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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

Overview

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

Listing Details MLS# PM-78311

General Property Information

Building Area Total
2366
Stories
3
Number Of Buildings
Yes
Year Built
1890
Basement YN
No
Lot Size Acres
0.05
List Price/SqFt
202.87
Sold Price/SqFt
190.19

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

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2020-06-18
Listing Service
Full Service

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

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

Status Change Information

Purchase Contract Date
2020-07-31
Close Date
2020-09-17
Close Price
450000

More Information

Income and Expenses

Gross Income
48000
Net Operating Income
43790
Operating Expense
4210

Unit 1

Occupied YN
Y
Actual Rent
4000
SqFt Total
2366

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

Currently Not Used

Number Of Units Total
1

Listing Terms

Cash
Yes
Conventional
Yes

Disclosures

Right of First Refusal
Yes

Possession

Close Of Escrow
Yes

Cooling

None
Yes

Heating

Forced Air
Yes

Water Heater

Gas
Yes

Appliances

Water Heater
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Steel City Realty LLC
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.