15 Beds
6 Baths
6,822 SqFt
15 Beds
6 Baths
6,822 SqFt
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,822 sqft
Price per Sqft $153
Subdivision Not In Development
MLS Listing ID 783986
Bedrooms 15
Full Baths 6
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,073
Lot Size 6,882 Sqft
Acres 0.158
Property Sub-Type Apartment
Property Description
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*
Location
State PA
County Northampton
Area Easton
Direction Route 22 to 13th St Exit South to left on Northampton St
Interior
Heating Gas, Hot Water
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Detached, Garage, Off Street, On Street
Water Access Desc Public
Total Parking Spaces 7
Garage Yes
Building
Sewer Public Sewer
Water Public
Schools
School District Easton
Others
Senior Community No
Tax ID L9SE1B-18-5-0310
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania 18018, USA