0.21 Acres in Northampton, PA - $519,900
Check out this maintenance free 5 unit centrally located in downtown Northampton Borough consisting of both sides(2183-2185) and a huge garage with 3 separate doors and private office with half bath. Price at a 9.7% CAP RATE, this property is being sold fully occupied with great cash flow and minimal expenses. Current leases are 1 year+ with upside potential for rent increases. The property has been recently renovated with improvements including new windows, upgraded kitchens and baths, carpet and paint, plumbing, and electric where needed. Features include on-site laundry, shared basement storage, private rear yard, and a huge 2702 square foot garage with industrial zoning(check with township for potential uses) currently rented below market. Nothing to do but collect rents and get a great return in this turn-key investment opportunity. Garage lease is paid in full and due to buyer at c...
Check out this maintenance free 5 unit centrally located in downtown Northampton Borough consisting of both sides(2183-2185) and a huge garage with 3 separate doors and private office with half bath. Price at a 9.7% CAP RATE, this property is being sold fully occupied with great cash flow and minimal expenses. Current leases are 1 year+ with upside potential for rent increases. The property has been recently renovated with improvements including new windows, upgraded kitchens and baths, carpet and paint, plumbing, and electric where needed. Features include on-site laundry, shared basement storage, private rear yard, and a huge 2702 square foot garage with industrial zoning(check with township for potential uses) currently rented below market. Nothing to do but collect rents and get a great return in this turn-key investment opportunity. Garage lease is paid in full and due to buyer at closing. MULTIPLE OFFERS RECEIVED!!! HIGHEST AND BEST OFFERS DUE BY TUESDAY, 12/14/21 at 5PM.
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