15 Beds
6 Baths
5,548 SqFt
15 Beds
6 Baths
5,548 SqFt
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,548 sqft
Price per Sqft $166
Subdivision Not In Development
MLS Listing ID 785208
Bedrooms 15
Full Baths 6
HOA Y/N No
Year Built 1900
Annual Tax Amount $15,058
Lot Size 1,960 Sqft
Acres 0.045
Property Sub-Type Townhouse
Property Description
Excellent investment opportunity! This portfolio of five individually parceled, all-brick homes in Easton offers immediate rental income with additional income growth potential. All five properties are fully occupied, with current rents ranging from $1,200 to $1,450 per month. Current rents are below market, presenting an opportunity for future rental increases, subject to applicable lease terms and regulations.Properties feature newer roofs, gas furnaces, semi-modern kitchens and bathrooms with attractive oak cabinetry, and backyard space. Tenants pay all utilities, keeping ownership expenses relatively low. The portfolio generates $78,000 in annual gross rental income, with approximately $18,058 in annual property taxes and insurance, resulting in an estimated $59,942 in annual income before other applicable operating expenses.Portfolio provides immediate cash flow, potential rental upside, and the flexibility of five separate parcels. An opportunity for investors looking to expand their portfolios with established income-producing residential properties.Schedule your private showing today! SALE INCLUDE PARCEL NO L9NE4C 11 4 0310 ,L9NE4C 11 5 0310 , L9NE4C 11 6 0310, L9NE4C 11 7 & L9NE4C 11 8 0310
Location
State PA
County Northampton
Area Easton
Direction PA-33 S and US-22 E to PA-248 W/Bushkill St in Easton. Take the 4th Street/PA-248 exit from US-22 E 8 min (7.4 mi). Continue on PA-248 W. Drive to Bushkill St
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Off Street, On Street
Water Access Desc Public
Total Parking Spaces 10
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Easton
Others
Senior Community No
Tax ID L9NE4C-11-4-0310
Special Listing Condition None
Nearby Locations
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