This offering is a portfolio of 5 residential rental properties all located on the South Side of Bethlehem Pennsylvania. There are a total of 11 residential units, and 5 garage units. Strategically located in the South side of Bethlehem - home to 2 universities, a casino, arts and cultural centers and in the center of a 43+billion dollar GDP region growing by leaps and bounds. With new development marching into this geographically bound area this portfolio represents an opportunity to dramatically increase your net income. As a stabilized portfolio performing at an 8.11% capitalization rate you can choose to reposition this portfolio over the long term or immediately. Properties for sale include: 414 Pawnee St, Bethlehem, PA 18015; 709 Itaska St, Bethlehem, PA 18015; 629 Itaska St, Bethlehem, PA 18015; 625 Itaska St, Bethlehem, PA 18015; 623 Itaska St, Bethlehem, PA 18015. The Lehigh Valley’s GDP ranks 66th out of the 384 largest metropolitan areas in the United States, and is larger than that of the entire states of Vermont ($28.5 billion) and Wyoming ($32.8 billion). If the Lehigh Valley were a country, its economy would be the 90th largest in the world. Take advantage of a competitive rental market with access to students and professionals alike. Now is the time to build your portfolio in this high growth region.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th April, 2021 2:17 AM