38 Raspberry St Easton, PA 18042
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 38 Raspberry St
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a seven-unit single-family rental portfolio located in the vibrant downtown Easton, Pennsylvania. The portfolio consists of seven individual buildings, each housing a single-family rental unit, offering a diversified investment strategy. Currently fully occupied, the property generates a substantial net operating income (NOI) of $112,000, resulting in an attractive 8.00% capitalization rate. The asking price for the entire portfolio is $1,400,000, translating to a price per unit of $200,000. The property is classified as a Class C multifamily investment, presenting a value-add opportunity for a discerning investor. The portfolio is held under an LLC ownership structure. Located at 38 S Raspberry St, Easton, PA 18042, this portfolio benefits from its prime downtown location within Northampton County. This is an ideal investment for those seeking strong cash flow and potential for future appreciation in a thriving Pennsylvania market. The portfolio's current occupancy and stable income stream make it an attractive proposition for both seasoned and emerging real estate investors. The individual buildings offer flexibility for future renovations or upgrades, allowing for further value enhancement. This is a rare opportunity to acquire a well-performing, fully rented multifamily portfolio in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Easton
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.2309661
- Latitude
- 40.6892369
