231 Church Street, Montrose, PA 18801
$159,900
Property Type:
Commercial Sale
Square Footage:
2,970
Lot Size (sq. ft.):
2,614
Status:
Closed
Current Price:
$145,000
List Date:
5/14/2022
Last Modified:
12/10/2023
Description
Nice income property with a retail space and two apartments. One apartment is a 1 Bedroom and the second apartment is 2 bedroom / possibly could be used as a 3 bedroom. Main floor has a spacious retail or office space with 1/2 bath. This space features large display windows. This property has a private drive for parking as well as off street parking in the rear of the building. Furnace is only 5 years old, large dry basement fully insulated with spray foam. Rents eligible for increase. Gas rights are retained by the seller and do not transfer., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 21-1446
Contract Information
Current Price: $145,000
Sold Price: $145,000
Status: Closed
Listing Contract Date: 2021-04-22
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 3
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Robert & Patricia Aiken
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 231
Street Name: Church
Street Suffix: Street
Municipality: Montrose Borough
State: PA
Postal Code: 18801
County: Susquehanna
High School District: Montrose Area
City Region: Montrose
County Tax Amount: 351.98
Municipal Tax Amount: 520
School Tax Amount: 1632.54
Tax Annual Amount: 2504.51
Tax Year: 2021
Tax Assessed Value: 32500
Parcel Number: 124.13-2,038.00,000
Additional Parcels YN: No
Zoning Description: Commercial
Directions: from light in downtown Montrose , one block on the left going towards Grow Ave.
Tax Book Number: 0573-0101
General Property Information
Building Area Total: 2970
Building Area Total (Report Only): 2970
Enhanced Accessible: No
Year Built: 1950
Building Name: N/A
Lot Size Acres: 0.06
Lot Size Dimensions: 24x101x24x101
Land Lease YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 53.84
Sold Price/SqFt: 48.82
Remarks and Miscellaneous
Public Remarks: Nice income property with a retail space and two apartments. One apartment is a 1 Bedroom and the second apartment is 2 bedroom / possibly could be used as a 3 bedroom. Main floor has a spacious retail or office space with 1/2 bath. This space features large display windows. This property has a private drive for parking as well as off street parking in the rear of the building. Furnace is only 5 years old, large dry basement fully insulated with spray foam. Rents eligible for increase. Gas rights are retained by the seller and do not transfer., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-10-14T16:23:53Z
Major Change Type: Status Change
Price Change Timestamp: 2022-05-14T11:22:09Z
Status Change Timestamp: 2022-10-14
Purchase Contract Date: 2022-09-01
Close Date: 2022-10-14
Close Price: 145000
Concessions: No
Concessions Amount: 2500
Building Features
Included In Contract: Building Only
Office SqFt: 400
Retail SqFt: 760
Income and Expenses
Annual Total Expense: 12598
Electric Expense: 890
Fire Insurance Expense: 898
Gross Income: 27300
Heat Expense: 4300
Net Operating Income: 300
New Taxes Expense: 2490
Sewer Expense: 1960
Water Expense: 1860
Oil, Gas and Mineral Rights
Gas Rights Reserved: Gas Rights Reserved
Mineral Rights Reserved: Mineral Rights Reserved
Oil Rights Reserved: Oil Rights Reserved
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 24
Property Features
Building Features: Finished Office; High Traffic Area; Prime Location; Public Restrooms; Window(s)
Construction Materials: Vinyl Siding
Cooling: Central Air
Current Use: Office; Residential; Retail
Electric: Circuit Breakers
Flooring: Carpet; Vinyl
Heating: Hot Water; Oil
Levels: One and One Half
Listing Terms: Cash
Lot Features: Level; Near Central Business District
Parking Features: Unpaved; None
Possession: Negotiable
Road Frontage Type: City Street
Roof: Metal
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Listing Office: Across Country Real Estate
Last Updated: December - 10 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.