Easton, PA 18042,1434 Butler Street
Easton, PA 18042,1434 Butler Street
Easton, PA 18042,1434 Butler Street
$225,000
Est. payment /mo
$225,000
Est.Price: ?

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3 Beds
2 Baths
2,160 SqFt
SOLD DATE : 11/08/2024

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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Listed by CENTURY 21 Pinnacle
Bought with CENTURY 21 Pinnacle

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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