445 Main Street Street, Laceyville, PA 18623 (MLS# SC-4956)

Current Price: $625,000 List Price: $625,000 Status: Pending Listing Contract Date: 2024-09-13 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: Lofton Newton Environmental Survey YN: No

Street Number: 445 Street Name: Main Street Street Suffix: Street State: PA Postal Code: 18623 County: Wyoming

Number Of Units Total: 10 Building Area Total: 8496 Building Area Total (Report Only): 8496 Enhanced Accessible: No Year Built: 1940 Lot Size Acres: 0.13 Lot Size Dimensions: 66x131x81x126 Lot Dimensions Source: Public Records Land Lease YN: No Waterfront YN: No Stories: 2 Auction YN: No List Price/SqFt: 73.56

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.

Major Change Timestamp: 2024-12-27T14:49:17Z Major Change Type: Status Change Status Change Timestamp: 2024-12-27 Purchase Contract Date: 2024-12-22

Included In Contract: Land/Building Flood Plain: No

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

Year Built Effective: 1940

Road Frontage Length: 66

Building Features: Emergency Lighting; Established Business; Fixtures Included; Loading Dock(s) Business Type: Mixed; Rental; Residential Community Features: Sidewalks; Street Lights Construction Materials: Frame; Vinyl Siding Cooling: Wall/Window Unit(s) Current Financing: Conventional Current Use: Investment; Multi-Family; Office Electric: 440+ Volts; Circuit Breakers Exterior Features: Lighting Fencing: Back Yard Flooring: Carpet; Luxury Vinyl; Tile; Vinyl Foundation Details: Block; Stone Heating: Electric Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Near Central Business District; Rectangular Lot; Sloped Owner Pays: Exterior Maintenance; Grounds Care; Sewer; Water Parking Features: Driveway; Gravel; On Street Possession: Negotiable Possible Use: Commercial; Residential Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Paved Roof: Asphalt; Shingle Security Features: Fire Escape Sewer: Public Sewer Special Licenses: None Special Listing Conditions: Standard Structure Type: Mixed Use; Office Tenant Pays: Electricity Utilities: Cable Connected; Electricity Connected; Phone Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent