• Easton Rooming House - 1502 Lehigh St, Easton, PA 18042

For Sale

Office

For Sale

This property is available for sale
0.1
Acres
$319,000
Sale Price
  • Total Building Size
    3,000 RSF
  • Overview

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

    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

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Property Details

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

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

  • Property Type
    Office
  • Sale Price
    $319,000
  • Total Building Size
    3,000RSF
  • Total Acres
    0.1
  • Sale Status
    Available
  • Last updated
    Jun 19, 2019
  • Property ID
    2084447

Landlord's Sales Representatives

  • Glenn Gaines
    Keller Williams
     
  • Antonio DiCianni
    Keller Williams
     
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