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    678 Northampton Street

    Easton, PA 18042
    • $599,900
    • STATUS: Available
    • ON SITE: 15 days
    • MLS #: 648037
    UPDATED: 124 min ago
    $599,900
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,280
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    SIX UNIT INVESTMENT OPPORTUNITY on a main street in the heart of the City of Easton close to the City's festivities, restaurants and shopping. Property currently yields a 8% CAP Rate with lots of room for Asset Management for an income potential of 10% + CAP! All units are currently rented on a month to month basis but rents are below market value. Water/Sewer, Electric and Gas are all separated and paid for by the Tenants. Landlord pays oil heat but easily could be converted to gas heat with six separate gas meters already in place for gas cooking and hot water presently. Property is being sold "as is" and inspections can be done for information only. Property did obtain a City of Easton CO one year ago but buyer will be responsible to obtain a new one. Owner will sell as a package with MLS#646253

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    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-09-27T00:12:56.24.
    www.poconoshousehunting.com/homes/109926071
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    678 Northampton Street Easton, PA 18042

    • Price: $599,900
    • Status: Available
    • Updated: 124 min ago
    • MLS #: 648037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    4,280
    SQFT
    $140
    $/SQFT
    1900
    Built
    Neighborhood:
    Easton
    County:
    Northampton
    Area:
    Easton
    School District:
    Easton
    Property Description
    SIX UNIT INVESTMENT OPPORTUNITY on a main street in the heart of the City of Easton close to the City's festivities, restaurants and shopping. Property currently yields a 8% CAP Rate with lots of room for Asset Management for an income potential of 10% + CAP! All units are currently rented on a month to month basis but rents are below market value. Water/Sewer, Electric and Gas are all separated and paid for by the Tenants. Landlord pays oil heat but easily could be converted to gas heat with six separate gas meters already in place for gas cooking and hot water presently. Property is being sold "as is" and inspections can be done for information only. Property did obtain a City of Easton CO one year ago but buyer will be responsible to obtain a new one. Owner will sell as a package with MLS#646253
    Exterior Features

    Construction Brick Parking Spaces 0 Surface Type Concrete

    Interior Features

    Cooling None Heat Type GasOil

    Property Features

    Gross Income 57612 Net Income 48339 Possible Financing CashConventional Potential Use Apartments Property Sub Type Category Apartment BuildingCommercial Sewer Public Special Conditions Not Applicable Total Taxes 4596.75 Water Public Zoning Code B-Ns-Business/Neighborhood Service

    Listing provided courtesy of Slatehouse Realty.


    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-09-27T00:12:56.24.
     
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    Keller Williams Real Estate
    705 Glen Lane
    Sciota PA, 18354