526 Langan Road, Pittston, PA 18640 (MLS# SC-1044)
526 Langan Road, Pittston, PA 18640
$610,000
Property Type:
Commercial Sale
Square Footage:
8,480
Lot Size (sq. ft.):
48,787
Status:
Closed
Current Price:
$610,000
List Date:
2/13/2024
Last Modified:
1/03/2025
Description
This 9-unit multi-family sits on 1.2 acres nestled in Pittston Township. Whether you are a first time or seasoned investor, this will be a lucrative opportunity for you! Plenty of off-street parking and is fully rented. Come check this one out!
All information is approximate and not warranted.
More Information MLS# SC-1044
Contract Information
Current Price: $610,000
Sold Price: $610,000
Status: Closed
Listing Contract Date: 2024-02-12
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: 526 Langan Street LLC
Environmental Survey YN: No
Location Tax and Legal
Street Number: 526
Street Name: Langan
Street Suffix: Road
State: PA
Postal Code: 18640
County: Luzerne
General Property Information
Number Of Units Total: 9
Building Area Total: 8480
Building Area Total (Report Only): 8480
Enhanced Accessible: No
Year Built: 1980
Lot Size Acres: 1.12
Lot Size Dimensions: 220x220x225x225
Stories: 2
Auction YN: No
List Price/SqFt: 73.7
Sold Price/SqFt: 71.93
Remarks and Miscellaneous
Public Remarks: This 9-unit multi-family sits on 1.2 acres nestled in Pittston Township. Whether you are a first time or seasoned investor, this will be a lucrative opportunity for you! Plenty of off-street parking and is fully rented. Come check this one out!
All information is approximate and not warranted.
Status Change Information
Major Change Timestamp: 2024-04-01T18:12:37Z
Major Change Type: Status Change
Status Change Timestamp: 2024-04-01
Purchase Contract Date: 2024-02-26
Close Date: 2024-03-29
Close Price: 610000
Concessions: No
Buyer Financing: Cash
Income and Expenses
Annual Total Expense: 14630
Cap Rate: 11
Insurance Expense: 4900
Sewer Expense: 1100
Total Actual Rent: 85800
Trash Expense: 1320
Property Features
Business Type: Rental; Residential
Community Features: None
Construction Materials: Vinyl Siding
Current Use: Multi-Family
Electric: 200+ Amp Service
Fencing: None
Flooring: Carpet; Laminate; Vinyl; Wood
Foundation Details: Block
Heating: Baseboard; Electric
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: 2nd Tier; Not In Development; Secluded; Wooded
Owner Pays: Common Area Maintenance; Exterior Maintenance; Roof Maintenance; Snow Removal; Taxes
Parking Features: Additional Parking; Off Street; Outside; Parking Lot
Possession: Close Of Escrow
Possible Use: Multi-Family
Property Condition: Updated/Remodeled
Road Frontage Type: County Road
Road Surface Type: Gravel; Paved
Roof: Shingle
Sewer: Septic Tank
Structure Type: Multi Family
Tenant Pays: All Utilities; Cable TV
Utilities: Cable Available
Water Source: Well
Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service
Listing Office: Next Door Real Estate LLC
Last Updated: January - 03 - 2025
Information deemed reliable but not guaranteed.