$624,999
Wilkes-Barre, PA 18702
MLS# 24-4466
Status: Closed
5227 sqft
1 / 78
Property Description
Exciting Investment Opportunity! This 5+ unit commercial-zoned property is perfect for investors seeking strong rental income. Located in a prime area with high foot traffic, this property offers endless possibilities for mixed-use development. With 5 units currently rented, this is a turn-key solution for savvy buyers. College and university rentals could be a potential opportunity.
Details
Listing Information
Limited Service: No
Current Price: $624,999
List Price: $624,999
List Date: 2024-09-09
Property Information
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Est Age Range: 41 - 50 Yrs
Lot Size: 50x105
Garage Stalls: 1.5
Garage Type: Detached
Parking: Off-Street
Property Sub Type: Multi Family
Aprx Total SF: 5227
Location, Tax & Legal
Zoning: Commercial
PIN #: 73-H10NW4-023-025
DB/Record Book: 3019
Page: 62775
Total County Assmnt: 122200
Est County Tax: 776.46
Est Total Tax: 3029
House # (1): 279
Street Direction Pfx: N
Street Name: Main
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: None
Remarks & Directions
Include: Stove. Refrigerator
Exclude: Seller Personal Items
Hot Sheet Comment: new
Showing Instructions
Contact Showing Service - See Remarks: 1
Expenses
Annual Gross Income: 72000
Annual Electric Exp: 1050
Annual Gas Exp: 1100
Annual Othr Fuel Exp: 0
Annual Water Exp: 960
Annual Sewer Exp: 490
Annual Real Est Tax: 2453
Annual Fire/Liabilty: 1080
Annual Flood Ins: 0
Annual Lawn Maint.: 380
Annual Snow Removal: 0
Annual Other Misc: 0
Total Annl Expenses: 7513
Anl Net Inc b/4 Debt: 64487
Heat Fuel Type
Gas: 1
Interior Finish
Drywall: 1
Heat Type
Radiant: 1
Condition
Excellent: 1
AC Type
None: 1
Water
Public: 1
Exterior
Wood: 1
Sewer
Public: 1
Roof
Comp Shingle: 1
Hot Water Heater
Gas: 1
Basement
Concrete Floor: 1
Unit 1 Info
Unit #: 1
# Rooms: 4
Monthly Rent: 900
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 2
# Rooms: 8
Monthly Rent: 1100
# Bedrooms: 4
Kitchen Style: Semi-Modern
# Baths: 2
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 3
# Rooms: 4
Monthly Rent: 900
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Unit 4 Info
Unit #: 4
# Rooms: 4
Monthly Rent: 900
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Unit 5 Info
Unit #: 5
# Rooms: 6
Monthly Rent: 1100
# Bedrooms: 3
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 6 Info
Unit #: 6
# Rooms: 4
Monthly Rent: 900
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Remarks Directions
Directions: From Pierce St, Turn left onto N Main St. corner of Beaumont. Please use GPS From your Location.
Status Change Information
Status: Closed
Under Contract Date: 2024-10-08
Sold Date: 2024-11-01
Property Features
Showing Instructions: Contact Showing Service - See Remarks
Heat Fuel Type: Gas
Heat Type: Radiant
AC Type: None
Condition: Excellent
Exterior: Wood
Roof: Comp Shingle
Interior Finish: Drywall
Water: Public
Sewer: Public
Hot Water Heater: Gas
Basement: Concrete Floor
Supplements
The owner pays for water across the entire building. At 281, three units have all utilities included, while tenants at 279 cover gas and electricity. The first floor of 281 is vacant, previously used as a beauty salon. Four units are rented month-to-month, and one was recently rented.
Listing Office: Simplicity Realty
Listing Agent: Falconieri Lima de Jesus
Last Updated: November - 03 - 2024
Information deemed reliable but not guaranteed.
Broker Attribution:
570-855-6480