SOLID 10.5% NET RETURN ON THIS SINGLE- DETACHED STUDENT HOUSING INVESTMENT THAT BACKS UP TO LEHIGH UNIVERSITY PROPERTY. THIS HOME WAS COMPLETELY GUTTED AND REDONE SINCE 2009 INCLUDING NEW ELECTRIC, PLUMBING, NEW POURED CONCRETE PATIO IN THE REAR, RETAINING WALL, DRIVEWAY, NEW WINDOWS, SIDING AND ROOF. YOU NAME IT, IT WAS DONE!!! THE ROOF WAS RAISED TO EXPAND THE THIRD FLOOR AN ALLOW FOR 5 GENEROUSLY SIZED BEDROOMS AND 2 FULL BATHROOMS. RENTED UNTIL JUNE 2018 @ $3000 A MONTH WITH TENANTS PAYING ALL UTILITIES EXCEPT TRASH. THIS PROPERTY HAS HAD CONSISTENT OCCUPANCY SINCE 2009. THIS IS NOT YOUR TYPICAL STUDENT HOUSING RENTAL AND IS WORTHY OF YOUR INSPECTION. NEXT DOOR 2- FAMILY FOR SALE LISTED UNDER MLS# 563970 AND CAN BE SOLD AS A PACKAGE DEAL.
Off market
Zestimate®
$454,600
Meade St, Bethlehem, PA 18015
5beds
2,000sqft
Multi Family, Single Family Residence
Built in 1900
-- sqft lot
$454,600 Zestimate®
$227/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 18, 2022 at 08:55am
Listed by:
Jennifer L. DeJesus 610-217-6330,
Coldwell Banker Hearthside
Bought with:
Tammi Bateman, RL003614
SVN / Imperial Realty
Source: GLVR,MLS#: 563960
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved, Parking Lot
Features
- Stories: 3
Lot
- Size: 0.26 Acres
Details
- Parcel number: P6SE1C1750204
- Zoning: IP
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Bethlehem
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell with ease on Zillow
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$454,600
2% more+$9,092
With Zillow Showcase(estimated)$463,692