521 Ferry Street, Easton PA 18042 Photo 1

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521 Ferry Street - Fantastic investment opportunity in growing Historic Easton with a 5-unit Apartment Building with long term tenants at over 8.9% CAP Rate and room to grow with more investment. All units are currently occupied with long term tenants and signed leases. New windows, separate utilities, tenants pay own electric, water, sewer (baseboard heating in units). Roof access with excellent views of Easton make for a lot of upside potential for the right savvy investor. Parking in back for up to 3 cars. Walking distance to bus station for city commuters (2blocks), walking distance to all nearby growing Easton Restaurants and businesses, as well as the local brewing company Two Rivers Brewing, and the State Theater.

Listing information

  • MLS® ID: 559078
  • Beds: 8
  • Stories: 3
  • Total Square Footage: 4,194 ($95.37 per sq. foot)
  • County: Northampton
  • Style: Multi-Family
  • Baths: 5 (Full: 5 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.04
  • School District: Easton
  • Year Built: 1900
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $6,236
  • Subdivision: Not in Development

Features

Area Easton
Construction Brick
Cooling No Air, Window Ac
Features Fire Escape, Hardwood, Historic, Wall To Wall Carpet
Other Electric - 480, Gas - 0, Gross Income - 47160, Heat - 0, Net Income - 31392, Operating Expense - 14448, Other Expenses - 0, Water/Sewer - 300, Zoning Code - R-Hd-Residential - High Density
Parking Paved Lot
Property Category Apartment Style, Commercial, Detached
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Keller Williams Real Estate