26 N 2nd St, Easton, PA 18042

Handsome fully-rented brick 4-unit on one of the prettiest streets in Easton's Historic District. Priced at an 8.3% cap rate, with a 9.2% cash-on-cash return, and a 1.35 debt-coverage ratio. Qualified Buyers can be introduced to a local lender for 20% downpayment, at 4.5% and 20 year amortization. Attractive easy-to-rent apartments combine original character/charm with updated kitchens/baths. Separate gas heat and h/w in each unit keep operating costs low. Returns based on actual income/expenses AND a 5% vacancy factor. This building is in great condition, makes money and allows investors and owner-occupants to be part of resurgent Downtown Easton - including a dynamic restaurant scene. Quick access to Routes 22/78, bus service to NYC and Philadelphia, Lafayette College, and St. Luke's/Easton/Lehigh Valley hospitals. For those who want an affordable alternative to a Brooklyn lifestyle - it doesn't get better than this. The pictures and the numbers confirm the story.