175 Old River Road, Wilkes-Barre, PA 18702

$499,000
Property Type: MultiFamily Square Footage: 4,010 Status: Active
Current Price: $499,000 List Date: 2/16/2023 Last Modified: 2/16/2023

Description

Great investment opportunity in Wilkes Barre close to Wilkes University and a short drive to King's College. Full brick building and a parking lot included with updates throughout the apartments. Almost fully rented with great income potential.

More Information MLS# 23-575

Listing Information

Current Price: $499,000 List Price: $499,000 List Date: 2023-02-16

Property Information

Property Type: Multi-Family Realtor.COM Type: Multi-Family Aprx Total SF: 4010 Year Built: 1950 Est Age Range: 51 - 75 Yrs Lot Size: 0.16

Location, Legal & Taxes

House # (1): 175 Street Name: Old River Street Suffix: Road 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 Zoning: Multi-Family PIN #: 73-H9SW3-009-016-000 DB/Record Book: 3020 Page: 144668 Total County Assmnt: 147300 Est Total Tax: 4282 Tax Year: 2022

Remarks & Directions

Directions: Kenedy Boulevard to Plank Street to W Ross Street, left on Old River Road Hot Sheet Comment: new

Status Change Information

Status: Active

Expenses

Annual Gross Income: 40200 Annual Electric Exp: 2640 Annual Water Exp: 1960 Annual Sewer Exp: 1960 Annual Garbage Remvl: 1440 Annual Real Est Tax: 4822 Annual Fire/Liabilty: 1027 Total Annl Expenses: 29298 Anl Net Inc b/4 Debt: 10902

Unit 1 Info

Unit #: 1 Approx SF: 310 # Rooms: 2 Monthly Rent: 925 # Bedrooms: 1 Kitchen Style: Ordinary # Baths: 1 Lease: Y Heat in Rent: Y Hot Water in Rent: Y Electric in Rent: Y Water in Rent: Y Sewer in Rent: Y

Unit 2 Info

Unit #: 2 Approx SF: 310 # Rooms: 2 # Bedrooms: 1 Kitchen Style: Ordinary # 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 3 Info

Unit #: 3 Approx SF: 1000 # Rooms: 4 Monthly Rent: 850 # Bedrooms: 2 Kitchen Style: Ordinary # Baths: 1 Lease: Y 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 Approx SF: 1000 # Rooms: 4 # Bedrooms: 2 Kitchen Style: Ordinary # 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 Approx SF: 1000 # Rooms: 4 Monthly Rent: 800 # Bedrooms: 2 Kitchen Style: Ordinary # Baths: 1 Lease: Y Heat in Rent: Y Hot Water in Rent: Y Electric in Rent: Y Water in Rent: Y Sewer in Rent: Y

Unit 6 Info

Unit #: 6 Approx SF: 890 # Rooms: 4 Monthly Rent: 850 # Bedrooms: 2 Kitchen Style: Ordinary # Baths: 1 Lease: Y Heat in Rent: Y Hot Water in Rent: Y Electric in Rent: Y Water in Rent: Y Sewer in Rent: Y

Property Features

Heat Fuel Type: Electric; Gas Heat Type: Electric Baseboard AC Type: None Condition: Good Exterior: Block Roof: Other - See Remarks Interior Finish: Other - See Remarks Water: Public Sewer: Public Hot Water Heater: Electric Basement: Full Unfinished
Listing Office: ERA One Source Realty
Listing Agent: Sunita Arora
Last Updated: February - 16 - 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.