609-617 E Main Street, Larksville, PA 18651 (MLS# SC-2475)
609-617 E Main Street, Larksville, PA 18651
$620,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
6
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$620,000
List Date:
5/12/2024
Last Modified:
4/04/2025
Description
There are two buildings in Larksville with a total of 16 apartments. Six of them are rented out, and the rest need some repair work. Estimate of $10k to $15k per apartment to make them rent ready. Both buildings have new blue metal roofs.
This deal isn't for first-time investors. You need to pay with cash, use a commercial loan, hard money, or private lending.
Showing the unoccupied units only. There are two parking lots for the buildings.
The pictures towards the end are more representative of the unoccupied units. Only three have been updated with new floors, kitchen cabinets, and cleaning.
Showings will be grouped together for efficiency. Tenants pay electric. Owner pays the remaining utilities: Water, Sewer, Trash, Lawn, Snow. POA has no info on past monthly expenses, and are estimated.
More Information MLS# SC-2475
Contract Information
Current Price: $620,000
Sold Price: $620,000
Status: Closed
List Date: 2024-05-10
Property Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Owner Name: BOREAL PROPERTIES LLC
Location Tax and Legal
House # (1): 609-617
Street Direction Pfx: E
Street Name: Main
Street Suffix: Street
City (Post Office): Larksville
State/Province: PA
Zip Code: 18651
County: Luzerne
Geo Lat: 41.245443
Geo Lon: -75.931306
General Property Information
Total Bedrooms: 6
Total Bathrooms: 6
Total Full Baths: 6
Above Grade Finished Area: 9820
Year Built: 1940
Year Built Source: Estimated
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.3
Lot Size Dimensions: 150x215x50x90x105x115
Lot Dimensions Source: Estimated
Waterfront YN: No
Basement YN: No
Remarks and Miscellaneous
Public Remarks: There are two buildings in Larksville with a total of 16 apartments. Six of them are rented out, and the rest need some repair work. Estimate of $10k to $15k per apartment to make them rent ready. Both buildings have new blue metal roofs.
This deal isn't for first-time investors. You need to pay with cash, use a commercial loan, hard money, or private lending.
Showing the unoccupied units only. There are two parking lots for the buildings.
The pictures towards the end are more representative of the unoccupied units. Only three have been updated with new floors, kitchen cabinets, and cleaning.
Showings will be grouped together for efficiency. Tenants pay electric. Owner pays the remaining utilities: Water, Sewer, Trash, Lawn, Snow. POA has no info on past monthly expenses, and are estimated.
Status Change Information
Major Change Timestamp: 2024-09-25T06:30:50Z
Major Change Type: Status Change
Status Change Timestamp: 2024-09-25
PurchaseContractDate: 2024-07-01
CloseDate: 2024-09-23
ClosePrice: 620000
Concessions: Yes
Buyer Financing: Other
Concessions Amount: 30000
Income and Expenses
Insurance Expense: 6267
Other Expense: 2367
Water Expense: 4951
Unit 1
Unit #: 617-D
Actual Rent: 600
SqFt Total: 600
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 3
Unit #: 609-5
Unit 4
Unit #: 609-4
Unit 5
Unit #: 609-3
Unit 6
Unit #: 609-1
Unit Details
Efficiency: 4
1 Bedroom: 12
Listing Office: LUXE Homes Real Estate LLC
Last Updated: April - 04 - 2025
Information deemed reliable but not guaranteed.