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Listed price in listed location currency (USD).
$649,900

004

MLS® 784832

Overview

Key Facts

Type Apartment
Levels Residential Income
Size 4174 sqft
Garage 
Maintenance Fees 
Taxes $5,973
Days Active 1
Approx. Age 1930
Avg. Price Per Sqft $155
MLS® Number 784832

Property Address: 112 W 25th St, NORTHAMPTON, PA, 18067-1107

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity offering strong existing income with additional value-add potential! This property currently features two spacious residential units, both offering generous living space and additional loft areas. The entire first floor provides a large third storage unit spanning the footprint of the building, creating substantial additional space and future possibilities. The potential for creating additional residential units has been discussed with the Borough; any conversion or additional units would be subject to Borough approval, zoning, permitting, and applicable requirements. Current residential rental income totals $4, 600/month or $55, 200 annually. With reported annual expenses of approximately $9, 382, the property generates an estimated NOI of $45, 818. At the $649, 900 list price, this represents an estimated 7.05% cap rate based on the provided income and expenses. A unique opportunity for an investor seeking immediate rental income with additional space and potential for future expansion. Seller also has listed from their portfolio: MLS #784835 and MLS #784812
MLS® Number784832
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1930
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Forced Air
A/CCentral Air, Wall Window Units

Extras

Map

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