71 E Main Street, Nanticoke City, PA 18634 (MLS# SC-251348)
71 E Main Street, Nanticoke City, PA 18634
$534,900
Property Type:
Residential Income
Bedrooms:
12
Baths:
9
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$534,900
List Date:
3/31/2025
Last Modified:
4/14/2025
Description
Prepossessing, and extremely well maintained! Excellent investment opportunity located in heart of Nanticoke City. This building features a nine-unit commercial building, which are occupied by tenants. There are seven apartments accompanied by two commercial storefronts with LOW taxes. Situated one block away from the Luzerne County Community College and directly opposite Geisinger Medical, Restaurants, post office, and municipal bus stop in a busy and growing area.
More Information MLS# SC-251348
Contract Information
Current Price: $534,900
List Price: $534,900
Status: Active
Listing Contract Date: 2025-03-31
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Morris Massre
Location Tax and Legal
Street Number: 71
Street Direction Prefix: E
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18634
County: Luzerne
General Property Information
Number Of Units Total: 9
Bedrooms Total: 12
Bathrooms Total: 9
Bathrooms Full: 9
Bathrooms Half: 2
Above Grade Finished Area: 7500
Living Area: 7500
Enhanced Accessible: No
Year Built: 1920
Year Built Source: Owner
New Construction YN: No
Lot Size Acres: 0.12
Lot Size Dimensions: 150x80
Waterfront YN: No
Basement YN: Yes
Stories: 4
Auction YN: No
List Price/SqFt: 71.32
Remarks and Miscellaneous
Public Remarks: Prepossessing, and extremely well maintained! Excellent investment opportunity located in heart of Nanticoke City. This building features a nine-unit commercial building, which are occupied by tenants. There are seven apartments accompanied by two commercial storefronts with LOW taxes. Situated one block away from the Luzerne County Community College and directly opposite Geisinger Medical, Restaurants, post office, and municipal bus stop in a busy and growing area.
Status Change Information
Major Change Timestamp: 2025-04-14T01:03:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-04-14T01:03:43Z
Status Change Timestamp: 2025-03-31
Income and Expenses
Annual Total Expense: 2760
Cap Rate: 7.51
Insurance Expense: 1500
Maintenance Expense: 1200
Net Operating Income: 3440
Operating Expense: 6200
Trash Expense: 2000
Unit 1
Unit #: Commerical 1
Actual Rent: 1200
SqFt Total: 1650
Baths Total: 1
Dining Room YN: No
Kitchen YN: Yes
Unit Remarks: Coffee Shop
Unit 2
Unit #: Commercial 2
SqFt Total: 850
Baths Total: 1
Dining Room YN: No
Kitchen YN: No
Unit 3
Unit #: 1 Studio
Actual Rent: 550
SqFt Total: 500
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Unit Remarks: Month to Month
Unit 4
Unit #: 2 Studio
Actual Rent: 550
SqFt Total: 500
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: No
Occupied YN: Yes
Unit Remarks: Month to Month
Unit 5
Unit #: 3
Actual Rent: 650
SqFt Total: 750
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Occupied YN: Yes
Unit 6
Unit #: 4
Actual Rent: 700
SqFt Total: 750
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Month to Month
Unit 7
Unit #: 5
Actual Rent: 750
SqFt Total: 835
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: No
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Month to Month
Unit 8
Unit #: 6
Actual Rent: 600
SqFt Total: 833
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: month to month
Unit 9
Unit #: 7
Actual Rent: 600
SqFt Total: 833
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Occupied YN: Yes
Property Features
Basement: Block
Levels: Three Or More
Listing Terms: Cash; Conventional
Listing Office: Christian Saunders Real Estate
Last Updated: April - 14 - 2025
Information deemed reliable but not guaranteed.