1915 Main St, Northampton, PA 18067

$699,900
3,589
SqFt
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List Price
$699,900
MLS#
784835
Status
ACTIVE
City
Northampton
Area
Northampton
County
Northampton
Living Area
3,589
Lot Size
4,800
Year Built
1920
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610-704-8826

Property Description

This 4-unit apartment property features a mix of spacious 2-bedroom, 1-bath and 1-bedroom, 1-bath residences, offering multiple income streams under one roof. The property currently generates $5,505 in gross monthly income and $66,060 in gross annual income. With approximately $11,582 in annual operating expenses, the estimated Net Operating Income (NOI) is $54,478; this represents an estimated 7.78% cap rate. Additional features include a generously sized yard, a 2-car garage, and a separate single-car garage currently utilized for storage. Above the garage is a sizable loft providing additional storage space and income. Conveniently located along Main Street in Northampton, the property offers easy access to local restaurants, shopping, businesses, schools, and major roadways. With four residential units, garage and storage space, multiple income streams, and high current rental income, this property presents an attractive opportunity for investors. Seller has multiple listings live from their portfolio: MLS #784812 and MLS #784832

610-704-8826
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Additional Information

Acres
0.11
Cooling
Window/Wall
Living Area
3,589
Lot Size
4,800
Region
Northampton
School District
Northampton
Sewer
Public Sewer
Taxes
$4,028
Zoning
22C1
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Listing courtesy of Coldwell Banker Hearthside.

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