631 -635 Walnut Avenue, Easton, PA 18042
sale
$569,900
|
Commercial
Courtesy Of Howard Hanna The Frederick Group
Already making money with super ADD VALUE potential! Check out these 4-unit townhouse style homes just one block from the Historic District in Easton AND this property benefits by being located in the Qualified Opportunity Zone. Also included in the sale is approx 4,000 sq ft warehouse space and parking lot with approx 7 spaces located in the rear of the property that has the potential of adding more income. Bring your development ideas! All residential units are occupied, tenants pay utilities and landlord pays for trash on all units. 3 of 4 units are section 8/month to month leases. This allows landlord comfort for guaranteed income with flexibility. Units 633 & 635 have newer heating systems. 10.9% CAP RATE with warehouse income Estimated at $2000/month, current 6.7% CAP RATE. Lots of development happening on this block, New Construction happening next door! Perfect for the Add Value Investor, so don't miss out before the opportunity is gone!
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 4
- Cooling System: Window Unit(s) A/C
- Exterior Type: Brick
- Exterior Type: Aluminum Siding
- Floors: 2.0
- Heating Fuel: Natural Gas
- Heating System: Radiator
- MLSID: 642662
- Parking Spaces: 7
- Parking Type: Paved or Surfaced
- Parking Type: Parking Lot
- Roof Type: Unknown
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