Join Our Next BIG Multifamily Acquisition.
Deal Overview
The Lehigh Valley Private Equity Fund, LVPEFUND, is proud to announce the acquisition of The Villas at Slatedale in Lehigh County, PA. This purchase features 6 residential units, all 2BR, 1BA, and 12 parking spaces, 6 paved, 4 covered carports, and 2 car garages. The property has been extensively renovated and converted into residential suites in 2005. Both buildings sit on 1.24 acres and offer a large area of land for potential development or expansion. Nearby amenities in Walnutport, PA, include a Giant grocery store, AutoZone, Rite Aid, Dollar Tree, and local and national restaurants. Close to recreation and popular hiking trails.
Within the first 45 - 60 days of acquisition, the fund plans to complete a series of minor interior and exterior renovations. The rents will be raised to market rates. The fund projects these units will increase from $5,200/mo to $8,600/mo. Fund projects that this property will go from a 4.67% cap rate to 9.75%.
Interested in co-owning this property with us? Schedule a 1:1 call with us to learn more.
