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Key Details
Sold Price $485,000
Property Type Condo
Sub Type Apartment Style
Listing Status Sold
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $165
Subdivision Not In Development
MLS Listing ID 685005
Sold Date 06/22/22
Year Built 1900
Annual Tax Amount $2,327
Lot Size 6,098 Sqft
Property Description
This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase “Compact, Economical & Profitable”? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!
Location
State PA
County Northampton
Area Wilson
Interior
Cooling Ceiling Fan, Central AC, No Air, Wall AC, Window AC
Exterior
Garage Garage
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Wilson
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Keller Williams Real Estate