NOT LISTED FOR SALE

Rental Portfolio Pine St Easton, PA 18042

West Ward Neighborhood
-- Bed
-- Bath
29,646 Sq Ft
2,660 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $1,250,000 $42 Per Sq Ft

65 Days on Market

Highlights

  • No HOA
  • Heating Available
  • 2-minute walk to Dutchtown Park

About This Home

As of October 2020

RENTAL PORTFOLIO / 100% OCCUPIED / TURNKEY / BELOW MARKET RENTS - Offering for sale a 23 unit rental portfolio concentrated in Easton, Northampton County, PA. Under the same ownership for many years, this portfolio benefits from long term ownership and a growing downtown market. Current rents are 10-20% below comps, allowing a new owner the ability to significantly improve cashflow on this already high cap rate investment. With the average unit size at 3 bedrooms, the price per unit is offered at an incredible value. Financing options available for qualified buyers.

Last Agent to Sell the Property

Antonio DiCianni

Suburban City Realty, LLC License #RS341502 Listed on: 07/31/2019

Co-Listed By

Glenn Gaines

Suburban City Realty, LLC License #RS330696

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,003

Year Built

  • Built in 1900

Lot Details

  • 2,660

Home Design

  • Frame Construction

Interior Spaces

  • 29,646 Sq Ft Home
  • Partial Basement

Parking

  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 2,660 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number L9SE1B-29-9-0310

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $241,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,003

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Personal property & tenant belongings
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: RENTAL PORTFOLIO / 100% OCCUPIED / TURNKEY / BELOW MARKET RENTS - Offering for sale a 23 unit rental portfolio concentrated in Easton, Northampton County, PA. Under the same ownership for many years, this portfolio benefits from long term ownership and a growing downtown market. Current rents are 10-20% below comps, allowing a new owner the ability to significantly improve cashflow on this already high cap rate investment. With the average unit size at 3 bedrooms, the price per unit is offered at an incredible value. Financing options available for qualified buyers.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 29646
  • Living Area Sq Ft: 29646
  • Price Per Sq Ft: 47.22
  • Above Grade Finished Sq Ft: 29646
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: Rental Portfolio

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: EASTON AREA
  • School District Key: 300200397445
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 17900.00
  • Land Assessed Value: 11500.00
  • Land Use Code: 110
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2660.00
  • Year Assessed: 2020
  • Zoning: RHD

Rental Info

  • Ground Rent Exists: No
  • Units Leased Count: 23
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4366205
  • School Tax: 1923.00
  • Tax Annual Amount: 3003.00
  • Assessor Parcel Number: L9SE1B-29-9-0310
  • Tax Lot: 9
  • Tax Total Finished Sq Ft: 1190
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 10/30/2020

Multi Family

  • Gross Scheduled Income: 241920.00

MLS Schools

  • School District Name: EASTON AREA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $1,250,000 -10.7% $42 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $1,400,000 -- $47 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PANH100027

Bright MLS