1242 Butler Street
Property Description
Fully occupied two-unit investment property generating $31,080 in gross income and $23,934 in net income. The property includes two large 1-bedroom units, offering simple operations and steady rental demand. Both units are occupied by long term Section 8 tenants, providing predictable rental income and stable cash flow. Landlord expenses are limited to water/sewer/trash, helping keep the expense structure low and easy to manage. Located in a strong Easton rental area, the property benefits from easy access to downtown Easton, Lafayette College, St. Luke's Easton Campus, local shopping, dining, entertainment, and major roads throughout the Lehigh Valley. Butler Street is a well-connected Easton corridor, making the location convenient for tenants. With large units, reliable long-term tenants, low landlord expenses, and a convenient Easton location, this is a solid opportunity for an investor looking for predictable cash flow and long-term stability.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,900 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Lot Size: | 1,304.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 2 |
ID: 3yd-LVARPA-780712
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout