1393 1395 Old Trail Road, Clarks Summit, PA 18411 (MLS# SC-250670)
1393 1395 Old Trail Road, Clarks Summit, PA 18411
$431,000
Property Type:
Commercial Sale
Square Footage:
2,541
Lot Size (sq. ft.):
44,867
Status:
Active
Current Price:
$431,000
List Date:
2/18/2025
Last Modified:
3/28/2025
Description
A rare find in The Abingtons! Don't miss this fully leased 6-unit property with commercial zoning and strong financials. With an annual NET income of 40,000, this property is already performing and ready to make you the passive income that you desire. The tenants cover their own separate utilities, and the insanely low taxes keep expenses minimal. The buildings have been well maintained with multiple upgrades, making it a reliable, low-maintenance asset from day one.
The real upside? Commercial zoning. This isn't just another six-unit—there's flexibility here that most properties in this class don't offer. With low overhead, steady income, and clear value-add opportunities, there's room to push net earnings even higher. Whether you hold for cash flow or look to reposition, this one makes sense now and in the long run.
Showings will be permitted Sundays between 12-3PM. Please request in Showing Time.
More Information MLS# SC-250670
Contract Information
Current Price: $431,000
List Price: $431,000
Status: Active
Listing Contract Date: 2025-02-17
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Old Trail Road Clarks Summit LLC
Environmental Survey YN: No
Location Tax and Legal
Street Number: 1393
Street Name: 1395 Old Trail
Street Suffix: Road
State: PA
Postal Code: 18411
County: Lackawanna
General Property Information
Number Of Buildings: 2
Number Of Units Total: 6
Building Area Total: 2541
Building Area Total (Report Only): 2541
Enhanced Accessible: No
Year Built: 1949
Lot Size Acres: 1.03
Lot Size Dimensions: 90X450X85X510
Waterfront YN: No
Basement YN: Yes
Stories: 2
List Price/SqFt: 169.62
Remarks and Miscellaneous
Public Remarks: A rare find in The Abingtons! Don't miss this fully leased 6-unit property with commercial zoning and strong financials. With an annual NET income of 40,000, this property is already performing and ready to make you the passive income that you desire. The tenants cover their own separate utilities, and the insanely low taxes keep expenses minimal. The buildings have been well maintained with multiple upgrades, making it a reliable, low-maintenance asset from day one.
The real upside? Commercial zoning. This isn't just another six-unit—there's flexibility here that most properties in this class don't offer. With low overhead, steady income, and clear value-add opportunities, there's room to push net earnings even higher. Whether you hold for cash flow or look to reposition, this one makes sense now and in the long run.
Showings will be permitted Sundays between 12-3PM. Please request in Showing Time.
Status Change Information
Major Change Timestamp: 2025-03-28T17:13:10Z
Major Change Type: Price Change
Price Change Timestamp: 2025-03-28T17:13:10Z
Status Change Timestamp: 2025-02-18
Income and Expenses
Annual Total Expense: 8175.34
Cap Rate: 9
Electric Expense: 591.15
Fuel Expense: 494.7
Insurance Expense: 2760
Net Operating Income: 39464.66
Total Actual Rent: 3970
Trash Expense: 1793.84
Property Features
Basement: Unfinished
Business Type: Residential
Construction Materials: Block; Vinyl Siding
Cooling: None
Current Use: Multi-Family; Residential
Electric: Circuit Breakers
Foundation Details: Slab
Heating: Natural Gas
Levels: Two
Possible Use: Commercial; Multi-Family; Residential
Roof: Asphalt; Flat
Sewer: Septic Tank
Structure Type: House; Multi Family
Water Source: Well
Showing Requirements: 24 Hour Notice; Appointment Only
Listing Office: Revolve Real Estate
Last Updated: March - 28 - 2025
Information deemed reliable but not guaranteed.