701 Northampton St., Easton, PA 18042

sale $824,999 | Multi-Family

Listed By CENTURY 21 Keim Realtors

$124,800K Gross, $99,840 Net Profit, 12% CAP @ Asking with 10% management/maintenance (projected). Owners purchased this iconic, all-brick Easton landmark in 2016 requiring a total gut & extreme reno. Owners invested 400K & 3 years to bring the building up to current code & CO the property, install gas lines, increase curb appeal with new sidewalks, repaint & repoint brick, new roof, redo exterior parking, etc. Property is almost fully occupied as a 5-UNIT, CLASS A, mixed investment with 3 CURRENTLY rented LUXURY apartments & 2 high visibility storefronts, one under lease to a restaurant w/ outdoor seating, leaving final space available (previously a beer distributor). All utilities separated, tenants pay water, elec, stove. 10 parking spots. Extremely high ceilings, tons of sunlight with view through new windows, glamorous NEW: flooring, kitchens, showers, vanities, etc. Has 2 COMMERCIAL BILLBOARDS @ $1,250 each, over 50k to construct.

Property Features

Appliances: Microwave
Appliances: Range / Oven
Appliances: Refrigerator
Building Area: 5766.00 SF
Cooling: Central A/C
Cross Docks: N
For Auction: N
Level Number: 3
Lot Size In Text: 0.09 Acres
MLSID: 609867
Price Upon Request: N
Sewer: Public
Style: Multi-Family (5-20 Units)
Sublease: N
Tax Year: 2019
Taxes: $4469.43
Total Units: 5
Water: Municipal Water
Year Built: 1900
Zoning: R-Md