Updated almost 10 years ago on . Most recent reply
Great 2 family in Easton PA
Great investment opportunity in Easton Pa on block from Lafayette College.
The first floor unit has 3 bedrooms and 1.5 bathrooms, laundry room, front porch. This unit has its own separate meter for utilities.
The second floor unit has 2 bedrooms, 1 bathroom, laundry room, cedar lined attic for storage, separate utilities meters, and a large patio for outdoor entertaining. This unit was updated 1year ago with new carpet, paint and all new appliances.
The two car garage is not accessible from either unit and can be rented for off street parking for those snow ridden winter months or the hot summer days.
Current rents are low and could be raised substantially.
Asking price is $150,000 OBO
Current ROI is 7.26%
With adjusted rents ROI is 9%
Comps 402 Cattell Street $197,600
316/318 W. Lafayette Street $170,000