112 W 25th St, Northampton, PA 18067
- $649,900
- 4,174
- SqFt
- List Price
- $649,900
- MLS#
- 784832
- Status
- ACTIVE
- City
- Northampton
- Area
- Northampton
- County
- Northampton
- Neighborhood
- Not In Development
- Living Area
- 4,174
- Lot Size
- 17,685
- Year Built
- 1930
Property Description
Excellent investment opportunity offering strong existing income with additional value-add potential! This property currently features two spacious residential units, both offering generous living space and additional loft areas. The entire first floor provides a large third storage unit spanning the footprint of the building, creating substantial additional space and future possibilities. The potential for creating additional residential units has been discussed with the Borough; any conversion or additional units would be subject to Borough approval, zoning, permitting, and applicable requirements. Current residential rental income totals $4,600/month or $55,200 annually. With reported annual expenses of approximately $9,382, the property generates an estimated NOI of $45,818. At the $649,900 list price, this represents an estimated 7.05% cap rate based on the provided income and expenses. A unique opportunity for an investor seeking immediate rental income with additional space and potential for future expansion. Seller also has listed from their portfolio: MLS #784835 and MLS #784812
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Additional Information
- Acres
- 0.41
- Cooling
- Central Air, Window/Wall
- Living Area
- 4,174
- Lot Size
- 17,685
- Parking Spaces
- 4
- Region
- Northampton
- School District
- Northampton
- Sewer
- Public Sewer
- Taxes
- $5,973
- Zoning
- 22R2
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Listing courtesy of Coldwell Banker Hearthside.
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