71 E Main Street, Nanticoke City, PA 18634 (MLS# SC-251348)
71 E Main Street, Nanticoke City, PA 18634
$530,900
Property Type:
Residential Income
Bedrooms:
12
Baths:
9
Lot Size (sq. ft.):
5,227
Status:
Pending
Current Price:
$530,900
List Date:
3/31/2025
Last Modified:
5/07/2025
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: $530,900
List Price: $530,900
Status: Pending
List Date: 2025-03-31
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Morris Massre
Location Tax and Legal
House # (1): 71
Street Direction Pfx: E
Street Name: Main
Street Suffix: Street
City (Post Office): Nanticoke City
State/Province: PA
Zip Code: 18634
County: Luzerne
Geo Lat: 41.205251
Geo Lon: -76.003163
General Property Information
Total Bedrooms: 12
Total Bathrooms: 9
Total Full Baths: 9
Bathrooms Half: 2
Above Grade Finished Area: 7500
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
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: 2025-05-07T17:43:20Z
Major Change Type: Status Change
Price Change Timestamp: 2025-04-29T12:10:05Z
Status Change Timestamp: 2025-05-07
PurchaseContractDate: 2025-05-07
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 3
Unit #: 1 Studio
Unit 4
Unit #: 2 Studio
Unit 5
Unit #: 3
Unit 6
Unit #: 4
Unit 7
Unit #: 5
Unit 8
Unit #: 6
Unit 9
Unit #: 7
Property Features
Levels: Three Or More
Listing Terms: Cash
Listing Office: Christian Saunders Real Estate
Last Updated: May - 07 - 2025
Information deemed reliable but not guaranteed.