See all 38 photos
38 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$355,000
Est. payment /mo
5 Beds
2 Baths
2,035 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,035 sqft
Price per Sqft $174
Subdivision Not In Development
MLS Listing ID 783839
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,726
Lot Size 1,829 Sqft
Acres 0.042
Property Sub-Type Apartment
Property Description
Turnkey 2-Unit Investment – Elite 8.79% Actual Cap Rate with Massive Capital Updates & Value-Add Utility Upside!
Description:
Attention yield-hungry investors and house-hackers! This meticulously maintained 2-unit multi-family property hits the market at an unbeatable $355,000, delivering a staggering 8.79% actual cap rate right out of the gate. Boasting an ultra-efficient 17.5% operating expense ratio, this property features highly optimized, separate tenant utility footprints that insulate your bottom line from tenant usage spikes.
The heavy lifting has already been completely done for you. The building features an extensive list of high-ticket capital improvements engineered for longevity and rock-solid cash flow, including:
* Completely Updated Electric: Both units completely rewired, including the installation of a dedicated landlord house meter.
* Upgraded Mechanicals: Two brand new hot water heaters, two new energy-efficient boilers, and a newly installed chimney liner.
* Modernized Plumbing Footprint: The entire plumbing system was strategically redesigned so that a new owner can easily separate the water and sewer lines per unit—offering a massive, low-cost value-add opportunity to bill 100% of utilities back to the tenants and explode your net returns.
* Turnkey Interior & Exterior Updates: Brand new flooring installed throughout both units, multiple newly replaced windows, and a durable roof replacement (completed approx. 2013).
The lower unit commands $1,475/month and the upper unit brings in $1,675/month, combining for a reliable $37,800 in annual gross income against microscopic owner expenses. Whether you want to collect passive cash flow on day one or live in one unit while letting the other pay your mortgage, this asset represents the ultimate inflation-proof addition to your portfolio. Schedule your tour today before this high-yield gem is gone!
Description:
Attention yield-hungry investors and house-hackers! This meticulously maintained 2-unit multi-family property hits the market at an unbeatable $355,000, delivering a staggering 8.79% actual cap rate right out of the gate. Boasting an ultra-efficient 17.5% operating expense ratio, this property features highly optimized, separate tenant utility footprints that insulate your bottom line from tenant usage spikes.
The heavy lifting has already been completely done for you. The building features an extensive list of high-ticket capital improvements engineered for longevity and rock-solid cash flow, including:
* Completely Updated Electric: Both units completely rewired, including the installation of a dedicated landlord house meter.
* Upgraded Mechanicals: Two brand new hot water heaters, two new energy-efficient boilers, and a newly installed chimney liner.
* Modernized Plumbing Footprint: The entire plumbing system was strategically redesigned so that a new owner can easily separate the water and sewer lines per unit—offering a massive, low-cost value-add opportunity to bill 100% of utilities back to the tenants and explode your net returns.
* Turnkey Interior & Exterior Updates: Brand new flooring installed throughout both units, multiple newly replaced windows, and a durable roof replacement (completed approx. 2013).
The lower unit commands $1,475/month and the upper unit brings in $1,675/month, combining for a reliable $37,800 in annual gross income against microscopic owner expenses. Whether you want to collect passive cash flow on day one or live in one unit while letting the other pay your mortgage, this asset represents the ultimate inflation-proof addition to your portfolio. Schedule your tour today before this high-yield gem is gone!
Location
State PA
County Northampton
Area Easton
Direction Exit 15th St. proceed to Northampton St make left property located on Left second building in
Interior
Heating Gas, Radiator(s)
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Easton
Others
Senior Community No
Tax ID L9SW2B-16-2A-0310
Security Features Smoke Detector(s)
Special Listing Condition None
Read Less Info
Listed by Paranee Properties
NEARBY SCHOOLS & PROPERTIES