1225 S Main Street, Old Forge, PA 18518 (MLS# SC-4251)
1225 S Main Street, Old Forge, PA 18518
$549,900
Property Type:
Commercial Sale
Square Footage:
5,321
Lot Size (sq. ft.):
66,647
Status:
Active
Current Price:
$549,900
List Date:
8/14/2024
Last Modified:
9/14/2024
Description
Discover this well-maintained 6-unit property in the heart of Old Forge, a perfect addition to your investment portfolio. Situated on a spacious lot, with an additional parcel included, this property offers both immediate rental income and future potential.
Each unit is individually metered for electricity, allowing tenants to manage their own electric. The landlord provides essential services, covering water, gas, sewer, taxes, insurance, snow removal, and lawn care. This comprehensive coverage simplifies management and ensures the property remains in top condition.
Five of the six units are currently rented, providing a stable income stream. The additional lot offers opportunities for expansion, parking, or other developments.
Don't miss out on this exceptional opportunity in a desirable location. Contact us today to schedule a viewing and explore the potential of this unique investment.
This property does require flood insurance.
More Information MLS# SC-4251
Contract Information
Current Price: $549,900
List Price: $549,900
Status: Active
Listing Contract Date: 2024-08-14
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Seller Offers Concessions YN: No
Owner Name: NSV Investments LLC
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
Number Of Buildings: 1
Number Of Units Total: 6
Building Area Total: 5321
Building Area Total (Report Only): 5321
Enhanced Accessible: No
Year Built: 1920
Building Name: N/A
Garage Spaces: 3
Lot Size Acres: 1.53
Lot Size Dimensions: 75X124X75X135
Lot Dimensions Source: Estimated
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 3
Sign On Property YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 103.35
Remarks and Miscellaneous
Public Remarks: Discover this well-maintained 6-unit property in the heart of Old Forge, a perfect addition to your investment portfolio. Situated on a spacious lot, with an additional parcel included, this property offers both immediate rental income and future potential.
Each unit is individually metered for electricity, allowing tenants to manage their own electric. The landlord provides essential services, covering water, gas, sewer, taxes, insurance, snow removal, and lawn care. This comprehensive coverage simplifies management and ensures the property remains in top condition.
Five of the six units are currently rented, providing a stable income stream. The additional lot offers opportunities for expansion, parking, or other developments.
Don't miss out on this exceptional opportunity in a desirable location. Contact us today to schedule a viewing and explore the potential of this unique investment.
This property does require flood insurance.
Status Change Information
Major Change Timestamp: 2024-08-14T19:01:33Z
Major Change Type: New Listing
Status Change Timestamp: 2024-08-14
Building Features
Included In Contract: Building Only
Road Frontage Type
Road Frontage Length: 75
Property Features
Building Features: Other
Community Features: None
Construction Materials: Aluminum Siding; Brick
Cooling: None
Current Financing: Conventional
Current Use: Residential
Electric: Circuit Breakers
Flooring: Carpet; Linoleum; Tile; Wood
Heating: Other; See Remarks
Levels: Three Or More
Lot Features: Level
Owner Pays: Gas; Insurance
Parking Features: Asphalt; Parking Lot
Possession: Negotiable
Possible Use: Multi-Family
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rolled/Hot Mop
Sewer: Public Sewer
Structure Type: Multi Family
Tenant Pays: Electricity
Water Source: Public
Showing Requirements: Appointment Only; Occupied; Text Listing Agent
Listing Office: ERA One Source Realty
Last Updated: September - 14 - 2024
Information deemed reliable but not guaranteed.