$4,300,000
Wilkes Barre Township, PA 18701
MLS# 22-5464
Status: Closed
32 baths | 44000 sqft
1 / 8
Property Description
Check out this incredible investment opportunity to acquire a fully renovated, 30-unit apartment building in turnkey condition just minutes from downtown Wilkes-Barre, sitting on 2.5 acres with 70 parking spaces. Former school building transformed to a ''55+ Senior'' apartment building, with a mix of 1 and 2 bedroom modern apartments, featuring gas forced air heat and central air. All maintenance
Details
Listing Information
For Sale: Y
Current Price: $4,300,000
List Price: $4,300,000
List Date: 2022-11-03
Property Information
Realtor.COM Type: Commercial
SqFt Office: 0
SqFt Warehouse: 0
Lot Size: 2.5 acres
Garage Stalls: 0
Year Built Age: 76 - 100 Yrs
# Acres: 2.5
Acreage Range: 1+ - 3 Acres
# Spaces Off-Street: 70
# of Docks: 0
Environmental Survey: N
Aprx Total SF: 44000
Total Bathrooms: 32
Location, Tax & Legal
Zoning: Commercial
PIN#: I10NW4009001-69
DB/Record Book: 3022
Page: 146295
Appeal Pending: No
Total County Assmnt: 1066800
Est County Tax: 6581.73
Est Total Tax: 27953.15
House # (1): 20
Street Name: Casey
Street Suffix: Avenue
City (Post Office): Wilkes Barre Township
State/Province: PA
Zip Code: 18701
MLS Area: Wilkes Barre
County: Luzerne
Municipality: Wilkes Barre Twp
Develop/Subdivision: None
School District: Wilkes-Barre
Remarks & Directions
Hot Sheet Comment: new
Income & Expenses
Cash Flow Stmt Avail: Yes
Annual Gross Inc: 462600
Sewer Exp: 12075
Water Exp: 9945
Electric Exp: 26500
Gas Exp: 12400
R.E. Tax Expense: 30726
Fire Liab Ins Exp: 25284
Other Exp: 16416
Annual Tot Expenses: 138746
Ann Net B/4 Debt: 323854
Heat Fuel Type
Gas: 1
Heat Type
Forced Air: 1
Condition
Excellent: 1
AC Type
Central: 1
Water
Public: 1
Exterior
Brick: 1
Sewer
Public: 1
Roof
Rubber: 1
Present Use
Apartments: 1
Ceiling Height
9'1' to 10': 1
Included in Sale
Land: 1
Building: 1
Existing Leases: 1
Remarks Directions
Directions: Wilkes-Barre Blvd to E Northampton St to Casey Ave.
Status Change Information
Status: Closed
Under Contract Date: 2023-02-02
Sold Date: 2023-05-31
Property Features
Heat Fuel Type: Gas
Heat Type: Forced Air
AC Type: Central
Water: Public
Sewer: Public
Exterior: Brick
Condition: Excellent
Roof: Rubber
Present Use: Apartments
Ceiling Height: 9'1' to 10'
Included in Sale: Land; Building; Existing Leases
Supplements
and utilities included in rent. Building has secure access by way of a coded touch-pad, elevator, sitting rooms in the common areas, public bathrooms on first and second floors and a recreation room in the basement. All individual HVAC systems for each apartment are accessed from the hallway for easy maintenance.
Listing Office: Classic Properties Kingston
Listing Agent: Charles Kasko
Last Updated: September - 15 - 2024
Information deemed reliable but not guaranteed.