Successful Exit 16-Unit Apartments in Allentown, PA
Overview
The Lehigh Valley Private Equity Fund, LVPEFUND purchased the 16-Unit Susquehanna St. Apartment Building in Allentown, PA. The property features 16 units in 2 neighboring buildings, 8 units within each, 12-car paved parking spots, individual patios, balconies, and located on a corner lot.
Within the first 45 - 60 days of acquisition, the fund began executing a series of interior and exterior renovations to the property before re-renting to new tenants at an average of $1,300/month generating roughly $250,000 in rental income. Having almost reached 100% occupancy, this acquisition allows LVPEFUND to maintain its preferred return and continue to reach our target returns.
Units: 16
Breakdown: 2 BR, 1.5BA
Year Built: 1972
Year renovated: Updates throughout the years, latest units updated in 2012
Parking spaces: 16
Zoning: R-M-MEDIUM DENSITY RESIDENTIAL
Bedrooms: 32
Full Bathrooms: 16
Half Bathrooms: 16
Size: 14,198 square feet
Note: All 16 units have 2 Bedrooms, 1.5 Baths and are very spacious.
Interested in co-owning this property with us? Schedule a 1:1 call with us to learn more.
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of The Posofa Apartments, located in Landsford, PA.
We are excited to announce our latest acquisition: a prime 10-unit multifamily property in the heart of downtown Bethlehem.
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of The Posofa Apartments, located in Landsford, PA.
Join our new acquisitions of two Lansford properties that boast of a combined total of 16 cash-flowing units generating around $260,000 gross with a blended Cap rate of approximately 16%.
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of The Posofa Apartments, located in Landsford, PA.
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of The Posofa Apartments, located in Landsford, PA.
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of the Ridge Apartments, located in Landsford, PA.
The fund recently purchased tthe Susquehanna St. Apartments in Allentown, PA as part of its buy and hold strategy. All 16 units have 2 Bedrooms, 1.5 Baths and are very spacious.