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Key Details
Sold Price $1,450,000
Property Type Condo
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Square Footage 4,875 sqft
Price per Sqft $297
MLS Listing ID 658035
Sold Date 06/18/21
Year Built 1928
Annual Tax Amount $7,565
Lot Size 9,871 Sqft
Property Description
$141,900 ACTUAL GROSS, $114,300 ACTUAL NET INCOME, 7.14% CAP @ ASK. This is a CLASS "A," 100% fully occupied, cash flowing, 8-unit multi-family with 20 paved parking spaces, coin laundry, and all luxury upgrades including NEW hardwood flooring, NEW carpets, all modern kitchens with custom cabinets & stainless steel appliance suite, granite countertops, high-end lighting fixtures, NEW PLEX plumbing, recently upgraded electrical, ALL NEW WINDOWS, & A BRAND NEW ROOF. All professional, credited tenants with separated utilities and numbered parking spaces. Basement can be converted to storage for extra revenue. Property has guaranteed appreciation with its location being in Nazareth, minutes from world-famous Martin Guitar & CO, RTE 33, 22, 78, & 1.5 HRs from NYC & PHILLY. Commercial tour on 01/31/2021 from 12:00 - 1:00 PM. Will accept contract contingent on access. See aerial media / virtual tour.
Location
State PA
County Northampton
Area Nazareth
Interior
Cooling Central AC
Exterior
Garage Off Site, On Site
Garage Spaces 20.0
Building
Sewer Public
Water Public
New Construction No
Schools
School District Nazareth
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with RE/MAX Central - Center Valley