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  • $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

    **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.

    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#: 684245MLS LogoOriginating 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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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

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