679 Northampton St, Easton, PA 18042
- $1,050,000
- 15
- BD
- 6
- BA
- 6,822
- SqFt
- List Price
- $1,050,000
- MLS#
- 783986
- Status
- ACTIVE
- Type
- Multifamily
- City
- Easton
- Area
- Easton
- County
- Northampton
- Bedrooms
- 15
- Bathrooms
- 6
- Living Area
- 6,822
- Lot Size
- 6,900
- Year Built
- 1900
Property Description
679-681 Northampton St is a 6 Unit fully occupied building with long term tenants, ranging from 2-20 years. An additional 5 car garage and off street parking in the rear. $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 have a month to month lease. $75,000 in recent renovations. Three story rear porches have been updated with new railings and soffit. Building will be sold with a clear Certificate of Occupancy from the City of Easton. 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
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Additional Information
- Property Taxes
- $6,073
- Acres
- 0.16
- Cooling
- None
- Living Area
- 6,822
- Lot Size
- 6,900
- Parking Spaces
- 7
- Region
- Easton
- School District
- Easton
- Sewer
- Public Sewer
- Subdivision
- Not In Development
- Zoning
- 10BNS
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Listing courtesy of IronValley RE of Lehigh Valley. Contact:
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