445 Main Street Street, Laceyville, PA 18623 (MLS# SC-4956)
445 Main Street Street, Laceyville, PA 18623
$625,000
Property Type:
Commercial Sale
Square Footage:
8,496
Lot Size (sq. ft.):
5,663
Status:
Pending
Current Price:
$625,000
List Date:
12/20/2024
Last Modified:
12/27/2024
Description
A rare opportunity for the experienced investor offering a 10 percent+ Cap rate. This property offers 9 fully rented residential apartments with an excellent rental history+ a commercial unit Post Office leased through 2027. Corner lot with some off-street parking. Building was completely updated & renovated in 2010 with many units updated in 2022. Gross yearly income of nearly 90000., Semi-Modern Kitchen and baths. Separate tenant paid electric. SqFt Fin 8500. Financials available upon request. Must see to appreciate.
More Information MLS# SC-4956
Contract Information
Current Price: $625,000
List Price: $625,000
Status: Pending
List Date: 2024-09-13
Property Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Lofton Newton
Location Tax and Legal
House # (1): 445
Street Name: Main Street
Street Suffix: Street
City (Post Office): Laceyville
State/Province: PA
Zip Code: 18623
County: Wyoming
Geo Lat: 41.645531
Geo Lon: -76.161282
General Property Information
Building Area Total (Report Only): 8496
Year Built: 1940
Lot Size Acres: 0.13
Lot Size Dimensions: 66x131x81x126
Lot Dimensions Source: Public Records
Waterfront YN: No
Remarks and Miscellaneous
Public Remarks: A rare opportunity for the experienced investor offering a 10 percent+ Cap rate. This property offers 9 fully rented residential apartments with an excellent rental history+ a commercial unit Post Office leased through 2027. Corner lot with some off-street parking. Building was completely updated & renovated in 2010 with many units updated in 2022. Gross yearly income of nearly 90000., Semi-Modern Kitchen and baths. Separate tenant paid electric. SqFt Fin 8500. Financials available upon request. Must see to appreciate.
Status Change Information
Major Change Timestamp: 2024-12-27T14:49:17Z
Major Change Type: Status Change
Status Change Timestamp: 2024-12-27
PurchaseContractDate: 2024-12-22
Building Features
Included In Contract: Land/Building
Flood Plain: No
Income and Expenses
Annual Total Expense: 26858
Cap Rate: 10
Gross Income: 89685
Insurance Expense: 5640
Net Operating Income: 62828
Sewer Expense: 4200
Supplies Expense: 300
Trash Expense: 2568
Water Expense: 2400
Property Condition
Year Built Effective: 1940
Property Features
Building Features: Emergency Lighting; Established Business; Fixtures Included; Loading Dock(s)
Business Type: Rental
Community Features: Sidewalks; Street Lights
Construction Materials: Frame; Vinyl Siding
Current Financing: Conventional
Current Use: Investment; Multi-Family
Electric: Circuit Breakers
Exterior Features: Lighting
Fencing: Back Yard
Flooring: Carpet; Luxury Vinyl; Tile; Vinyl
Foundation Details: Block
Heating: Electric
Levels: Two
Listing Terms: Cash
Lot Features: Corner Lot; Near Central Business District; Rectangular Lot; Sloped
Owner Pays: Exterior Maintenance; Grounds Care
Parking Features: Driveway; Gravel; On Street
Road Frontage Type: City Street
Roof: Shingle
Security Features: Fire Escape
Sewer: Public Sewer
Special Listing Conditions: Standard
Structure Type: Mixed Use; Office
Utilities: Cable Connected; Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Coldwell Banker Town & Country Properties Montrose
Last Updated: December - 27 - 2024
Information deemed reliable but not guaranteed.