912 Centre Street – Easton

912-914 Centre Street; Easton, PA 18042

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Property Details

  • Price$ 350,000
  • Property TypeMulti Unit Housing
  • NeighborhoodLehigh Valley Region
  • Number of Units9
  • Lot Size0.08 acres
  • Price/Unit$ 38,889
  • Price/Bedroom-
  • Year Built1900

Investment Highlights

  • 100% Occupied 
  • Below Market Rents: Potential to Increase Rents 10%
  • Unit Features: 44% of Units have Private Entrances
  • Utilities: Tenants Pay Heat, Hot Water and Electric
  • Location: Less than 2 Miles from Center City Easton and 1 Mile from Interstate-78

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Centre Street Apartments, a nine unit apartment building situated at 912-914 Centre Street in Easton, Pennsylvania. Easton is the county seat of Northampton County. It is the easternmost city in the Lehigh Valley, and is roughly 55 miles north of Philadelphia and 70 miles west of New York City.

Built in the early 1900s, the property consists of (5) studio and (4) one-bedroom units. All of the one-bedroom units feature a private entrance. The building was constructed using concrete block, wood joists and both brick and siding exterior. The roof was replaced in 2012 and was converted from slate to shingle. The property is currently 100% occupied. Tenants are responsible for electric, heat (electric baseboard) and hot water. Cold water, sewer and trash are paid by the owner. Resident enjoy convenient access to Interstate-78 as well as Route 22 (Lehigh Valley Thruway) as well as LANTA bus service on nearby Line Street.

Offering Memorandum


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NOTE: Outside Brokers must complete this Cooperating Broker Agreement and return via email to info@rittenhouserealty.com or fax to 267-324-3394.

Brokers

Corey Lonberger
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134 / DE RS0016407
corey@rittenhouserealty.com

Ken Wellar
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487 / NJ 1005492
ken@rittenhouserealty.com

Luke DeLuca
Tel: (215) 454-2852 EXT 1014
Cell: (646) 712-7360
License: PA RSR001990
luke@rittenhouserealty.com

Mark Duszak
Tel: (215) 454-2852 EXT 1003
Cell: (215) 805-5011
License: PA RS277420 / NJ 0047530
mark@rittenhouserealty.com



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