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506 Northampton St
Easton, PA 18042
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Opportunity to Add High-End Finishes for Increased Value. Rental comparables support demand for higher-level finishes in the area.
- Projected 23-29% AAR and 8-9% CoC Return. Finish our business plan by renovating units to capture local demand for high-end fit/finishes.es.
- Located two blocks from the Downtown Easton Circle on Northampton Street.
- Renovation of Units Can Increase Rents by 20-25%. Improve Gross Scheduled Rent from $11,025 to $14,050 (based on Dec rental comps, see OM).
- Existing Lease Schedule Allows for Buyer Flexibility. Almost all leases on month-to-month schedule to allow for buyer flexibility.
Property Facts
| No. Units | 7 | Building Size | 8,442 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | No. Stories | 4 | |
| Building Class | C | Year Built | 1900 |
| Lot Size | 0.06 AC | ||
| Zoning | BRI | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,442 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | BRI |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,420 | 650 - 1,050 |
| 3+1 | 1 | $1,545 | 1,050 |
| Studios | 1 | $3,700 | 2,700 |
Property Taxes
| Parcel Number | L9SE2A 14 10 0310 | Improvements Assessment | $51,600 |
| Land Assessment | $26,100 | Total Assessment | $77,700 |
Property Taxes
Parcel Number
L9SE2A 14 10 0310
Land Assessment
$26,100
Improvements Assessment
$51,600
Total Assessment
$77,700
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