Easton Rooming House

1502 Lehigh Street Easton, PA 18042

1502 Lehigh Street, Easton, PA, 18042
1502 Lehigh Street, Easton, PA, 18042
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$319,000
Last Verified:
Apr 26, 2019

Highlights

  • Average in-place rate of $110/week
  • Market average weekly rate is $125+
  • Additional income from garage & storage
  • Long term tenants with minimal historical turnover
  • Live-in super creates a management free investment
  • Double-wide lot for potential future development

Description

Suburban City Group is pleased to exclusively offer for sale a rare multifamily rooming house in Easton, Northampton County, PA. Under the same ownership for 25 years, 1502 Lehigh Street is one of the only rooming houses in the market. An easy-to-manage and high cashlfow investment, 1502 Lehigh benefits from long term tenancy and a live-in super. The property features 8 bedrooms and 4.5 baths spread across 4 units in the building. 3 of the units offer private bedrooms and bathrooms; with the 4th unit containing 5 bedrooms and 2 shared bathrooms. The property also features a 2 car garage with storage for additional income.

The building sits on a double-wide lot allowing for the possibility of further development by a new owner.

Located in Wilson Borough, approximately one mile west of downtown Easton.

Building Size: 3000.0sq ft
Lot Size: 0.1 acres

Map of 1502 Lehigh Street, Easton, PA, 18042

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