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506 Northampton St

7 Unit Block of Flats £1,109,432 (£158,490/Unit) 7.25% Net Initial Yield Easton, PA 18042

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INVESTMENT HIGHLIGHTS

Opportunity to Add High-End Finishes for Increased Value. Rental comparables support demand for higher-level finishes in the area.
Projected 23-29% AAR and 8-9% CoC Return. Finish our business plan by renovating units to capture local demand for high-end fit/finishes.es.
Located two blocks from the Downtown Easton Circle on Northampton Street.

Renovation of Units Can Increase Rents by 20-25%. Improve Gross Scheduled Rent from $11,025 to $14,050 (based on Dec rental comps, see OM).
Existing Lease Schedule Allows for Buyer Flexibility. Almost all leases on month-to-month schedule to allow for buyer flexibility.

EXECUTIVE SUMMARY

BEST AND FINAL DUE BY FRI, 1/31. Excellent value-add opportunity. For sale by owner, we just need to exit before fully running our business plan to free up capital for other projects. Proposed business plan is to renovate units to match the B+/A- fit/finishes in neighboring rentals/comparables. Clear path to increase monthly rental income from ~$11k/mo. to ~$14k/mo. (see our rental comparables and pro forma by accessing the offering memorandum by registering/inquiring). Capturing this $36k revenue bump should net you a $450-$515k value increase at a 7-8% cap rate.

PROPERTY FACTS Under Contract

Price	£1,109,432	Building Class	C
Price Per Unit	£158,490	Lot Size	0.06 AC
Sale Type	Investment	Building Size	8,442 SF
Net Initial Yield	7.25%	Average Occupancy	100%
Gross Rent Multiplier	8.83	Number of Floors	4
No. Units	7	Year Built	1900
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment General Retail Storefront Retail/Residential

Price	£1,109,432
Price Per Unit	£158,490
Sale Type	Investment
Net Initial Yield	7.25%
Gross Rent Multiplier	8.83
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Building Class	C
Lot Size	0.06 AC
Building Size	8,442 SF
Average Occupancy	100%
Number of Floors	4
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.