Restricted Address

Portland, PA 18343

$485,000
Price
5
Beds
5
Baths
5
1/2 Baths
4,500 Sq. Ft.
$108 / Sq. Ft.
4,500
Sq. Ft.
$108
per Sq. Ft.

Description

Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new...Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio. Schedule a showing today!
  1. Listed by Faith M Sarisky • Realty Solutions of PA

Property Details for Restricted Address

Municipality/ Twnshp
Portland Borough
LISTING UPDATED: 12/23/2024 08:31 AM

Property Details for Restricted Address

StatusActive
MLS #PM-121017
Days on Market10
Taxes$3,936 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti-Family
MLS TypeMulti-Family / Built as Apartment
Year Built1890
Lot Size0.08 AC / 3,484 SF
CountyNorthampton County

Building Information for Restricted Address

Stories2Residences-Year Built1890Lot Size0.08 AC / 3,484 SF

Property Information for Restricted Address

Summary
Location and General Information
  • Geo Lat: 40.922999
  • Geo Lon: -75.097128
  • Location/ Developmnt: Z Not In A Development
  • School District: Bangor Area
Parking
  • Parking: Offsite
  • # Parking Spaces: 5
Property
Lot Information
  • Year Built: 1890
  • Total Acres: 0.08
  • Number of Buildings: 1
  • Type: Built as Apartment
Property and Assessments
  • MLS Identifier: 20010820134441081568000000
  • MLS Approved: Y
  • Financing: Cash, Conventional
  • Possession: 34-45 Days, Settlement, Immediate
  • Miscellaneous: Cert of Occ Req'd: Yes
  • Miscellaneous: 1st Right of Refusal: Y
  • Miscellaneous: Zoning Code: B-Business
  • Picture Count: 48
  • Document Count: 2
Utilities
  • Sewer: Public
Interior and Exterior Features
Exterior Features
  • Stories: 2.0
  • Bsmt: Y
  • Fore: N
  • Exterior: Vinyl Siding, Wood Siding
  • Roof: Flat
Interior Features
  • Cooling: Electric, None, Wall/Window Unit(s)
  • Heating: Baseboard, Electric
  • Bathrooms: SemiMod
  • Features: Historic, Smoke Detector, Wash/Dry Hook Up
  • Hot Water: Electric
  • Kitchen: SemiMod
Multi Family
Multi-Family Information
  • Total Units: 5
  • Total Units: Total Units: 5.0
Income & Expenses
  • Financial Info: Gross Income: $56,700.00
  • Financial Info: Net Income: $39,912.00
  • Financial Info: Operating Expenses: $16,788.00
  • Financial Info: Insurance: $300.00
  • Financial Info: Water/Sewer: $563.00
  • Financial Info: Trash Removal: $123.00
  • Financial Info: Electric: $20.00
  • Financial Info: Taxes: $3,935.64
Unit 1
  • Unit 1: Unit #: 509 1A
  • Unit 1: Floor #: 1
  • Unit 1: SqFt: 1000.0
  • Unit 1: Rent/Month: $1,100.00
  • Unit 1: # Rooms: 5.0
  • Unit 1: # Beds: 2.0
  • Unit 1: # Baths: 1.0
  • Unit 1: Appliances: all no DW.
  • Unit 1: Occupied: Y
Unit 2
  • Unit 2: Unit #: 1B
  • Unit 2: Floor #: 1
  • Unit 2: SqFt: 1550.0
  • Unit 2: Rent/Month: $475.00
  • Unit 2: # Rooms: 3.0
  • Unit 2: # Beds: 0.0
  • Unit 2: # Baths: 1.0
  • Unit 2: Appliances: N/A
  • Unit 2: Occupied: Y
Unit 3
  • Unit 3: Unit #: 2A
  • Unit 3: Floor #: 2
  • Unit 3: SqFt: 650.0
  • Unit 3: Rent/Month: $1,100.00
  • Unit 3: # Rooms: 4.0
  • Unit 3: # Beds: 1.0
  • Unit 3: # Baths: 1.0
  • Unit 3: Appliances: See pictures
  • Unit 3: Occupied: Y
Unit 4
  • Unit 4: Unit #: 2B
  • Unit 4: Floor #: 2
  • Unit 4: SqFt: 650.0
  • Unit 4: Rent/Month: $875.00
  • Unit 4: # Rooms: 4.0
  • Unit 4: # Beds: 1.0
  • Unit 4: # Baths: 1.0
  • Unit 4: Appliances: See Pictures
  • Unit 4: Occupied: Y
Unit 5
  • Unit 5: Unit #: 2C
  • Unit 5: Floor #: 2
  • Unit 5: SqFt: 650.0
  • Unit 5: Rent/Month: $1,200.00
  • Unit 5: # Rooms: 4.0
  • Unit 5: # Beds: 1.0
  • Unit 5: # Baths: 1.0
  • Unit 5: Appliances: See Pictures
  • Unit 5: Occupied: Y
Unit 6
  • Unit 6: SqFt: 0.0
Unit 7
  • Unit 7: SqFt: 0.0
Unit 8
  • Unit 8: SqFt: 0.0
Unit 9
  • Unit 9: SqFt: 0.0
Unit 10
  • Unit 10: SqFt: 0.0
Unit 11
  • Unit 11: SqFt: 0.0
Unit 12
  • Unit 12: SqFt: 0.0
Unit 13
  • Unit 13: SqFt: 0.0
Unit 14
  • Unit 14: SqFt: 0.0
Unit 15
  • Unit 15: SqFt: 0.0
Agent
Sale and Listing
  • Public Remarks: Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio. Schedule a showing today!
  • Listing ID: PM-121017

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Restricted Address

This home is within Bangor Area School District.
Rating
School
Type
Grades
Distance
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
DeFranco Elementary School
Public5 to 6

Bangor Area Middle School
Public7 to 8

Bangor Area High School
Public9 to 12

Defranco El School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Restricted Address is for sale in Portland, PA 18343. This property was listed for sale on December 23, 2024 by Realty Solutions of PA, it's currently listed at $485,000. This listing's school district is Bangor Area School District. Nearby schools include DeFranco Elementary School, Bangor Area Middle School and Bangor Area High School. Restricted Address is a 5-bed, 7.5-bath, 4,500 sqft built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Solutions of PA

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.