140 W River Street, Wilkes-Barre, PA 18702 (MLS# SC-6278)

140 W River Street, Wilkes-Barre, PA 18702

$699,000
Property Type: Residential Income Bedrooms: 12 Baths: 6 Lot Size (sq. ft.): 13,068 Status: Active
Current Price: $699,000 List Date: 12/11/2024 Last Modified: 12/16/2024

Description

This well-maintained 6-unit building features stylish 2-bedroom apartments, all updated since 2023. Located just one block from Wilkes University, it's perfect for attracting tenants. The property includes a spacious lot measuring 220x60, offering ample parking for residents. Don't miss out on this prime investment in excellent condition!

More Information MLS# SC-6278

Contract Information

Current Price: $699,000 List Price: $699,000 Status: Active Listing Contract Date: 2024-12-11 Property Sub Type: Multi Family Listing Agreement: Exclusive Agency Owner Name: Allegheny MT 1 LP

Location Tax and Legal

Street Number: 140 Street Direction Prefix: W Street Name: River Street Suffix: Street State: PA Postal Code: 18702 County: Luzerne

General Property Information

Number Of Units Total: 6 Bedrooms Total: 12 Bathrooms Total: 6 Bathrooms Full: 6 Above Grade Finished Area: 6300 Below Grade Finished Area: 6300 Living Area: 12600 Enhanced Accessible: No Year Built: 1950 Year Built Source: Estimated New Construction YN: No Garage YN: No Open Parking Spaces: 12 Parking Total: 12 Lot Size Acres: 0.3 Lot Size Dimensions: 220x60 Land Lease YN: No Waterfront YN: No Basement YN: Yes Stories: 3 Units Furnished: None Auction YN: No List Price/SqFt: 55.48

Remarks and Miscellaneous

Public Remarks: This well-maintained 6-unit building features stylish 2-bedroom apartments, all updated since 2023. Located just one block from Wilkes University, it's perfect for attracting tenants. The property includes a spacious lot measuring 220x60, offering ample parking for residents. Don't miss out on this prime investment in excellent condition!

Status Change Information

Major Change Timestamp: 2024-12-11T16:33:16Z Major Change Type: New Listing Status Change Timestamp: 2024-12-11

Income and Expenses

Annual Total Expense: 15900 Gross Income: 83160 Insurance Expense: 4500 Net Operating Income: 67260 Operating Expense: 5500

Unit 1

Unit #: A Actual Rent: 1300 Security Deposit $: 1300 SqFt Total: 1100 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-04-30

Unit 2

Unit #: B Actual Rent: 950 Security Deposit $: 950 SqFt Total: 1100 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2024-12-31

Unit 3

Unit #: C Actual Rent: 1330 Security Deposit $: 1300 SqFt Total: 1100 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-02-28

Unit 4

Unit #: D Actual Rent: 1350 Security Deposit $: 1350 SqFt Total: 1100 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-01-31

Unit 5

Unit #: E Actual Rent: 1000 SqFt Total: 950 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: No Unit Remarks: Listed for Rent

Unit 6

Unit #: F Actual Rent: 1000 Security Deposit $: 1000 SqFt Total: 950 Baths Total: 1 Beds Total: 2 Rooms Total: 6 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2024-12-31

Unit Details

2 Bedroom: 6

Property Features

Appliances: Gas Oven; Gas Range; Refrigerator Basement: Concrete Current Use: Multi-Family Income Includes: Rent Only Laundry Features: Electric Dryer Hookup; In Basement; Washer Hookup Levels: Three Or More Operating Expense Includes: Maintenance Grounds; Trash; Water/Sewer Owner Pays: Common Area Maintenance; Pest Control; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: No Garage; Off Street Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Rubber Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Combination Lock Box; Showing Service; Text Listing Agent Structure Type: Multi Family Tenant Pays: Electricity Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public
Listing Office: Cobblestone Real Estate LLC
Last Updated: December - 16 - 2024
Information deemed reliable but not guaranteed.