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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.