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506 Northampton St
Easton, PA 18042 Easton

Price Upon Request

Apartments For Sale  •  8,442 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,442 SF
  • Lot Size 0.06 AC
  • Building Class C
  • Year Built 1900
  • Zoning BRI
36 Transit Score
93 Walk Score

Highlights

Opportunity to Add High-End Finishes for Increased Value. Rental comparables support demand for higher-level finishes in the area.
Renovation of Units Can Increase Rents by 20-25%. Improve Gross Scheduled Rent from $11,025 to $14,050 (based on Dec rental comps, see OM).
Projected 23-29% AAR and 8-9% CoC Return. Finish our business plan by renovating units to capture local demand for high-end fit/finishes.es.
Existing Lease Schedule Allows for Buyer Flexibility. Almost all leases on month-to-month schedule to allow for buyer flexibility.
Located two blocks from the Downtown Easton Circle on Northampton Street.

Public Transportation

AirportDriveWalkDistance
Lehigh Valley International 23 min - 14.0 mi
Trenton Mercer 72 min - 48.5 mi