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701 Northampton St.
Easton PA 18042 US

$824,999

Active Listing ID 609867
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5,766 sqft
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Built in 1900
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Lot: 0.09 acre
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Other

$824,999

Active Listing ID 609867
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701 Northampton St. $124, 800K Gross, $99, 840 Net Profit, 12% CAP @ Asking with 10% management/maintenance (projected). Owners purchased this iconic, all-brick Easton landmark in 2016 requiring a total gut & extreme reno. Owners invested 400K & 3 years to bring the building up to current code & CO the property, install gas lines, increase curb appeal with new sidewalks, repaint & repoint brick, new roof, redo exterior parking, etc. Property is almost fully occupied as a 5-UNIT, CLASS A, mixed investment with 3 CURRENTLY rented LUXURY apartments & 2 high visibility storefronts, one under lease to a restaurant w/ outdoor seating, leaving final space available (previously a beer distributor). All utilities separated, tenants pay water, elec, stove. 10 parking spots. Extremely high ceilings, tons of sunlight with view through new windows, glamorous NEW: flooring, kitchens, showers, vanities, etc. Has 2 COMMERCIAL BILLBOARDS @ $1, 250 each, over 50k to construct.

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Property Features

  • Facts
  • Built in: 1900
  • Lot Size: 0.09 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Roof Type: Unknown
Listing Changed: 7/29/2019 8:22:39 AM GMT
Source Updated Date: 11/16/2019 6:30:01 AM GMT

Courtesy of: Tejas Gosai, CENTURY 21 Keim Realtors

Listing Source - ListHub

Copyright © 2019 CENTURY 21. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.