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Mike Smutz

mike@mikesmutz.com +1(610) 839-7654

$550,000

Est. payment - /mo

5 Beds

3 Baths

2,760 SqFt

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 2,760 sqft

Price per Sqft $199

Subdivision Not In Development

MLS Listing ID 772136

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $2,847

Lot Size 2,308 Sqft

Acres 0.053

Property Sub-Type Apartment

Property Description

Highest and Best offer by 5:00 pm March 2nd. Fully occupied three-unit investment property generating $49,200 in gross income and $43,143 in net income. The asset features a strong and desirable unit mix consisting of two 2-bedroom apartments and one 1-bedroom apartment, providing diversified income within a compact, easy-to-manage structure. All units are fully leased, offering immediate and stable cash flow. Tenants pay all utilities, including electric heat and water. Water is submetered and billed directly to tenants, and each unit has separate electric service, creating a low-expense profile with landlord responsibilities limited strictly to taxes and insurance. The apartments offer large kitchens and spacious living rooms, enhancing tenant appeal and long-term retention. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, further increasing utility and income potential. With strong in-place income, minimal expense exposure, and operational simplicity, this property is well suited for investors seeking predictable returns, stable occupancy, and durable performance in the Easton market.

Location

State PA

County Northampton

Area Northampton

Direction From Interstate 78, take Exit 75 (Morgan Hill Rd) toward Easton and follow signs to downtown via 3rd Street. Turn right onto S 5th Street—30 S 5th Street will be on your left near the South Side business district.

Interior

Heating Baseboard

Cooling None, Wall/Window Unit(s)

Fireplace No

Exterior

Water Access Desc Public

Total Parking Spaces 3

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Easton

Others

Senior Community No

Tax ID L9SE2A 22 22 0310

Special Listing Condition None

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Listed by EXP Realty LLC

Nearby Locations

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+1(610) 839-7654

mike@mikesmutz.com

http://www.mikesmutz.com/

Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106

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30 S 5th ST Easton, PA 18042