118-120 S Sherman Street, Wilkes-Barre, PA 18702 (MLS# 23-5207)

Current Price: $845,000 Sold Price: $845,000 Status: Closed Listing Contract Date: 2023-12-01 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Aspitz Trust Portfolio Environmental Survey YN: No

Street Number: 118-120 Street Direction Prefix: S Street Name: Sherman Street Suffix: Street State: PA Postal Code: 18702 County: Luzerne

Number Of Buildings: 5 Number Of Units Total: 10 Building Area Total: 8000 Building Area Total (Report Only): 8000 Enhanced Accessible: No Year Built: 1950 Building Name: N/A Lot Size Acres: 0.17 Lot Size Dimensions: 50x155 Lot Dimensions Source: Estimated Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Auction YN: No List Price/SqFt: 112.38 Sold Price/SqFt: 105.63

Public Remarks: Nice investment opportunity in Wilkes Barre! This is a whole portfolio that includes 5 double units with a total of 10 units and all separate utilities.,

Major Change Timestamp: 2024-08-05T16:06:27Z Major Change Type: Status Change Status Change Timestamp: 2024-08-05 Purchase Contract Date: 2024-06-10 Close Date: 2024-08-05 Close Price: 845000 Concessions: No Buyer Financing: Conventional

Included In Contract: Building Only

Annual Total Expense: 30300 Gross Income: 105522 Insurance Expense: 5760 Net Operating Income: 70522 New Taxes Expense: 24000 Water Expense: 1000

Road Frontage Length: 50

Building Features: Public Restrooms; Turnkey Operations; See Remarks Construction Materials: Aluminum Siding Cooling: None Current Financing: Other Current Use: Multi-Family; Residential; Unimproved Electric: Circuit Breakers Flooring: Carpet; Ceramic Tile; Other Heating: Electric; Natural Gas; Other; See Remarks Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Level; Other; See Remarks Owner Pays: Insurance; Sewer; Taxes; Water Parking Features: On Street; None Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Tenant Pays: Cable TV; Electricity; Gas Utilities: Cable Available Water Source: Public; Other; See Remarks