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Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $165
MLS Listing ID 685004
Sold Date 05/10/22
Construction Status Unknown
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,016
Lot Size 1.426 Acres
Acres 1.426
Property Sub-Type Retail
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
Direction Please use GPS!
Interior
Cooling Central Air, Ceiling Fan(s), None, Other, Window Unit(s), Wall Unit(s)
Fireplace No
Exterior
Parking Features Off Site, On Site
Water Access Desc Public
Roof Type Other
Street Surface Other
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Easton
Others
Tax ID L9SW3A 15 1B 0837
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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Bought with Keller Williams Real Estate