701 Northampton St, Easton, PA

Multi-family for Sale - $825,000 - 5,766 Sq. Ft.


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Agent Info

NameTejas Gosai

Property Info

CIMLS #969963
Location701 Northampton St
Easton PA 18042
Last UpdatedNovember 17th, 2017
TypeMulti-family
Price$825,000
Building5,766 Sq. Ft.
DemographicsView data

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Property Description

3 luxury apartments + 2 commercial stores undergoing massive renovations in center city Easton. Modernization started when the owners purchased the property in 2016. Owners invested over 250k in interior and exterior building renovations. Located 1.5 blocks from Centre Square. 1st commercial unit faces Northampton and will be renovated into a restaurant w/ outdoor seating. Superior visibility and frontage. 2nd commercial unit faces 7th st. High-ceiling apartments were previously rented at $1k each and w/ completed renovation can rent for $1,250 each. Tenants pay for water, elec, stove. The building includes parking for 8 cars. Proposed rent is $7,750/mo gross excluding billboards on property, which owners do not have a contract for and are in the process of negotiating ownership of both billboards which could generate a projected rent of $3,000 per month. *Sidewalks currently being redone as well* *repainted and weatherized brick *All permits filed* *Owners putting in roughly 20k/mo.


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