400 Centre St

Easton, PA 18042

3-Unit Investment Property in Southside Easton! Projected 10% CAP RATE with with some minor rehab work!! All units rented with Long-term Tenants currently Month-to-Month. Completely renovated by current owner in 2011 with many newer features and consistent maintenance. Rents have not been increased in years?potential for increase. Separate exterior entrances. 2-BEDROOM Apt-1 on the 1st Floor (900/month projected; 750 now). Exterior stairs at the rear of the building lead to the 2-BEDROOM Apt-2 (950/month projected; 800 now) on the 2nd Floor and the 3-BEDROOM Apt-3 (1000/month projected; 875 now) on the 3rd/4th Floors. Tenants pay for all Utilities Split with separate Panels for each Unit's Electric service, and separate Natural Gas Meters for all Water Heaters and Apts-2/-3 boilers? radiant heat systems. Apt-1 has Electric Baseboard heat. Landlord pays for Water/Sewer/Trash. Code compliant Fire Alarm System. Easton BNI Report noted several defects--SOLD "AS-IS." Building has easy access to Downtown Easton, I-78.