Bangor Borough, PA 18013,205 North Main Street
$460,000
Est. payment /mo
$459,900
Est.Price: ?

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9 Beds
7 Baths
7,084 SqFt
SOLD DATE : 11/18/2022

Key Details

Sold Price $460,000

Property Type Condo

Sub Type Apartment Style

Listing Status Sold

Purchase Type For Sale

Square Footage 7,084 sqft

Price per Sqft $64

Subdivision Not In Development

MLS Listing ID 684245

Sold Date 11/18/22

Bedrooms 9

Full Baths 7

Year Built 1900

Annual Tax Amount $6,027

Lot Size 6,075 Sqft

Property Description

**6 Unit Investment Opportunity** Well-cared-for residential multi-unit in the heart of Bangor being sold at a 10.7% Cap Rate. This three-story building, zoned for six units, is being sold with its adjacent lot (.59 acres), which allows for tenant parking plus an additional eight spaces that can be rented to neighboring businesses. Landlord pays water, sewer, trash, and heat. Economical gas heat throughout keeps expenses low. Tenant pays electric, which includes hot water. Recent improvements include a complete renovation of the ground floor 2-bedroom apartment. Property is being sold AS-IS with a Conditional CO from the borough. Please note: CAP rate is Based on Bangor area market rents, not the current rents, which are below market value. Many long term tenants, all who want to stay.

Location

State PA

County Northampton

Area Bangor

Interior

Cooling Central AC, No Air

Exterior

Garage Paved Lot, Unpaved Lot

Garage Spaces 8.0

Building

Story 3.0

Sewer Public

Water Public

New Construction No

Schools

School District Bangor

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

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Listed by Valley Star Real Estate
Bought with Valley Star Real Estate

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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