$799,000
Kingston, PA 18704
MLS# 24-2593
6 baths | 4600 sqft
1 / 5
Property Description
Located in a desirable neighborhood near Kingston's vibrant downtown area, this well-maintained 6-unit apartment building presents an outstanding investment opportunity. The property boasts a strategic location that ensures high demand and stable occupancy rates, making it an attractive addition to any investor's portfolio. Each unit is designed with tenant comfort in mind, offering spacious
Details
Listing Information
Current Price: $799,000
List Price: $799,000
List Date: 2024-06-04
For Sale: Y
Limited Service: No
Property Information
Property Type: Commercial
Realtor.COM Type: Commercial
Aprx Total SF: 4600
SqFt Other: 4800
Year Built: 1940
Year Built Age: 76 - 100 Yrs
Stories: 3
Lot Size: 50x142
# Acres: 0.16
Total Bathrooms: 6
Environmental Survey: N
Location, Legal & Taxes
House # (1): 40
Street Name: Pierce
Street Suffix: Street
City (Post Office): Kingston
State/Province: PA
Zip Code: 18704
MLS Area: Kingston-Forty Fort-Swoyersville
County: Luzerne
Municipality: Kingston Boro
Develop/Subdivision: None
School District: Wyoming Valley West
Zoning: Residential
PIN#: 34G0SE3001020000
DB/Record Book: 1280
Page: 2028
Appeal Pending: No
Total County Assmnt: 128000
Est Total Tax: 3986
Remarks & Directions
Directions: Off Wyoming Avenue, near Rutter
Hot Sheet Comment: new
Status Change Information
Status: Active
Income & Expenses
Sewer Exp: 5670
Electric Exp: 500
Gas Exp: 6700
R.E. Tax Expense: 3986
Fire Liab Ins Exp: 2850
Property Features
Heat Fuel Type: Gas
Heat Type: Steam
AC Type: None
Water: Public
Sewer: Public
Exterior: Asbestos
Condition: Good
Roof: Comp Shingle
Present Use: Apartments
Ceiling Height: Up to 8'0'
Included in Sale: Land; Building
Supplements
layouts and modern amenities that appeal to quality renters. A significant advantage of this property is that tenants are responsible for their own gas and heat, substantially reducing the landlord's operational costs. Moreover, the building benefits from Kingston's low property taxes, further enhancing the net return on investment. With consistent rental income, low maintenance requirements, and proximity to the bustling downtown scene, this apartment building combines financial efficiency with potential for future appreciation, making it a smart and lucrative investment choice.
Listing Office: ERA One Source Realty
Listing Agent: Sunita Arora
Last Updated: September - 15 - 2024
Information deemed reliable but not guaranteed.