LEHIGH STUDENT HOUSING for over 20 years. This sale includes two separately deeded parcels at 657 and 659 Wyandotte St. Financial information is combined for informational purposes. Each unit has 5 bedrooms and 3 full baths plus a kitchen/dining/common area and full basement. First floor includes common area plus 1 BR/1 BTH, second and third floors each include 2 BR's/1 BTH. Units are recently inspected and are code free. Properties are generally in good condition but ARE student occupied. Owner pays only taxes and insurance, utilities are either paid by or billed back to tenants. Side street (Summitt) is a direct and level walk to the campus. Parking available on street if needed, small back yard for each home. Rents have not been increased in 5+ years. Current CAP RATE of 10% but an experienced owner can increase that swiftly.
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Listing Courtesy ofBHHS Fox & Roach - Bethlehem