40 Market Street, Bangor, PA 18013
$445,000
Property Type:
Residential Income
Square Footage:
6,400
Lot Size (sq. ft.):
3,920
Status:
Closed
Current Price:
$445,000
List Date:
12/14/2023
Last Modified:
3/03/2025
Description
MULTIPLE OFFER RECEIVED. HIGHEST AND BEST BY FRIDAY 1/5 AT NOON.Beautiful 5 unit apartment building with retail store front on first fl. All apartments and store front have been renovated and are in excellent condition. Newer roofs, windows. Separate meters for tenants include water, electric and gas. Rents could be raised for additional income. Owner currently lives in first fl apartment and operated store front. Store front is currently one unit but could easily be converted back to 2 units for additional rental income. Perfect situation to operate your business and live in. First floor apartment is large an beautiful. Listing included additional lot in rear for parking (E9NE2D 6 6. Call listing agent for more details
More Information MLS# PM-111572
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $445,000
Current Price: $445,000
Status: Closed
Listing Contract Date: 2023-12-14
Location, Tax, and Legal
Parcel Number: E9NE2D-6-5-0102
Municipality: Bangor Borough
High School District: Bangor Area
Cnty&Muni Taxes (Legacy): 1357.46
School Tax Amount: 2649.21
Tax Annual Amount: 4006.67
Tax Assessed Value: 46600
Tax Book Number: 2005-1/474976
Zoning Description: Commercial
General Property Information
Building Area Source: Public Records
Stories: 3
Number Of Buildings: 1
Basement YN: Yes
Parking Total: 3
Lot Size Acres: 0.09
List Price/SqFt: 78.13
Sold Price/SqFt: 69.53
Building Area Total: 6400
Year Built: 1900
Currently Not Used
Number Of Units Total: 5
Remarks and Miscellaneous
Public Historical Remarks: Type: Built as Apartment, Kitchens: Modern, Bathrooms: Modern, Unit 5 Floor #: 1, Unit 4 Floor #: 2, Unit 3 Floor #: 1, Unit 2 Floor #: 2, Unit 1 Floor #: 2, Miscellaneous: Zoning Code GB, Miscellaneous: Cert of Occ Req'd Yes. Unit 1 Floor #: 2. Unit 2 Floor #: 2. Unit 3 Floor #: 1. Unit 4 Floor #: 2. Unit 5 Floor #: 1
Public Remarks: MULTIPLE OFFER RECEIVED. HIGHEST AND BEST BY FRIDAY 1/5 AT NOON.Beautiful 5 unit apartment building with retail store front on first fl. All apartments and store front have been renovated and are in excellent condition. Newer roofs, windows. Separate meters for tenants include water, electric and gas. Rents could be raised for additional income. Owner currently lives in first fl apartment and operated store front. Store front is currently one unit but could easily be converted back to 2 units for additional rental income. Perfect situation to operate your business and live in. First floor apartment is large an beautiful. Listing included additional lot in rear for parking (E9NE2D 6 6. Call listing agent for more details
Unit Details
1 Bedroom: 1
2 Bedroom: 2
3 Bedroom: 1
Income and Expenses
Gross Income: 52020
Net Operating Income: 37574
Insurance Expense: 8405
New Taxes Expense: 4006.67
Electric Expense: 600
Fuel Expense: 1200
Listing Terms
Cash: 1
Conventional: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 800
SqFt Total: 950
Rooms Total: 4
Beds Total: 1
Baths Total: 1
Unit Remarks: Appliances: range
Unit 2
Unit #: 2
Occupied YN: N
Actual Rent: 1000
SqFt Total: 1300
Rooms Total: 7
Beds Total: 3
Baths Total: 1
Unit Remarks: Appliances: range
Unit 3
Unit #: 3
Occupied YN: N
Actual Rent: 1300
SqFt Total: 1350
Rooms Total: 7
Beds Total: 3
Baths Total: 1
Unit Remarks: Appliances: range fridge
Unit 4
Occupied YN: Y
Actual Rent: 1235
SqFt Total: 1400
Rooms Total: 6
Beds Total: 2
Baths Total: 1
Unit Remarks: Appliances: range
Unit 5
Occupied YN: N
SqFt Total: 1600
Rooms Total: 3
Baths Total: 1
Unit Remarks: Appliances: 0
Electric
200+ Amp Service: 1
Cooling
None: 1
Heating
Natural Gas: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Paved: 1
Road Surface Type
Paved: 1
Location Tax and Legal
County: Northampton
Street Number: 40
Street Name: Market
Street Suffix: Street
City (Post Office): Bangor
State: PA
Postal Code: 18013
Status Change Information
Purchase Contract Date: 2024-01-06
Close Date: 2024-01-29
Close Price: 445000
Property Features
Listing Terms: Cash; Conventional
Electric: 200+ Amp Service
Cooling: None
Heating: Natural Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Parking Features: Paved
Road Surface Type: Paved
Listing Office:
Realty Solutions of PA
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
