See all 35 photos
35 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
$260,000
Est. payment /mo
4 Beds
2 Baths
1,928 SqFt
Open House
Sat Sep 12, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,928 sqft
Price per Sqft $134
Subdivision Not In Development
MLS Listing ID 784240
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,990
Lot Size 2,874 Sqft
Acres 0.066
Property Sub-Type Apartment
Property Description
Opportunity to improve rental income at this Easton two-unit property featuring a one-bedroom apartment and a three-bedroom apartment, a covered front porch, and a rear yard. Both units are occupied by long-term tenants, with current rents of $745 and $1,013 per month, totaling $21,096 annually. Both apartments need cosmetic renovation, offering an opportunity for a hands-on investor to update the interiors and improve rental performance over time. Listing agent estimates potential rents following appropriate improvements at $1,250 and $1,700 per month, totaling $35,400 annually. These figures are projections, not current income or guaranteed results. Tenants currently pay for heat, while the owner pays water/sewer, with trash included per seller information. Separate water meters offer an opportunity to evaluate future tenant utility reimbursement, subject to existing leases and applicable billing requirements. Well suited to an owner-managed investment strategy, with potential income growth through renovation and future leasing. Property is tenant occupied and sold subject to existing leases; no vacancy or timeline for achieving projected rents is represented.
Owner financing may be possible with acceptable offer. 6%, IO payments, 2 Year balloon mandatory, 1st lien position only, 20% down minimum and added expense for owner finance mortgage will be applied to buyer side closing costs.
Group showing on Saturday 9/12 1-3pm.
Owner financing may be possible with acceptable offer. 6%, IO payments, 2 Year balloon mandatory, 1st lien position only, 20% down minimum and added expense for owner finance mortgage will be applied to buyer side closing costs.
Group showing on Saturday 9/12 1-3pm.
Location
State PA
County Northampton
Area Easton
Direction From 13th St heading S, home is on the Right
Interior
Heating Baseboard, Electric
Cooling None
Fireplace No
Exterior
Parking Features On Street
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Easton
Others
Senior Community No
Tax ID L9SW2C-13-12-0310
Special Listing Condition None
Read Less Info
Listed by The Real Estate Firm&PropMngmt
NEARBY SCHOOLS & PROPERTIES