
Conventional: 1
Disclosures
Right of First Refusal: 1
Possession
Close Of Escrow: 1
Unit 1
Occupied YN: Y
Actual Rent: 4000
SqFt Total: 2366
Beds Total: 5
Baths Total: 2
Cooling
None: 1
Heating
Forced Air: 1
Water Heater
Gas: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Northampton
Street Number: 426
Street Direction Prefix: E
Street Name: 5Th
Street Suffix: Street
City (Post Office): Bethlehem
State: PA
Postal Code: 18015
Status Change Information
Purchase Contract Date: 2020-07-31
Close Date: 2020-09-17
Close Price: 450000
Property Features
Listing Terms: Cash; Conventional
Disclosures: Right of First Refusal
Possession: Close Of Escrow
Cooling: None
Heating: Forced Air
Water Heater: Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
Steel City Realty LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
