BETHLEHEM, PA (August 19, 2021) – As the real estate market in the Lehigh Valley continues to be very active, Lisa Meszler Lyon of ALT Realty of Bethlehem, Pennsylvania, recently represented the buyers of four rental properties for sales that totaled more than $1.49 million.
The properties sold were:
- 448 E. North Street, Bethlehem, PA. The seven-unit property had a 7% capitalization rate, an indication of potential return on investment.
- 630 Pawnee Street and 520 Hess Street, Bethlehem, PA. The properties were sold to the same buyer and will be renovated for student housing.
- 511-513 Third Avenue, Bethlehem, PA. Lyon represented both the buyer and seller and worked with another broker for this 4-unit property off-market deal.
“Rental properties remain good investments in the Lehigh Valley,” said Meszler Lyon, Commercial Specialist, ALT Realty. “We are constantly monitoring the local market and are available to discuss property investing for short-term or long-term holdings.”
About ALT Realty
ALT Realty is a full-service Real Estate brokerage company designed to accommodate a magnitude of client requirements. ALT Realty offers valuable real estate services and advisement for all aspects of the real estate business. ALT Realty has experience in commercial, office, residential, land development, retail, medical, warehouse, leasing and sales transactions and will assist clients with tenant and landlord representation, site analysis, construction management and development services. Since its inception in 2011, ALT Realty has grown to become one of the premier boutique real estate brokerage companies in the Lehigh Valley and has closed more than $85.5 million in sales and completed leasing transactions of more than $139.9 million in value. ALT Realty clients capitalize on long-standing relationships and market knowledge of the Lehigh Valley, spanning from developers, retailers, local hospitals and other medical service providers, engineers, architects, attorneys and other brokers. Learn more at: https://alt-realty.net/.