Easton, PA 18042,RENTAL PORTFOLIO PINE ST
Easton, PA 18042,RENTAL PORTFOLIO PINE ST
Easton, PA 18042,RENTAL PORTFOLIO PINE ST
5
$1,250,000
$1,400,000
10.7%
Est.Price: ?

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1,190 SqFt

RENTAL PORTFOLIO PINE ST Easton, PA 18042

Est. payment /mo
SOLD DATE : 10/30/2020

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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

Water Access N

Accessibility None

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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Bright MLS (BMLS)
Listed by Antonio DiCianni • KW Commercial
Bought with Non Member • Non Subscribing Office

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Josh Heller

Owner | License ID: RS338767 / NMLS #2348781

+1(717) 200-4148

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