464 S FRANKLIN Street, Wilkes-Barre, PA 18702 (MLS# 13-1279)

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

House # (1): 464
Street Direction Pfx: S
Street Name: FRANKLIN
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: 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

Limited Service: No

Property Information

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

Remarks Directions

Directions: S Main to Academy to S Franklin

Status Change Information

Under Contract Date: 2013-05-22
Sold 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 Fire/Liabilty: 5163.92
Annual Snow Removal: 437.5
Anl Net Inc b/4 Debt: 103109.28
Annual Gas Exp: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Other Misc: 0
Total Annl Expenses: 0

More Information

Appliances

# Ranges: 25
# Refrigerators: 25

Unit 1 Info

Unit #: Yes
Approx SF: 800
# Rooms: 4
Monthly Rent: 675
# Bedrooms: 2
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

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 Heat Type: Forced Air AC Type: Other - See Remarks Condition: Very Good Exterior: Brick; Stucco Roof: Other - See Remarks Interior Finish: Drywall Water: Public Sewer: Public Hot Water Heater: Electric Basement: None MF Amenities: Coin-Op Washer/Dryer; Dumpster

Listing Office: Classic Properties Kingston

Listing Agent: Larissa Cleary

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing