Bought with NON MEMBER • Non Subscribing Office
$750,000
$750,000
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120 ARCH ST Catasauqua, PA 18032
5,442 Sqft Lot
Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PANH2007612
Style Other
Year Built 1900
Tax Year 2022
Lot Size 5,442 Sqft
Property Sub-Type Detached
Property Description
Beautiful buillding built in 1900 as a tavern and a hotel, currently serving as a rooming house consisting of 12 rooms, 4 bathrooms, 3 kitchenettes. There is a 2 room storage area with a half bathroom, which if desired, might be converted to additional rental. Large basement. Gross income is $90,480, net income is $68,691. Cap rate is 9.20%.
Upgrades include new windows, new kitchenetts, roof replaced in 2016 on part of the building, and 2024 roof on other part of the building, newish paint and floors throughout the building. Building is well maintained. Localed in desirable area, close to bus stops, shopping centers, it has all long term tenants carefully selected from multiple applications.
Also for sale under: MLS # PANH2007558 (commerical listing)
Location
State PA
County Northampton
Area Northampton Boro (12423)
Zoning R2
Interior
Hot Water Natural Gas
Heating Central, Forced Air, Steam
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Vinyl
Exterior
Utilities Available Above Ground, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Under Ground, Water Available
Water Access N
View City, Street
Roof Type Architectural Shingle,Flat,Pitched,Rubber
Building
Foundation Brick/Mortar, Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Catasauqua Area
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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