Nazareth Borough, PA 18064,180 Spring Street
$1,450,000
Est. payment /mo
$1,600,000
9.4%
Est.Price: ?

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4,875 SqFt
SOLD DATE : 06/18/2021

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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Listed by EXP Realty LLC
Bought with RE/MAX Central - Center Valley

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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