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709 Line St
Easton, PA 18042
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 6,048 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1975/2015 |
| Lot Size | 0.20 AC | Parking Ratio | 1.32/1,000 SF |
| Zoning | Commercial - Garden - Apt | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.20 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2015 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | Commercial - Garden - Apt |
ABOUT 709 LINE ST , EASTON, PA 18042
45,600k Gross, 37,184.29 Net Income, 11% Cap Rate @ asking. CLEAN turnkey, cash flowing, 4 unit 6000+SF multifamily asset in a pleasant neighborhood of Easton, PA. Massive potential with renovated units. ALL utilities separated INCLUDING WATER & SEWER. New roof installed in 2015, all new water heaters, all new gas-fired furnaces, new electric, newer appliances, large rooms, massive kitchens, and all around one of the most well-maintained multi-families on the market. ALL 2BR, 1BA units. individual entrances. Washer & Dryer in each unit. LARGE 8 CAR paved parking pad. Large storage in basement. Property type = commercial, land use = apartments, improvement type = apartment - garden. FULL DISCLOSURE - actual rents are $750.00 each BECAUSE the owner has had the same tenants for 15 years and he hasn't raised the rents in a decade. The tenants are now moving out and we are renting the units out at $950.00 each, which is market rent for a property in this location in this condition with these superior amenities and privacy, school district, etc. Add revenue by charging for parking separately as there is street parking available.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $950.00 | 1,200 |
PROPERTY TAXES
| Parcel Number | M9NE1C-1-7B-0310 | Improvements Assessment | $39,000 |
| Land Assessment | $23,600 | Total Assessment | $62,600 |
PROPERTY TAXES
