438 W Broad Street, Hazleton, PA 18201 (MLS# 20-5374)

438 W Broad Street, Hazleton, PA 18201

$400,000

Property Type: Residential Income Square Footage: 3,920 Status: Closed

Current Price: $400,000 List Date: 5/01/2021 Last Modified: 9/11/2024

Overview

Description

Prime location, 8 unit apartment building in Historic Hazleton, Cap Rate of 10.2%. 4- 1 bedroom apartments, 2-2 bedroom apartments, and 2-3 bedroom units. Spacious easy to rent. A new flat roof in 2015. Net Income is $40,871.07. See Cash Flow report attached. Pre-qualification documents or proof of funds required before viewing.

Listing Details MLS# 20-5374

Location, Tax & Legal

Street Number: 438
Street Direction Prefix: W
Street Name: Broad
Street Suffix: Street
State: PA
Postal Code: 18201
County: Luzerne
MLS Area Major: Hazleton Area
SchoolDistrict: Hazleton
Township: Hazleton City
Subdivision Name: None
Zoning: Apartment Residential
PIN #: 71T8SW14007012000
DB/Record Book: 20070005794094
Page: 20070005794094
Total County Assmnt: 136400
Est County Tax: 1516.48
Est Total Tax: 3144.46

Listing Information

Listing Contract Date: 2020-11-29

Property Information

Property Sub Type: Multi Family
Building Area Total: 3920
Year Built: 1960
Est Age Range: 51 - 75 Yrs
Realtor.COM Type: Multi-Family
Style: 3 or More Units

Remarks Directions

Directions: Exit 162 off if I 80; left after exit exit; approx 6 miles to right on W Broad, Street

Status Change Information

Purchase Contract Date: 2021-06-02
Close Date: 2021-08-26

Expenses

Annual Gross Income: 65000
Annual Electric Exp: 2500
Annual Water Exp: 1740
Annual Sewer Exp: 5260
Annual Real Est Tax: 3200
Annual Snow Removal: 300
Total Annl Expenses: 25400
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 5000
Annual Flood Ins: 0
Annual Lawn Maint.: 300
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 0

More Information

Unit 1 Info

Unit #: Yes
# Rooms: 3
# Bedrooms: 2
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: N
Approx SF: 800
Monthly Rent: 670
Kitchen Style: Ordinary
Lease: Y
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 2 Info

Unit #: 2
Approx SF: 800
# Rooms: 4
Monthly Rent: 800
# Bedrooms: 3
Kitchen Style: Ordinary
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 3 Info

Unit #: 3
Approx SF: 700
Monthly Rent: 710
# Bedrooms: 2
# Baths: Yes

Unit 4 Info

Unit #: 4
Approx SF: 800
Monthly Rent: 810
# Bedrooms: 3
# Baths: Yes

Unit 5 Info

Unit #: 5
Approx SF: 500
Monthly Rent: 625
# Bedrooms: Yes
# Baths: Yes

Unit 6 Info

Unit #: 6
Approx SF: 500
# Rooms: Yes
Monthly Rent: 575
# Baths: Yes

Unit 7 Info

Unit #: 7
Approx SF: 500
Monthly Rent: 575
# Bedrooms: Yes
# Baths: Yes

Unit 8 Info

Unit #: 8
Approx SF: 500
Monthly Rent: 625
# Bedrooms: Yes
# Baths: Yes

Remarks & Directions

Hot Sheet Comment: new

Heat Fuel Type

Electric: Yes

Interior Finish

Drywall: Yes

Heat Type

Hot Water Baseboard: Yes

Condition

Fair: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Vinyl: Yes

Sewer

Public: Yes

Roof

Rubber: Yes

Hot Water Heater

Electric: Yes

Basement

Concrete Floor: Yes

Property Features

Heat Fuel Type: Electric Heat Type: Hot Water Baseboard AC Type: None Condition: Fair Exterior: Vinyl Hot Water Heater: Electric

Listing Office: Century 21 Signature Properties

Listing Agent: Chris Woronchuk

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing