FROM SINGLE FAMILY TO 175+ BED COLLEGE HOUSING PORTFOLIO AND EVERYTHING IN BETWEEN

Newsletter Archive

12 Unit in Allentown 

12 Unit Property in Allentown - $130,620 Gross$96,100 NET.  Owner is currently charging $900 per month for the units but with some renovation, you could easily up the rent to $1,150 per unit which will put your projected numbers at $165,000 Gross, $124,200 Net which will put the property at a 12.4% Cap Rate at the asking price of $1.1MM Financed, 1MM cash

175+ BED - Student Housing Kutztown, PA

Multi-address portfolio with 11 buildings, 175+ current students under leases into 2020 + 4 commercial spaces all 100% leased. Gross =  $1,312,227.25.  Net = $887,255.92 Cap Rate 8.78% at $10.1 MM Asking Price.
 

2 Units in Allentown

301 N 2nd St 

$14k NET 10% Cap Rate at $140k Asking Price.  Fully occupied, turnkey, cash-flowing 2-unit multifamily. 

 

 

4 Units in Allentown

308 N 9th St

$39,900 Gross $30,384 Net 10% Cap Rate at $265k Asking Price 

 
Price Reduction to $225k Cash Deal with 30 Day Close  which will give you a 13.5% Cap Rate
 

3 Units in Easton

701 Wood Ave

$30k Gross $22k Net 9.7% Cap Rate at $225k Asking Price.  Fully occupied, turnkey, cash-flowing 3-unit multifamily. 

4 Units in Orefield

2205 Village Rd.

3 Residential Units, 1 Commercial Unit 12.22% Cap at asking

PRICE REDUCTION from $460K to $420K

$75,000 Gross - $56,250 Net Profit - 12.22% Cap @ Asking (Projected). Clean, turnkey, ALL-BRICK, 4-UNIT, 8,000SF, mixed 3 res + 1 commercial storefront on a .64 ACRE, corner intersection within highly desirable PARKLAND SD which demands high rents & constant tenancy.

https://www.thetgteam.com/property/610530/

3 Units in Easton

801 Ferry St 

$30k Gross $22k Net 9.7% Cap Rate at $225k Asking Price.  Fully occupied, turnkey, cash-flowing 3-unit multifamily. 

1 Unit in Easton

1205 Washington

$13,200 Gross, $10,560 Net with an 8% Cap Rate at $130k Asking Price.  Clean as a whistle, almost all new windows, new gas furnace, freshly painted with all new carpeting.  Hardwood and tile on the 1st floor, with beautiful oak bookshelves in the living/family room.  Oak cabinetry with center island sink, oak cabinetry with center island sink, tile countertops.  Full bath on 1st and 2nd floors. The 3rd-floor attic can be a 4th bedroom, and there is also a small room that can be a walk-in closet or office.  Cute fenced rear yard.

 

709 LINE ST.

4 Units $45k Gross $37k Net 11% Cap $330k Asking Price

OPEN HOUSE ON JULY 13TH, SATURDAY, FROM 2:00 - 4:00

45,600k Gross, 37,184.29 Net Income, 11% Cap Rate @ asking. CLEAN turnkey, cash flowing, 4 unit. 6000+SF multifamily asset in a pleasant neighborhood of Easton, PA. Massive potential with renovated units. ALL utilities separated INCLUDING WATER & SEWER. New roof installed in 2015, all new water heaters, all new gas-fired furnaces, new electric, newer appliances, large rooms, massive kitchens, and all-around one of the most well-maintained multi-families on the market. ALL 2BR, 1BA units. individual entrances. Washer & Dryer in each unit. LARGE 8 CAR paved parking pad. Large storage in the basement. Property type = commercial, land use = apartments, improvement type = apartment - garden. FULL DISCLOSURE - actual rents are $750.00 each BECAUSE the owner has had the same tenants for 15 years and he hasn't raised the rents in a decade. The tenants are now moving out and we are renting the units out at $950.00 each, which is market rent for a property in this location in this condition with these superior amenities and privacy, school district, etc. Add revenue by charging for parking separately as there is street parking available. 

OPEN HOUSE JULY 13TH 2-4PM.

Bethlehem 5 Unit

$78k Gross $699k Asking Price fully occupied, turnkey, cash-flowing 5-unit multifamily. 

Bethlehem 3 Unit

$43k Gross  $359k Asking Price fully occupied, turnkey, cash-flowing 3-unit multifamily. 

Bethlehem 1 Unit

$19k Gross $179k Asking Price fully occupied, turnkey, cash-flowing end unit townhome. 

Allentown Two 5 Units

$38k Net with a 10% Cap Rate at $379k Asking Price fully occupied, turnkey, cash-flowing 2 separate 5 unit properties. 

Allentown 1 Unit

$10k Net with an 11.7% Cap Rate at $85k Asking Price fully occupied, turnkey, cash-flowing 1 unity property in Allentown.

Lehighton 1 Unit

$12k Net with a 9.6% Cap Rate at $125k Asking Price fully occupied, turnkey, cash-flowing 1 unit property in Lehighton.

-- 
Contact us:
Lauren Jung - 484.515.4939, l.j@thetgteam.com
James Reardon - 484.866.2495, j.r@thetgteam.com
Office - 610.250.8905
Century 21 Keim Realtors
Suite J
2299 Brodhead Rd
Bethlehem, PA 18020
 
 

Sent via

SendPulse