$1,250,000
$1,400,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
1,190 SqFt
SOLD DATE : 10/30/2020
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,190 sqft
Price per Sqft $1,050
MLS Listing ID PANH100025
Sold Date 10/30/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,003
Tax Year 2020
Lot Size 2,660 Sqft
Acres 0.06
Lot Dimensions 0.00 x 0.00
Property Description
RENTAL PORTFOLIO / 100% OCCUPIED / TURNKEY / BELOW MARKET RENTS - Offering for sale a 23 unit rental portfolio concentrated in Easton, Northampton County, PA. Under the same ownership for many years, this portfolio benefits from long term ownership and a growing downtown market. Current rents are 10-20% below comps, allowing a new owner the ability to significantly improve cashflow on this already high cap rate investment. With the average unit size at 3 bedrooms, the price per unit is offered at an incredible value. Financing options available for qualified buyers.
Location
State PA
County Northampton
Area Easton City (12410)
Zoning RHD
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Natural Gas, Other
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Easton Area
Others
Tax ID L9SE1B-29-9-0310
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio, Cash, Conventional, Private
Listing Terms Bank Portfolio, Cash, Conventional, Private
Financing Bank Portfolio,Cash,Conventional,Private
Special Listing Condition Standard
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