464 S FRANKLIN Street, Wilkes-Barre, PA 18702

$1,200,000
Property Type: Residential Income Square Footage: 28,616 Status: Closed
Current Price: $1,200,000 List Date: 4/04/2013 Last Modified: 9/11/2024

Overview

Description

Fully occupied 1 & 2 bedroom apartments in 25 unit building currently set up as a 50 and over home. There are 13-2bdrm apartments @ $675 and 12-1bdrms @ $600. Tenants pay everything but water and sewer. There are 2 large community rooms, automatic backup generator, sprinkler system, maintainence and trash room on all 4 floors with air. This is a true turn key investment in great shape!

Listing Details MLS# 13-1279

Location, Tax & Legal

Street Number
464
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 #
H9SE4026016-73
DB/Record Book
3010
Page
24388
Total County Assmnt
610000
Est County Tax
3245
Est Total Tax
24572.35
Tax Year
2012

Listing Information

Listing Contract Date
2013-04-04
Limited Service
No

Property Information

Property Sub Type
Multi Family
Building Area Total
28616
Year Built
1984
Est Age Range
21 - 30 Yrs
# Spaces off-Street
10
Parking
Off-Street
Realtor.COM Type
Multi-Family
Style
3 or More Units

Remarks Directions

Directions
S Main to Academy to S Franklin

Status Change Information

Purchase Contract Date
2013-05-22
Close Date
2013-08-01

Expenses

Annual Gross Income
164125.72
Annual Electric Exp
11060.42
Annual Othr Fuel Exp
268.81
Annual Water Exp
7533.94
Annual Sewer Exp
8949.5
Annual Garbage Remvl
3030
Annual Real Est Tax
24572.35
Annual Snow Removal
437.5
Annual Gas Exp
0
Annual Fire/Liabilty
5163.92
Annual Flood Ins
0
Annual Lawn Maint.
0
Annual Other Misc
0
Total Annl Expenses
0
Anl Net Inc b/4 Debt
103109.28

More Information

Appliances

# Ranges
25
# Refrigerators
25

Unit 1 Info

Unit #
Yes
# Rooms
4
# Bedrooms
2
# Baths
Yes
Heat in Rent
N
Hot Water in Rent
Y
Approx SF
800
Monthly Rent
675
Kitchen Style
Modern
Lease
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 2 Info

Unit #
2
Approx SF
650
# Rooms
3
Monthly Rent
600
# Bedrooms
Yes
Kitchen Style
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

Remarks & Directions

Include
25 stoves, 25 refrigerators
Exclude
candy machines, coin op laundry, security pull cords and cameras all on contract with outside company
Hot Sheet Comment
new

Heat Fuel Type

Electric
Yes

Interior Finish

Drywall
Yes

Heat Type

Forced Air
Yes

Condition

Very Good
Yes

AC Type

Other - See Remarks
Yes

Water

Public
Yes

Exterior

Brick
Yes
Stucco
Yes

Sewer

Public
Yes

Roof

Other - See Remarks
Yes

Hot Water Heater

Electric
Yes

Basement

None
Yes

MF Amenities

Coin-Op Washer/Dryer
Yes
Dumpster
Yes

Property Features

Heat Fuel Type: Electric AC Type: Other - See Remarks Condition: Very Good Exterior: Brick Hot Water Heater: Electric Basement: None 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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