120 Arch St

Beautiful building built in 1900 as a tavern and a hotel, currently serving as a rooming house consisting of 11 rooms, 3 bathrooms, 2 kitchenetts on 2nd and 3rd floor. Gross income is $74, 880, net income is $53,216 from 11 rooms rental on 6190 Square feet of space. The asking price includes 1100 Sq feet of empty area on the first floor being offered at $58 per square foot. It consists of 3 separate large areas, 2 bathrooms and a kitchen setup. If renovated and rented out, can boost your income tremendously. Upgrades include new windows, new kitchenetts, , roof 2016 on part of the building, and 2024 on other part of the building, newish paint and floor throughout 2nd and 3rd floor. Building is well maintained. Located in desirable area, close to bus stops, shopping centers, it has all long term tenants.