701 Northampton St

    Easton, PA 18042
    • $824,999
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: PM-74717
    UPDATED: 237 min ago
    $824,999
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,766
      SQFT
    • $143
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    $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.

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    Listings displayed are not necessarily the listings of the provider. The data relating to real estate for sale or lease on this web site comes in part from Pocono Mountains Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX of the Poconos. Data last updated 2020-01-21T00:13:27.023.
    www.poconohomepro.com/homes/102108796

    701 Northampton St Easton, PA 18042

    • Price: $824,999
    • Status: Active
    • Updated: 237 min ago
    • MLS #: PM-74717
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    5,766
    SQFT
    $143
    $/SQFT
    1900
    Built
    Neighborhood:
    Easton City
    County:
    Northampton
    Area:
    Easton City
    School District:
    Easton Area
    Property Description
    $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.
    Exterior Features

    Construction Brick Location CornerFreestnd Parking On-Site Road PavedPublic Road Surface Blk-Top Road Type City-Rd Roof Flat

    Interior Features

    Cooling CeilfanCntrlac Heating ElecOil Sq Ft Above Grade 5766.00

    Property Features

    County And Municipality Taxes 1628.00 Current Use CommercialResidential Financing CashConventional Foreclosure No Includes Building(S) Possession Negotiable Potential Use Apartment(S)Convenience StoreGroceryRetail School Taxes 2895.00 Sewer Public Total Taxes 4523.03 Transaction Type For Sale Water Public Zoning R-Md

    Listing information © 2020 Pocono Mountains Association of Realtors


    Listings displayed are not necessarily the listings of the provider. The data relating to real estate for sale or lease on this web site comes in part from Pocono Mountains Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX of the Poconos. Data last updated 2020-01-21T00:13:27.023.
     
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    1111 North Fifth Street
    Stroudsburg PA, 18360