South Bethlehem Rental Steps from Campus – $165K Entry

Investor Deal Alert: 754 E 5th St. Bethlehem, PA
📍 Walking Distance to Lehigh University – Prime Appreciation Area

We’re excited to bring you a unique buy-and-hold opportunity in the heart of South Bethlehem, just blocks from Lehigh University. This area has seen explosive growth, steady redevelopment, and strong tenant demand thanks to the university’s presence and ongoing neighborhood revitalization. Opportunities like this don’t last long.

💸 Purchase Price: $165,000
🏠 2 Bed / 1 Bath | 988 SF
✅ Section 8 Tenant in Place – Lease Through Jan 2026
🧾 Taxes: $1,899
🛠️ Repairs: Minimal – Cosmetic Only

💰 Current Financials:
• Gross Rents: $13,200
• NOI: $7,730
• Cap Rate: 4.83%

📈 Projected Upside:
• Gross Rents: $18,084
• NOI: $11,637
• Cap Rate: 7.27%
• ARV: $185,000

🏆 Key Highlights:
• Just Blocks from Lehigh University – Strong Student & Faculty Rental Demand
• In the high-growth South Bethlehem zone – walkable, cultural, and rising values
• Section 8 approved = guaranteed rent stream
• Tenant pays all utilities – heat, electric, water/sewer, and trash
• Strong rental comps + GIS map and floorplans included

🗺️ ARV Comps & CMA Info
Links to sales and supporting data included in package

This one checks all the boxes: cash flow today, upside tomorrow, and unbeatable location in one of the most consistently appreciating micro-markets in the entire Lehigh Valley. With minimal updates, this property becomes a 7%+ cap deal with built-in equity and long-term value backed by institutional-level demand.

If you've been looking for a smart BRRRR or long-term hold in a walkable, university-anchored neighborhood—this is it.

📞 Schedule a Walkthrough or Submit Your Offer Today
The Morrow Wargo Group
📱 484-791-6200
📩 admin@morrowwargo.com