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Key Details
Sold Price $225,000
Property Type Commercial
Sub Type Converted,Semi Detached/Twin
Listing Status Sold
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $104
Subdivision Not In Development
MLS Listing ID 745002
Sold Date 11/08/24
Bedrooms 3
Full Baths 2
Year Built 1900
Annual Tax Amount $3,784
Property Description
Now available in Easton, this 2-unit property offers an 8.3% cap rate and a 1.34 DCR, making it a prime investment opportunity. The first unit is a 1-bedroom, 1-bath on the ground floor, with a long-term tenant who has been in place for 13 years. As a Section 8 tenant, the rent is reliably adjusted each year, providing stable income. The second unit spans the second and third floors and features 3 bedrooms (one is a walk-through) and 1 bath. Tenants in both units cover their own heat, cable, and internet.
Additionally, there’s a 2-car detached garage, which could generate extra income. It is currently included in the lease terms for Unit 1 but offers future flexibility for other uses.
This property is an ideal house-hack opportunity—live in one unit and let the rental income cover a significant portion of your mortgage.
Group showings are scheduled for 9/14 from 1-2 PM. Contact your agent to confirm your spot. Full Pro Forma and Offering Memorandum are available upon request.
Don’t miss out on this solid investment or personal homeownership opportunity!
Location
State PA
County Northampton
Area Easton
Interior
Cooling Ceiling Fans
Exterior
Garage Spaces 2.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Easton
Others
Financing Cash,Conventional,Conventional Renovation Loan
Special Listing Condition Not Applicable
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Bought with CENTURY 21 Pinnacle