436 S Memorial Highway, Shavertown, PA 18708

$199,000
Property Type: Commercial Sale Baths: 3 Square Footage: 3,000 Status: Closed
Current Price: $199,000 List Date: 5/10/2024 Last Modified: 1/10/2025

Overview

Description

This investment opportunity presents a fully leased mixed-use property boasting a lucrative 13% CAP rate. The property features two spacious apartments along with versatile retail space, offering a diverse income stream. This property has an onsite well and septic along with a newly paved parking lot.

Listing Details MLS# 24-1771

Location, Tax & Legal

House # (1)
436
Street Direction Pfx
S
Street Name
Memorial
Street Suffix
Highway
City (Post Office)
Shavertown
State/Province
PA
Zip Code
18708
MLS Area
Back Mountain
County
Luzerne
Municipality
Kingston Twp
Develop/Subdivision
None
School District
Dallas
Zoning
Commercial
PIN#
F9S6002001-35
DB/Record Book
3022
Page
39878
Appeal Pending
No
Total County Assmnt
118300
Est County Tax
751.69
Est Total Tax
2482.87

Listing Information

For Sale
Y

Property Information

Realtor.COM Type
Commercial
Aprx Total SF
3000
SqFt Office
1200
Year Built Age
76 - 100 Yrs
# Spaces Off-Street
15
Total Bathrooms
3
Environmental Survey
N
SqFt Warehouse
0
Garage Stalls
No
# of Docks
0

Remarks Directions

Directions
309 South .3 miles from Hillside Rd.

Status Change Information

Under Contract Date
2024-10-30
Sold Date
2024-12-10

Remarks & Directions

Included
Apartment Appliances
Excluded
Tenant personal property
Hot Sheet Comment
price

More Information

Income & Expenses

Annual Gross Inc
37200
Water Exp
0
R.E. Tax Expense
2483
Fire Liab Ins Exp
2200
Other Exp
800
Annual Tot Expenses
5483
Ann Net B/4 Debt
29917

Heat Fuel Type

Electric
Yes

Heat Type

Electric Baseboard
Yes

Condition

Good
Yes

AC Type

Ductless
Yes

Water

Private Well
Yes

Exterior

Aluminum
Yes

Sewer

On-Site
Yes

Roof

Comp Shingle
Yes

Property Features

Basement
Yes

Present Use

Apartments
Yes
Retail
Yes

Ceiling Height

Up to 8'0'
Yes

Included in Sale

Existing Leases
Yes

Property Features

Heat Fuel Type: Electric Heat Type: Electric Baseboard AC Type: Ductless Water: Private Well Sewer: On-Site Exterior: Aluminum Condition: Good Roof: Comp Shingle Property Features: Basement Present Use: Apartments; Retail Ceiling Height: Up to 8'0' Included in Sale: Existing Leases
Listing Office: Classic Properties Kingston
Listing Agent: Charles Kasko
Last Updated: January - 10 - 2025
Information deemed reliable but not guaranteed.
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