**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.
Sold
$460,000
205 N Main St, Bangor, PA 18013
9beds
7,084sqft
Multi Family
Built in 1900
-- sqft lot
$546,600 Zestimate®
$65/sqft
$1,559 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 18, 2022 at 06:13pm
Listed by:
Kathy Delaney,
Valley Star Real Estate,
Michelle Pietrouchie-Summers 610-428-9517,
Valley Star Real Estate
Bought with:
Kathy Delaney, RS339307
Valley Star Real Estate
Michelle Pietrouchie-Summers, rm424633
Valley Star Real Estate
Source: GLVR,MLS#: 684245
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Baseboard, Gas, Hot Water
Cooling
- Central Air, None
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 7,084 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved, Parking Lot, Unpaved
Features
- Stories: 3
Lot
- Size: 6,054 sqft
Details
- Parcel number: E9NE2A 5 18 0102
- Zoning: IL-LIGHT INDUSTRIAL COMME
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
Condition
- Unknown
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s), Fire Escape
Location
- Region: Bangor
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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$546,600
2% more+ $10,932
With Zillow Showcase(estimated)
$557,532