*Just a few blocks from the Center Circle in downtown Easton is 679-681 Northampton St* 6 Unit fully occupied building with long term tenants, ranging from 2-20 years* An additional 5 car garage and additional off street parking in the rear* Building will be sold with a clear Certificate of Occupancy from the City of Easton* $75,000 in recent renovations.* $124,000 yearly gross income based on a projected Pro-Forma with a 9.33% Cap Rate* All tenants pay for their own electric and gas/electric cooking* Seller has owned this building for many years and has not kept up with the current market rents* All of the tenants are on a month to month lease* Three story rear porches have been updated with new railings and soffit* New roofing on the main building and garages has just been installed with a 20 year warranty* All updated windows* Updated and monitored fire alarm system including a Knox Box with back-up interior and exterior lighting* Recently installed new gas boiler with a summer/winter hookup* There are two large sections of the walk-out basement, one for each side of the building currently used by the owner, that could possibly be rented for storage for additional income, check with the city* There is a laundromat next door for tenant convenience* Tenants require 24-48 hour notice for all showings*
| MLS # | 783986 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 44 |
| Listing Provided By | IronValley RE of Lehigh Valley | Mario Castanhas |
| Bed(s) | 15 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 6,822 |
| Units | 6 |
| Zoning | 10BNS |
| Acreage | 0.16 |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Detached, Garage, Off Street, On Street |
| Tax Annual Amount | 6073.53 |
|---|
| State | PA |
|---|---|
| County | Northampton |
| City | Easton |
| Zip Code | 18042 |
| Area | Easton |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $1,050,000 low | high Med: $289,900 sqft: 6,822 low | high Med: 1,488 $ / sqft: $154 low | high Med: $195 On site: 44 low | high Med: 5 | |
| State | PA |
|---|---|
| County | Northampton |
| City | Easton |
| Zip Code | 18042 |
| Area | Easton |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $1,050,000 low | high Med: $289,900 sqft: 6,822 low | high Med: 1,488 $ / sqft: $154 low | high Med: $195 On site: 44 low | high Med: 5 | |