528-532 Main Street, Archbald, PA 18403 (MLS# 23-3384)

528-532 Main Street, Archbald, PA 18403

$950,000

Property Type: Residential Income Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $950,000 List Date: 8/09/2023 Last Modified: 9/11/2024

Description

Big Time Money-Maker. Check out the ROI on This Massive Investment Opportunity In The Valley. Property Includes 12 Producing Residential Units, 14-Car Built-In Parking Garage, 6-Car Parking Lot And Tons of Storage Space. With Security All Set Up And Utilities Split, This Building is a No-Brainer. Many Updates Completed And Few More to go. Check it Out Now!, Semi-Modern Kitchen: Y, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern,SemiMod, Baths: SemiMod,Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2990.00, SqFt Fin - 2nd: 2790.00

More Information MLS# 23-3384

Contract Information

Current Price: $950,000 Sold Price: $950,000 Status: Closed Listing Contract Date: 2023-08-09 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: 532 N MAIN STREET LLC

Location Tax and Legal

Street Number: 528-532 Street Name: Main Street Suffix: Street State: PA Postal Code: 18403 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 12 Above Grade Finished Area: 5780 Living Area: 5780 Enhanced Accessible: No Year Built: 1950 New Construction YN: No Garage Spaces: 14 Parking Total: 6 Lot Size Acres: 0.21 Lot Size Dimensions: 53x121x90x64x37x59 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Big Time Money-Maker. Check out the ROI on This Massive Investment Opportunity In The Valley. Property Includes 12 Producing Residential Units, 14-Car Built-In Parking Garage, 6-Car Parking Lot And Tons of Storage Space. With Security All Set Up And Utilities Split, This Building is a No-Brainer. Many Updates Completed And Few More to go. Check it Out Now!, Semi-Modern Kitchen: Y, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern,SemiMod, Baths: SemiMod,Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2990.00, SqFt Fin - 2nd: 2790.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2023-10-31T18:27:58Z Major Change Type: Status Change Status Change Timestamp: 2023-10-31 Purchase Contract Date: 2023-10-08 Close Date: 2023-10-31 Close Price: 950000 Concessions: No Buyer Financing: Assumed

Income and Expenses

Gross Income: 142800 Sewer Expense: 1080 Water Expense: 3100

Unit 1

Unit #: 1 Actual Rent: 850 SqFt Total: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 2 Actual Rent: 800 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 3 Actual Rent: 1250 SqFt Total: 850 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit 4

Unit #: 4 Actual Rent: 950 SqFt Total: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 5 Actual Rent: 1000 SqFt Total: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit 6

Unit #: 6 Actual Rent: 775 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: 7 Actual Rent: 725 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit 8

Unit #: A Actual Rent: 1000 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit 9

Unit #: B Actual Rent: 1550 SqFt Total: 1200 Baths Total: 1 Beds Total: 4 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit 10

Unit #: C Actual Rent: 1000 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Newly Renovated

Unit Details

1 Bedroom: 5 2 Bedroom: 4 3 Bedroom: 2 4 Bedroom: 1

Road Frontage Type

Road Frontage Length: 121

Property Features

Architectural Style: Multiple Buildings Community Features: None Construction Materials: Brick; Vinyl Siding Cooling: Central Air; None Foundation Details: Slab Heating: Electric; Natural Gas Levels: One and One Half Listing Terms: 1031 Exchange; Cash Lot Features: Level Parking Features: Asphalt; Attached; Garage; Garage Door Opener; Off Street; On Street; Paved Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Rubber; Wood Security Features: Security System Sewer: Public Sewer Showing Requirements: Showing Service Water Source: Public

Listing Office: Keller Williams Real Estate-Clarks Summit

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.