1225 S Main Street, Old Forge, PA 18518 (MLS# 23-1440)

1225 S Main Street, Old Forge, PA 18518

$295,000

Property Type: Commercial Sale Square Footage: 5,321 Lot Size (sq. ft.): 66,647 Status: Closed

Current Price: $295,000 List Date: 4/20/2023 Last Modified: 9/14/2024

Description

This building has so much untapped potential Rents are FAR BELOW market value. This can be a great live in rental investment . house comes with extra 1 acre river front lot . Enjoy your summers down by the river and collect rent , let the tenants pay your small mortgage. Rents should be 800-900 for each 2 bedroom and 1000-1100 for the 3 bedroom if each unit is given a face lift rents could be higher, Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: This building can easily gross 65k-70k. most of the tenants are long term tenants and their rents are duper low EXTRA lot tax ID 18411010001 taxes for extra lot are $335.28, No Overhead Door: Y

More Information MLS# 23-1440

Contract Information

Current Price: $295,000 Sold Price: $295,000 Status: Closed Listing Contract Date: 2023-03-10 Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Katherine Agostini Environmental Survey YN: No

Location Tax and Legal

Street Number: 1225 Street Direction Prefix: S Street Name: Main Street Suffix: Street State: PA Postal Code: 18518 County: Lackawanna

General Property Information

Building Area Total: 5321 Building Area Total (Report Only): 5321 Enhanced Accessible: No Year Built: 1920 Building Name: N/A Garage Spaces: 1773 Parking Total: 8 Lot Size Acres: 1.53 Lot Size Dimensions: 75X124X75X135 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Auction YN: No List Price/SqFt: 71.23 Sold Price/SqFt: 55.44

Remarks and Miscellaneous

Public Remarks: This building has so much untapped potential Rents are FAR BELOW market value. This can be a great live in rental investment . house comes with extra 1 acre river front lot . Enjoy your summers down by the river and collect rent , let the tenants pay your small mortgage. Rents should be 800-900 for each 2 bedroom and 1000-1100 for the 3 bedroom if each unit is given a face lift rents could be higher, Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: This building can easily gross 65k-70k. most of the tenants are long term tenants and their rents are duper low EXTRA lot tax ID 18411010001 taxes for extra lot are $335.28, No Overhead Door: Y Exclusions: No

Status Change Information

Major Change Timestamp: 2023-04-20T18:23:06Z Major Change Type: Status Change Status Change Timestamp: 2023-04-20 Purchase Contract Date: 2023-03-13 Close Date: 2023-04-17 Close Price: 295000 Concessions: No Buyer Financing: Cash

Building Features

Included In Contract: Building Only Number of Docks: 3 Office SqFt: 1860 Retail SqFt: 1773 Warehouse SqFt: 1688

Road Frontage Type

Road Frontage Length: 75

Property Features

Building Features: Other Construction Materials: Brick Cooling: None Current Use: Residential Electric: Circuit Breakers Flooring: Carpet Heating: Other; See Remarks Levels: Three Or More Listing Terms: Cash Lot Features: Level Parking Features: Asphalt; Parking Lot Possession: Negotiable Road Frontage Type: Highway Road Surface Type: Paved Roof: Rolled/Hot Mop Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Text Listing Agent

Listing Office: ERA One Source Realty

Last Updated: September - 14 - 2024

Information deemed reliable but not guaranteed.