Investor Alert!

Real Estate Auction
Saturday, March 27th at 11am
4 Lehigh University Off Campus Student Rental Homes
Located 1/2 block from campus

425 Montclair Ave Guaranteed to be Sold at or above $100,000

Open House for all 4 Properties Auction Day 10am.

Properties located at 425, 429, 435 & 467 Montclair Ave, Bethlehem, Pa.

425 Montclair Ave: 2200 SF brick row home with 5 bedrooms, 2 full baths, gas forced air heat, off street parking for 4 cars, taxes $ 2,320.11 lot 17’x110. This property will be sold with a Minimum Opening Bid of only $100,000... Great opportunity to buy! 3 Properties on this block each sold for $150,000 just last year.                                      
Rent: $1,050 June 1, 2009 through May 31, 2010... June 1, 2010 through May 31, 2011 $1925 projected.  Utilities paid by tenant; water, sewer, electric, gas, phone, internet. Utilities paid by landlord; trash, basic cable.
                                  

429 Montclair Ave: 1936 SF brick row home with 5 bedrooms, 2 full baths, oil forced air heat, off street parking for 4 cars, taxes $ 2,154.86, lot 17’x110’.
Rent: $985 June 1, 2009 through May 31, 2010... June 1, 2010 through May 31, 2011 $1925 projected. Utilities paid by tenant; water, sewer, electric, oil, gas, phone, internet.  Utilities paid by landlord; trash, basic cable.

435 Montclair Ave: 1748 SF brick end of row home with 4 bedrooms, 1 full baths,
gas forced air heat, 2 car garage, taxes $ 2,194.52, lot 21’x110’.
Rent: $1,500 June 1, 2009 through May 31, 2010... June 1, 2010 through May 31, 2011
$1540 actual. Utilities paid by tenant; electric, gas, phone, internet.
Utilities paid by landlord; water/sewer, trash, basic cable, alarm monitoring.

467 Montclair Ave: 1800 SF brick end of row with 5 bedrooms, 1 full bath,
oil radiator heat, off street parking for 4 cars, taxes $ 2,141.64, lot 19’x110’
Rent: $1,625 June 1, 2009 through May 31, 2010... June 1, 2010 through May 31, 2011
$1925 projected. Utilities paid by tenant; electric, gas, phone, internet.
Utilities paid by landlord; water/sewer, trash, basic cable, alarm monitoring.

Refrigerators, stoves, washers and dryers stay with properties. 

NOTE: Projected income is based on student rentals of $385 per student per month.  Purchaser's are invited to secure student rentals for 425, 429 and 467 Montclair Ave after auction.  Please Call if you have questions.

Directions: From Broadway turn on Montclair Ave (next to Wendy's Restaurant), all properties will be on the left side of the road.

All potential buyers are invited to view and inspect the property during the published open house dates.

All auctions are held on-site rain or shine. In the event of a snow storm please check our web site to see if the auction has been postponed or call 610-428-7075.

Summary of Terms & Conditions: 10% deposit day of sale by personal check, settlement within 40 days.  Full terms & conditions available at the open house preview.  There is NO buyers premium at this auction.

Note: The owner/seller of this property has moved and chosen to market this property at auction to quicken the selling process.  

LEGAL NOTICE AND DISCLAIMER: The information contained in this web site is deemed to be reliable, but is not guaranteed. You should independently verify the information regarding the real estate that interests you. Neither the Seller nor Tom Hall Auctions, Inc. shall be responsible for any errors, misinformation, misprints or other mistakes. This information is subject to change without notice.