$316,000
$400,000
21.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
4,911 SqFt
SOLD DATE : 06/06/2022
Key Details
Sold Price $316,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,911 sqft
Price per Sqft $64
Subdivision Not In Development
MLS Listing ID 687400
Sold Date 06/06/22
Bedrooms 8
Full Baths 4
Construction Status Unknown
HOA Y/N No
Year Built 1900
Annual Tax Amount $5,539
Lot Size 6,882 Sqft
Acres 0.158
Property Sub-Type Apartment
Property Description
Remodeled, cash flowing, 4-unit multi plus 3 garages located in the burgeoning Bangor market. Currently an 8.28% cap with projected & easily attained Gross of $60K, Net $50K, 12% Cap @ asking. TWO 3BRs & TWO 1BRs with THREE large garages greatly increase the value. Property/units have new kitchens, appliances, flooring, bathrooms, paint, recessed/LED lighting, new countertops, backsplash, new electric service, updated plumbing, entire roof replaced, new handrails, & wooden fencing. Punch list totaling $70,000.00 over the past year available. Due to COVID, the Seller is NOT showing, the buyer must present an LOI or AOS to gain access, inspections completed 02/02/2022 & available to cut due diligence period as well as seller correcting items in the inspection report. Cash offers will have the most weight. Sold "AS IS," "Where is." *This is SOLD as a 19 unit portfolio ONLY, not individually. Available @ MLS listing #687703
Location
State PA
County Northampton
Area Bangor
Direction Follow Hecktown Rd, PA-33 N and PA-191 N to S 3rd St in Bangor 25 min (16.6 mi) Turn right onto S 3rd St Destination will be on the right 20 s (167 ft) 31 S 3rd St Bangor, PA 18013
Interior
Heating Baseboard, Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Off Site
Water Access Desc Public
Total Parking Spaces 6
Building
Story 3
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Bangor
Others
Tax ID E9NE2A 2 8 0102
Energy Description 1.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA