679 Northampton St, Easton, PA 18042

Property Description

*Just a few blocks from the Center Circle in downtown Easton is 679-681 Northampton St* 6 Unit fully occupied building with long term tenants, ranging from 2-20 years* An additional 5 car garage and additional off street parking in the rear* Building will be sold with a clear Certificate of Occupancy from the City of Easton* $75,000 in recent renovations.* $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 are on a month to month lease* Three story rear porches have been updated with new railings and soffit* 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*