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40 Market Street, Bangor, PA 18013 (MLS# PM-111572)

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

Overview

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

Listing Details MLS# PM-111572

General Property Information

Building Area Total
6400
Building Area Source
Public Records
Stories
3
Number Of Buildings
Yes
Year Built
1900
Basement YN
Yes
Parking Total
3
Lot Size Acres
0.09
List Price/SqFt
78.13
Sold Price/SqFt
69.53

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

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2023-12-14
Listing Service
Full Service

Location Tax and Legal

County
Northampton
Street Number
40
Street Name
Market
Street Suffix
Street
City (Post Office)
Bangor
State
PA
Postal Code
18013

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

Status Change Information

Purchase Contract Date
2024-01-06
Close Date
2024-01-29
Close Price
445000

More Information

Income and Expenses

Gross Income
52020
Net Operating Income
37574
Insurance Expense
8405
New Taxes Expense
4006.67
Electric Expense
600
Fuel Expense
1200

Unit 1

Unit #
Yes
Occupied YN
Y
Actual Rent
800
SqFt Total
950
Rooms Total
4
Unit Remarks
Appliances: range

Unit 2

Unit #
2
Occupied YN
N
Actual Rent
1000
SqFt Total
1300
Rooms Total
7
Unit Remarks
Appliances: range

Unit 3

Unit #
3
Occupied YN
N
Actual Rent
1300
SqFt Total
1350
Rooms Total
7
Unit Remarks
Appliances: range fridge

Unit 4

Occupied YN
Y
Actual Rent
1235
SqFt Total
1400
Rooms Total
6
Unit Remarks
Appliances: range

Unit 5

Occupied YN
N
SqFt Total
1600
Rooms Total
3
Unit Remarks
Appliances: 0

Unit Details

1 Bedroom
Yes
2 Bedroom
2
3 Bedroom
Yes

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

Currently Not Used

Number Of Units Total
5

Listing Terms

Cash
Yes
Conventional
Yes

Electric

200+ Amp Service
Yes

Cooling

None
Yes

Heating

Natural Gas
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Paved
Yes

Road Surface Type

Paved
Yes
Listing Office: Realty Solutions of PA
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.