112 West 25th Street,Northampton Boro, PA 18067
Northampton Boro, PA 18067
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
Details
| MLS # | 784832 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 23 |
| Listing Provided By | Coldwell Banker Hearthside | Meg Leadbetter |
Features
| SQ Feet | 4,174 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | 22R2 |
| Acreage | 0.41 |
Taxes
| Tax Annual Amount | 5973.22 |
|---|
Area Information
| State | PA |
|---|---|
| County | Northampton |
| City | Northampton Boro |
| Zip Code | 18067 |
| Area | Northampton |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $649,900 low | high Med: $299,000 sqft: 4,174 low | high Med: 1,469 $ / sqft: $156 low | high Med: $218 On site: 23 low | high Med: 3.5 | |
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Learn More About This Property
| State | PA |
|---|---|
| County | Northampton |
| City | Northampton Boro |
| Zip Code | 18067 |
| Area | Northampton |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $649,900 low | high Med: $299,000 sqft: 4,174 low | high Med: 1,469 $ / sqft: $156 low | high Med: $218 On site: 23 low | high Med: 3.5 | |
