20 Casey Avenue, Wilkes Barre Township, PA 18701 (MLS# 22-5464)

20 Casey Avenue, Wilkes Barre Township, PA 18701

$4,300,000

Property Type: Commercial Sale Baths: 32 Square Footage: 44,000 Lot Size (sq. ft.): 108,900 Status: Closed

Current Price: $4,300,000 List Date: 11/03/2022 Last Modified: 9/15/2024

Overview

Description

Check out this incredible investment opportunity to acquire a fully renovated, 30-unit apartment building in turnkey condition just minutes from downtown Wilkes-Barre, sitting on 2.5 acres with 70 parking spaces. Former school building transformed to a ''55+ Senior'' apartment building, with a mix of 1 and 2 bedroom modern apartments, featuring gas forced air heat and central air. All maintenance

Supplements: and utilities included in rent. Building has secure access by way of a coded touch-pad, elevator, sitting rooms in the common areas, public bathrooms on first and second floors and a recreation room in the basement. All individual HVAC systems for each apartment are accessed from the hallway for easy maintenance.

Listing Details MLS# 22-5464

Location, Tax & Legal

House # (1): 20
Street Name: Casey
Street Suffix: Avenue
City (Post Office): Wilkes Barre Township
State/Province: PA
Zip Code: 18701
MLS Area: Wilkes Barre
County: Luzerne
Municipality: Wilkes Barre Twp
Develop/Subdivision: None
School District: Wilkes-Barre
Zoning: Commercial
PIN#: I10NW4009001-69
DB/Record Book: 3022
Page: 146295
Appeal Pending: No
Total County Assmnt: 1066800
Est County Tax: 6581.73
Est Total Tax: 27953.15

Listing Information

For Sale: Y

Property Information

Realtor.COM Type: Commercial
Aprx Total SF: 44000
Year Built Age: 76 - 100 Yrs
# Acres: 2.5
Acreage Range: 1+ - 3 Acres
# Spaces Off-Street: 70
Total Bathrooms: 32
Environmental Survey: N
SqFt Office: 0
SqFt Warehouse: 0
Garage Stalls: No
# of Docks: 0

Remarks Directions

Directions: Wilkes-Barre Blvd to E Northampton St to Casey Ave.

Status Change Information

Under Contract Date: 2023-02-02
Sold Date: 2023-05-31

Remarks & Directions

Hot Sheet Comment: new

More Information

Income & Expenses

Cash Flow Stmt Avail: Yes
Annual Gross Inc: 462600
Sewer Exp: 12075
Water Exp: 9945
Electric Exp: 26500
Gas Exp: 12400
R.E. Tax Expense: 30726
Fire Liab Ins Exp: 25284
Other Exp: 16416
Annual Tot Expenses: 138746
Ann Net B/4 Debt: 323854

Heat Fuel Type

Gas: Yes

Heat Type

Forced Air: Yes

Condition

Excellent: Yes

AC Type

Central: Yes

Water

Public: Yes

Exterior

Brick: Yes

Sewer

Public: Yes

Roof

Rubber: Yes

Present Use

Apartments: Yes

Ceiling Height

9'1' to 10': Yes

Included in Sale

Land: Yes
Building: Yes
Existing Leases: Yes

Property Features

Heat Fuel Type: Gas Heat Type: Forced Air AC Type: Central Water: Public Sewer: Public Exterior: Brick Condition: Excellent Roof: Rubber Present Use: Apartments Ceiling Height: 9'1' to 10' Included in Sale: Land; Building; Existing Leases

Listing Office: Classic Properties Kingston

Listing Agent: Charles Kasko

Last Updated: September - 15 - 2024

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing