Handsome fully-rented brick 4-unit on one of the prettiest streets in Easton's Historic District. Priced at an 8.3% cap rate, with a 9.2% cash-on-cash return, and a 1.35 debt-coverage ratio. Qualified Buyers can be introduced to a local lender for 20% downpayment, at 4.5% and 20 year amortization. Attractive easy-to-rent apartments combine original character/charm with updated kitchens/baths. Separate gas heat and h/w in each unit keep operating costs low. Returns based on actual income/expenses AND a 5% vacancy factor. This building is in great condition, makes money and allows investors and owner-occupants to be part of resurgent Downtown Easton - including a dynamic restaurant scene. Quick access to Routes 22/78, bus service to NYC and Philadelphia, Lafayette College, and St. Luke's/Easton/Lehigh Valley hospitals. For those who want an affordable alternative to a Brooklyn lifestyle - it doesn't get better than this. The pictures and the numbers confirm the story.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
