140 W River Street, Wilkes-Barre, PA 18702 (MLS# SC-6278)
140 W River Street, Wilkes-Barre, PA 18702
$635,000
Property Type:
Residential Income
Bedrooms:
12
Baths:
6
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$635,000
List Date:
5/12/2025
Last Modified:
5/28/2025
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: $635,000
Sold Price: $635,000
Status: Closed
List Date: 2024-12-11
Property Type: Multi Family
Listing Agreement: Exclusive Agency
Owner Name: Allegheny MT 1 LP
Location Tax and Legal
House # (1): 140
Street Direction Pfx: W
Street Name: River
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
Geo Lat: 41.24317
Geo Lon: -75.895102
General Property Information
Total Bedrooms: 12
Total Bathrooms: 6
Total Full Baths: 6
Above Grade Finished Area: 6300
Below Grade Finished Area: 6300
Year Built: 1950
Year Built Source: Estimated
New Construction YN: No
Garage YN: No
Parking Total: 12
Lot Size Acres: 0.3
Lot Size Dimensions: 220x60
Waterfront YN: No
Basement YN: Yes
Units Furnished: None
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: 2025-05-28T15:18:48Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-17T22:50:12Z
Status Change Timestamp: 2025-05-28
PurchaseContractDate: 2025-05-12
CloseDate: 2025-05-28
ClosePrice: 635000
Concessions: No
Buyer Financing: Cash
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
SqFt Total: 1100
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2025-04-30
Unit 3
Unit #: C
Unit 4
Unit #: D
Unit 5
Unit #: E
Unit 6
Unit #: F
Unit Details
2 Bedroom: 6
Property Features
Appliances: Gas Oven; Gas Range; Refrigerator
Current Use: Multi-Family
Income Includes: Rent Only
Laundry Features: Electric Dryer Hookup; In Basement; Washer Hookup
Levels: Three Or More
Owner Pays: Common Area Maintenance; Repairs; Trash Collection
Parking Features: No Garage; Off Street
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Combination Lock Box; Showing Service; Text Listing Agent
Structure Type: Multi Family
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Cobblestone Real Estate LLC
Last Updated: May - 28 - 2025
Information deemed reliable but not guaranteed.