Allentown, PA, United States, 29th Mar 2024, King NewsWire – Lehigh Valley Private Equity Fund (LVPEF) continues its strategic expansion in the Lehigh Valley region with the recent acquisition of Tanglewood Apartments in Bethlehem for a total of $1.5 million, including expenses. The purchase, finalized on February 4, marks another significant investment in the local real estate market, demonstrating LVPEF’s commitment to addressing the growing demand for housing in the area.
Situated at 2066 Chester Road, adjacent to Freedom High School and East Hills Middle School, Tanglewood Apartments offers nine rental units across a total area of 10,340 square feet, constructed in 1971. The property comprises seven 2-bedroom and two 1-bedroom units, all currently fully occupied by reliable tenants, as stated by Tejas Gosai, a representative of LVPEF.
Gosai expressed enthusiasm about the acquisition, highlighting the property’s prime location, proximity to essential amenities such as schools and churches, and recent renovations. “It’s one of our best acquisitions to date,” he remarked, emphasizing LVPEF’s confidence in the investment.
The purchase of Tanglewood Apartments aligns with LVPEF’s overarching strategy to capitalize on the region’s robust real estate market, characterized by increasing demand for housing. “The local Lehigh Valley market is still supported by strong demand for single-family homes and apartments,” stated LVPEF’s website, underscoring the favorable market conditions driving the fund’s investment decisions.
With a portfolio encompassing properties in Allentown, Bethlehem, and Easton, LVPEF remains committed to pursuing further opportunities for growth. “We own properties in Allentown, Bethlehem, and Easton,” Gosai affirmed, indicating the fund’s ongoing expansion efforts.
LVPEF’s investment approach emphasizes the consistent generation of high yields while safeguarding individual investor ROI through targeted investments in the Lehigh Valley sub-market. The fund remains open to accredited investors meeting specific wealth and income criteria, with a minimum investment requirement of $50,000.
For more information about LVPEF and its investment opportunities, please visit LVPEF’s website or check https://www.rei.mba/market-intel/lvpe-fund-buys-apartment-building-near-freedom-hs
Media Contact
Organization: Lehigh Valley Private Equity Fund
Contact Person: Tejas Gosai
Website: https://www.lvpefund.com/
Email: Send Email
City: Allentown, PA
Country: United States
Release Id: 29032410771
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