CLASS A 5-Unit BUILDING GREAT LOCATION - $770,000 (ON MARKET)
Address: 148 S 6th St, Easton, PA 18042
List Price: $770,000
Property Type: Multifamily
Year Built: 1900
Year Renovated: 2005
Building Size: 2,196 SF
Price Per Square Foot: $350.64
Lot Square Footage: N/A
Occupancy: 100%
Frontage: N/A
Units: 5
Cap Rate: 7.78%
Pro-Forma NOI: $65,000
Remarks:
Open $68,340 Gross, $59,876 Net, 7.6% CAP with tenants paying all utilities. Situated on a large lot within walking distance to Crayola and in the heart of Easton, this set of 3 townhouses include modern kitchens, fresh paint, new windows, new carpet, new appliances, updated utilities, a slate roof, & original refinished hardwood floors. Each townhouse comes with a gorgeous backyard, beautiful views, an open floor plan, 2BRs, washer/dryer 1st FL, & a large NYC LOFT-style 3rd FL bonus room that can be a study or 3rd BR. The rear includes a 2-car garage with storage. "Easy to own" asset with lease structure so that tenants pay the water, sewer, & trash. Easton's economic renaissance has hundreds of millions in new construction retail, apartments, & a 400+ car parking garage. Sold "As is," WITH CLEAN CO (currently being completed). Property can be purchased with an adjoining fully occupied, turn-key, 5-unit building next door at 142 S 6th Street.
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