485 S Franklin Street, Wilkes-Barre, PA 18702

$285,000
Property Type: Residential Income Square Footage: 6,000 Status: Closed
Current Price: $285,000 List Date: 6/14/2022 Last Modified: 9/11/2024

Overview

Description

Just blocks from WIlkes U! A great building with strong heritage in the region! Supposedly one of the homes of an early mayor of Wilkes Barre. 5 units in front house, 1 above the carriage house in back, 3 of the units are being renovated to increase rents! Well maintained and updated...this property will generate great income for years to come

Listing Details MLS# 22-2709

Location, Tax & Legal

House # (1)
485
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 #
73-H9SE4 -032-027-000
DB/Record Book
03018
Page
084034
Total County Assmnt
0
Est County Tax
0
Est Total Tax
2165

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
6000
Est Age Range
76 - 100 Yrs
Garage Stalls
2
Garage Type
Detached
# Spaces off-Street
12
Parking
Off-Street

Remarks Directions

Directions
Up Academy toward Hazle, Right at franklin.

Status Change Information

Under Contract Date
2022-06-29
Sold Date
2022-07-18

Expenses

Annual Gross Income
48960
Annual Electric Exp
480
Annual Gas Exp
5400
Annual Water Exp
2300
Annual Sewer Exp
2400
Annual Garbage Remvl
1800
Annual Real Est Tax
5060
Annual Fire/Liabilty
2130
Annual Snow Removal
500
Total Annl Expenses
17670
Anl Net Inc b/4 Debt
31290
Annual Othr Fuel Exp
0
Annual Flood Ins
0
Annual Lawn Maint.
0
Annual Other Misc
0

More Information

Unit 1 Info

Unit #
Yes
Approx SF
800
# Rooms
4
Monthly Rent
645
# Bedrooms
2
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 2 Info

Unit #
2
Approx SF
800
# Rooms
4
Monthly Rent
735
# Bedrooms
2
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 3 Info

Unit #
3
Approx SF
700
# Rooms
3
Monthly Rent
700
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 4 Info

Unit #
4
Approx SF
850
# Rooms
4
Monthly Rent
750
# Bedrooms
2
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 5 Info

Unit #
5
Approx SF
700
# Rooms
3
Monthly Rent
650
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 6 Info

Unit #
6
Approx SF
800
# Rooms
4
Monthly Rent
600
# Bedrooms
2
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Remarks & Directions

Include
KITCHEN APPLIANCES NOT OWNED BY TENANT
Hot Sheet Comment
new

Heat Fuel Type

Gas
Yes

Interior Finish

Drywall
Yes
Plaster
Yes

Heat Type

Forced Air
Yes

Condition

Very Good
Yes

AC Type

Other - See Remarks
Yes

Water

Public
Yes

Exterior

Brick
Yes
Wood
Yes

Sewer

Public
Yes

Roof

Comp Shingle
Yes
Other - See Remarks
Yes

Basement

Other - See Remarks
Yes

Property Features

Heat Fuel Type: Gas Heat Type: Forced Air AC Type: Other - See Remarks Condition: Very Good Exterior: Brick; Wood Roof: Comp Shingle; Other - See Remarks Interior Finish: Drywall; Plaster Water: Public Sewer: Public Basement: Other - See Remarks
Listing Office: GPGH Realty LLC
Listing Agent: Stephen Franco
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.
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