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West End Village is a
62-unit apartment community in Bethlehem. (Contributed photo)
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A New Jersey firm continues to build its Lehigh Valley
apartment portfolio with the purchase of a Bethlehem residential property.
Larken Associates, based in Hillsborough, N.J., acquired
West End Village, a 62-unit apartment community at 1208 W. Lehigh St. in
Bethlehem for $5.1 million, according to Lehigh County assessment records.
“Bethlehem has proven to be a magnet for residents
looking to take advantage of the school system, dining and entertainment, and
universities that are all nearby,” said David Gardner, president and chief
operating officer of Larken Associates. “We like the location, it’s near the
historic area.”
West End Village is located near Lehigh University,
Moravian College and St. Luke’s Hospital and Bethlehem’s historic downtown.
The property consists of 62 units of one- and two-bedroom
apartments next to West Side Park, which has a swimming pool, tennis court,
basketball court, racquetball wall and a playground. Rents range from $730 to
$930 per month and include water and trash pick-up, as well as use of the
on-site laundry facilities.
“We are going to do improvements to the new signage, we
are going to be adding new landscaping, repairs to the parking lots, upgrades
to the lighting,” Gardner said. “Over time, we will do improvements to the
common areas and laundry facilities.”
Source: LVB.com
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