Off campus student housing by Lehigh University available for sale. Located across the street from Lehigh University. Property consists of 4 identical townhomes 1958 sq feet each, containing 5 bedrooms, 2 full and 1 half baths, common living and dining area, kitchen, laundry room and storage, rear deck, off street parking. Built in 1997--this is a unique property designed for students' living--wide hallways and staircases, open concept cozy common area .Oversize closets in the bedrooms. Great view of historic Bethlehem. It is an easy rental--referred by previous year students-tenants.
New roof, all units painted within last 2 years, gas heat, central air conditioning--replaced within last 5 years.
Current rental income is $156,000 per year, net income is $132,033. Next year gross income can be as high as $192,000