127 S 13th ST, Easton, PA 18042
127 S 13th ST, Easton, PA 18042
127 S 13th ST, Easton, PA 18042
127 S 13th ST, Easton, PA 18042
127 S 13th ST, Easton, PA 18042
127 S 13th ST, Easton, PA 18042
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Heather McFadden

Heather McFadden

+1(610) 360-1137
$ 245,000
Est. payment | /mo

4 Beds

2 Baths

1,928 SqFt

Save
$ 245,000
Est. payment | /mo
Save

4 Beds

2 Baths

1,928 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,928 sqft

Price per Sqft $127

Subdivision Not In Development

MLS Listing ID 784240

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,990

Lot Size 2,874 Sqft

Acres 0.066

Property Sub-Type Apartment

Property Description

Opportunity to improve rental income at this Easton two-unit property featuring a one-bedroom apartment and a three-bedroom apartment, a covered front porch, and a rear yard. Both units are occupied by long-term tenants, with current rents of $745 and $1,013 per month, totaling $21,096 annually. Both apartments need cosmetic renovation, offering an opportunity for a hands-on investor to update the interiors and improve rental performance over time. Listing agent estimates potential rents following appropriate improvements at $1,250 and $1,700 per month, totaling $35,400 annually. These figures are projections, not current income or guaranteed results. Tenants currently pay for heat, while the owner pays water/sewer, with trash included per seller information. Separate water meters offer an opportunity to evaluate future tenant utility reimbursement, subject to existing leases and applicable billing requirements. Well suited to an owner-managed investment strategy, with potential income growth through renovation and future leasing. Property is tenant occupied and sold subject to existing leases; no vacancy or timeline for achieving projected rents is represented.

Owner financing may be possible with acceptable offer. 6%, IO payments, 2 Year balloon mandatory, 1st lien position only, 20% down minimum and added expense for owner finance mortgage will be applied to buyer side closing costs.

Location

State PA

County Northampton

Area Easton

Direction From 13th St heading S, home is on the Right

Interior

Heating Baseboard, Electric

Cooling None

Fireplace No

Exterior

Parking Features On Street

Water Access Desc Public

Building

Story 2

Sewer Public Sewer

Water Public

Schools

School District Easton

Others

Senior Community No

Tax ID L9SW2C-13-12-0310

Special Listing Condition None

Listed by The Real Estate Firm&PropMngmt

Nearby Locations

Heather McFadden

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania 18018, USA

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127 S 13th ST