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Key Details
Sold Price $820,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PM-117496
Sold Date 10/02/24
Year Built 1900
Annual Tax Amount $6,722
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 0.13
Property Sub-Type Multi Family
Source Pocono Mountains Association of REALTORS®
Property Description
INVESTMENT OPPORTUNITY IN DOWNTOWN NAZARETH! Nestled on bustling Main Street, this stunning 6-unit historic building exhibits charm with its quality brickwork, intricate Italianate details, and a striking segmented pediment atop a large cornice. The ground floor features 2 prime commercial spaces, one of which is already leased, while the upper floors house 4 modestly updated and fully occupied residential units. With current gross rents at approximately $75k and the potential to reach $90k upon leasing the second commercial space, this property is a gem for long term portfolio investors. Don't miss the chance to own a piece of Nazareth's history while enjoying a gilt-edge portfolio addition!
Location
State PA
County Northampton
Area 0.13
Interior
Heating Electric
Cooling Ceiling Fan(s)
Exterior
Exterior Feature Balcony
Parking Features Off Site
View Y/N No
Roof Type Other
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Tax ID J7SE3A-9-11-0421
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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Gregory Vassilatos
PA Realtor and Auctioneer | License ID: RSR000564
PA Realtor and Auctioneer License ID: RSR000564