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    219-221 S Main Street

    BANGOR, PA 18013
    • $225,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: PANH108012
    $225,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1900
    County:

    School Information

    High School:
    School District:

    Description

    This is an investors dream! Why you may ask? Because: Simply put there are GREAT tenants in place, there are GREAT leases in place, the tenants want to stay and this property is a turn-key MONEY MAKER!!! Both sides of these twins are in great shape. Everything works and everything has been maintained. This seller truly takes pride in ownership which will show as you tour the property. With a 7.7% Cap Rate this property will provide you with a sound and safe investment and great cash flow. The 7.7% Cap Rate includes a 6% allowance for vacancies (which are actually -0-) if you add this back in your Cap Rate jumps to 8.5%. Showings are very limited to insure the great tenants safety during Covid. Tours are scheduled on a 1 to 1 basis with the owner. Appropriate notice is necessary and may take a few days. Thank you for your patience!

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-11T23:54:29.417.
    www.locomusings.com/homes/116271534
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    219-221 S Main Street BANGOR, PA 18013

    • Price: $225,000
    • Status: Active
    • ID#: PANH108012
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1900
    Built
    Neighborhood:
    Bangor Boro (12402)
    County:
    Northampton
    Area:
    Bangor Boro (12402)
    High School:
    Bangor Area
    School District:
    Bangor Area
    Property Description
    This is an investors dream! Why you may ask? Because: Simply put there are GREAT tenants in place, there are GREAT leases in place, the tenants want to stay and this property is a turn-key MONEY MAKER!!! Both sides of these twins are in great shape. Everything works and everything has been maintained. This seller truly takes pride in ownership which will show as you tour the property. With a 7.7% Cap Rate this property will provide you with a sound and safe investment and great cash flow. The 7.7% Cap Rate includes a 6% allowance for vacancies (which are actually -0-) if you add this back in your Cap Rate jumps to 8.5%. Showings are very limited to insure the great tenants safety during Covid. Tours are scheduled on a 1 to 1 basis with the owner. Appropriate notice is necessary and may take a few days. Thank you for your patience!
    Exterior Features

    Construction Materials Frame Garage YN No Location Type Suburban Lot Features Front YardRear Yard Parking Features PublicUnassigned Parking Types On Street Property Condition Very Good Riparian Rights YN No Road Responsibility Public Road Surface Type Paved Roof AsphaltSlate Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2846.00 Cooling Window Unit(S) Flooring CarpetConcreteHardwoodLaminatedTile/BrickVinylWoodOther Heating Baseboard - Electric Heating YN Yes

    Property Features

    Acceptable Financing CashConventionalFhaVa Accessibility Features Other Annual Gross Expense 8496.00 Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Current Use Apartments Electric Expense 0.00 Gross Income 27600.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Bangor Boro Insurance Expense 1218.00 Maintenance Expense 1.38 Navigable Water YN N Net Operating Income 17488.00 New Construction YN No Operating Expense 8496.00 Operating Expense Includes InsuranceRepair/MaintenanceSewerSnow RemovalLandscapingTrashWaterOther Original MLSNumber 304561357234 Ownership Interest Other Possession Negotiable Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 3670.00 Tax Assessment Amount 42700.00 Tax Lot 7 Total Actual Rent 27600.00 Trash Expense 713.00 Utilities Electric AvailableAbove GroundSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning R-7.8

    Listing courtesy of Keller Williams Real Estate - Allentown.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-11T23:54:29.417.
     
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    LoCoMusings | Century 21 Redwood Realty
    540 Fort Evans Road Suite 303
    Leesburg VA, 20176