425 S FRANKLIN Street, Wilkes-Barre, PA 18702 (MLS# 16-5285) - McDermott & McDermott Real Estate, Inc.

425 S FRANKLIN Street, Wilkes-Barre, PA 18702

$675,000

coin operated laundry first floor

kitchen in 1 bedroom unit

kitchen in 2 bedroom

parking on 3 sides

parking on right side

parking on left side and rear

rear of building

rear with parking

left side of building

Property Type: Residential Income Square Footage: 30,618 Status: Closed

Current Price: $675,000 List Date: 9/29/2016 Last Modified: 9/11/2024

Overview

Description

This very attractive old school was transformed into a 24 unit building with 100% occupancy, all units have city occupancy permits, separate gas and electric, secured building with cameras inside and out and key fab entry, first floor coin op laundry, off street parking for 30 vehicles and most units have the really high ceilings! 5- 2beds, 8 lofts and 11- one bedrooms.

Listing Details MLS# 16-5285

Location, Tax & Legal

Street Number: 425
Street Direction Prefix: S
Street Name: FRANKLIN
Street Suffix: Street
State: PA
Postal Code: 18702
County: Luzerne
MLS Area Major: Wilkes Barre
SchoolDistrict: Wilkes-Barre
Township: Wilkes Barre City
Subdivision Name: None
Zoning: Residential
PIN #: H9SE4-024-022
DB/Record Book: 3007
Page: 215353
Total County Assmnt: 675000
Est County Tax: 3878.28
Est Total Tax: 19492.89

Listing Information

Listing Contract Date: 2016-09-29
Limited Service: No

Property Information

Property Sub Type: Multi Family
Building Area Total: 30618
Est Age Range: 100 Plus Yrs
# Spaces off-Street: 30
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Garage Stalls: No
Garage Type: None

Remarks Directions

Directions: to Academy to left on South Franklin. Building is on the right half way up the block.

Status Change Information

Purchase Contract Date: 2016-09-29
Close Date: 2016-10-07

Expenses

Annual Gross Income: 145224
Annual Electric Exp: 3349.95
Annual Gas Exp: 3349.95
Annual Water Exp: 10381.77
Annual Sewer Exp: 5278.72
Annual Real Est Tax: 19492.89
Total Annl Expenses: 46875.72
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 5100
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 98348.28

More Information

Appliances

# Ranges: 18
# Refrigerators: 17

Unit 1 Info

Unit #: 12
# Rooms: 4
# Bedrooms: 2
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: Y
Approx SF: 1190
Monthly Rent: 600
Kitchen Style: Semi-Modern
Lease: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 2 Info

Unit #: 35
Approx SF: 550
# Rooms: Yes
Monthly Rent: 475
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 3 Info

Unit #: 39
Approx SF: 975
# Rooms: 3
Monthly Rent: 550
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 4 Info

Unit #: 25
Approx SF: 750
# Rooms: 3
Monthly Rent: 475
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 5 Info

Unit #: 28
Approx SF: 1175
# Rooms: 4
Monthly Rent: 575
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 6 Info

Unit #: 31
Approx SF: 1175
# Rooms: 4
Monthly Rent: 575
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 7 Info

Unit #: 37
Approx SF: 550
# Rooms: Yes
Monthly Rent: 475
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 8 Info

Unit #: 14
Approx SF: 550
# Rooms: Yes
Monthly Rent: 475
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 9 Info

Approx SF: 725
Monthly Rent: 525
Kitchen Style: Semi-Modern
Lease: Y
Electric in Rent: N
Unit #: 22
# Rooms: 3
# Bedrooms: Yes
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Remarks & Directions

Include: 17 fridges and 19 stoves
Hot Sheet Comment: new

Heat Fuel Type

Electric: Yes
Gas: Yes

Interior Finish

Plaster: Yes

Heat Type

Electric Baseboard: Yes
Forced Air: Yes

Condition

Good: Yes

AC Type

Window Units: Yes

Water

Public: Yes

Exterior

Brick: Yes

Sewer

Public: Yes

Roof

Rolled: Yes

Hot Water Heater

Gas: Yes

Basement

Concrete Floor: Yes
Dirt Floor: Yes
Partial: Yes
Unfinished: Yes

MF Amenities

Coin-Op Washer/Dryer: Yes
Dumpster: Yes

Unit 10 Info

Unit #: 38
Approx SF: 725
# Rooms: 3
Monthly Rent: 525
# Bedrooms: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Property Features

Heat Fuel Type: Electric; Gas AC Type: Window Units Condition: Good Exterior: Brick Hot Water Heater: Gas Basement: Partial; Unfinished MF Amenities: Dumpster

Listing Office: Classic Properties Kingston

Listing Agent: Larissa Cleary

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.

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