116-118 broad Street, Pittston, PA 18640 (MLS# 23-3847)

116-118 broad Street, Pittston, PA 18640

$315,880

Property Type: Residential Income Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $315,880 List Date: 12/30/2023 Last Modified: 9/11/2024

Description

Great investment opportunity in the newly revitalized Pittston Center City. This solid 4 unit building has all separate utilities with the exception of sewer. The current rents could easily be increased to provide more cash flow (potential $48,000 gross). This unit provides off street parking and is close to bus routes and all of the towns amenities., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1868.00, SqFt Fin - 2nd: 1868.00

More Information MLS# 23-3847

Contract Information

Current Price: $315,880 Sold Price: $315,880 Status: Closed Listing Contract Date: 2023-09-08 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Horizon Investments LLC

Location Tax and Legal

Street Number: 116-118 Street Name: broad Street Suffix: Street State: PA Postal Code: 18640 County: Luzerne

General Property Information

Number Of Buildings: 1 Number Of Units Total: 4 Above Grade Finished Area: 3736 Below Grade Unfinished Area: 1868 Living Area: 3736 Enhanced Accessible: No Year Built: 1920 New Construction YN: No Parking Total: 4 Lot Size Acres: 0.16 Lot Size Dimensions: 50x135 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Fireplace YN: No Spa YN: No Auction YN: No List Price/SqFt: 93.68 Sold Price/SqFt: 84.55

Remarks and Miscellaneous

Public Remarks: Great investment opportunity in the newly revitalized Pittston Center City. This solid 4 unit building has all separate utilities with the exception of sewer. The current rents could easily be increased to provide more cash flow (potential $48,000 gross). This unit provides off street parking and is close to bus routes and all of the towns amenities., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1868.00, SqFt Fin - 2nd: 1868.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2024-02-24T16:48:06Z Major Change Type: Status Change Status Change Timestamp: 2024-02-24 Purchase Contract Date: 2023-12-29 Close Date: 2024-02-23 Close Price: 315880 Concessions: Yes Buyer Financing: FHA Concessions Amount: 17880

Income and Expenses

Gross Income: 36600 Sewer Expense: 2200

Unit 1

Unit #: 1 Actual Rent: 700 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2024-01-31

Unit 2

Unit #: 2 Actual Rent: 700 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2024-02-29

Unit 3

Unit #: 3 Actual Rent: 650 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2023-10-31

Unit 4

Unit #: 4 Actual Rent: 1000 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes

Road Frontage Type

Road Frontage Length: 50

Property Features

Basement: Full Community Features: None Construction Materials: Aluminum Siding Cooling: None Heating: Baseboard; Electric Levels: One and One Half Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level Parking Features: Off Street; Unpaved Possession: Negotiable Road Frontage Type: City Street Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; No Sign; Text Listing Agent Water Source: Public

Listing Office: Cobblestone Real Estate LLC

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.