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Fully occupied three-unit investment property generating $49,200 in gross income and $43,143 in net income. The asset features a strong and desirable unit mix consisting of two 2-bedroom apartments and one 1-bedroom apartment, providing diversified income within a compact, easy-to-manage structure. All units are fully leased, offering immediate and stable cash flow. Tenants pay all utilities, including electric heat and water. Water is submetered and billed directly to tenants, and each unit has separate electric service, creating a low-expense profile with landlord responsibilities limited strictly to taxes and insurance. The apartments offer large kitchens and spacious living rooms, enhancing tenant appeal and long-term retention. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, further increasing uti...
Fully occupied three-unit investment property generating $49,200 in gross income and $43,143 in net income. The asset features a strong and desirable unit mix consisting of two 2-bedroom apartments and one 1-bedroom apartment, providing diversified income within a compact, easy-to-manage structure. All units are fully leased, offering immediate and stable cash flow. Tenants pay all utilities, including electric heat and water. Water is submetered and billed directly to tenants, and each unit has separate electric service, creating a low-expense profile with landlord responsibilities limited strictly to taxes and insurance. The apartments offer large kitchens and spacious living rooms, enhancing tenant appeal and long-term retention. Additional value is supported by a large basement, suitable for tenant storage or the potential addition of common laundry facilities, further increasing utility and income potential. With strong in-place income, minimal expense exposure, and operational simplicity, this property is well suited for investors seeking predictable returns, stable occupancy, and durable performance in the Easton market.
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