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209 Cattell St 5 Unit Apartment Building $721,770 ($144,354/Unit) 10.44% Cap Rate Easton, PA 18042
INVESTMENT HIGHLIGHTS
- Near Lafayette College
- Tenants pay all utilities
- Central Fire Alarm
- Upside on Rents
- Parking Space
EXECUTIVE SUMMARY
Great cash flowing FULLY OCCUPIED 5 unit property in College Hill. Located within walking distance to Lafayette College this investment opportunity will not disappoint. 1- 2 bedroom, 3- 1 bedrooms, and 1 studio apartment. Tenants pay all utilities and handle snow and lawn care. A self managing asset with extremely low overhead.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $721,770 | Building Class | C |
| Price Per Unit | $144,354 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,164 SF |
| Cap Rate | 10.44% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2017 |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | BUSINESS/NEIGHBORHOOD | ||
| Price | $721,770 |
| Price Per Unit | $144,354 |
| Sale Type | Investment |
| Cap Rate | 10.44% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,164 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2017 |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | BUSINESS/NEIGHBORHOOD |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Heating
- Granite Countertops
- Refrigerator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,425 | - |
| 2+1 | 1 | $1,595 | - |
| Studios | 1 | $1,195 | - |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | L9NE2C-15-16-0310 | Improvements Assessment | $38,300 |
| Land Assessment | $22,300 | Total Assessment | $60,600 |
PROPERTY TAXES
Parcel Number
L9NE2C-15-16-0310
Land Assessment
$22,300
Improvements Assessment
$38,300
Total Assessment
$60,600
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209 Cattell St
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