485 S Franklin Street, Wilkes-Barre, PA 18702 (MLS# 22-2709)

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

Street Number: 485
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 #: 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

Listing Contract Date: 2022-06-14
Limited Service: No

Property Information

Property Sub Type: Multi Family
Building Area Total: 6000
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 12
Parking: Off-Street
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Garage Stalls: 2
Garage Type: Detached

Remarks Directions

Directions: Up Academy toward Hazle, Right at franklin.

Status Change Information

Purchase Contract Date: 2022-06-29
Close 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 Snow Removal: 500
Total Annl Expenses: 17670
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 2130
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 31290

More Information

Unit 1 Info

Unit #: Yes
# Rooms: 4
# Bedrooms: 2
# Baths: Yes
Heat in Rent: Y
Hot Water in Rent: Y
Approx SF: 800
Monthly Rent: 645
Kitchen Style: Semi-Modern
Lease: 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 AC Type: Other - See Remarks Condition: Very Good Exterior: Brick; Wood

Listing Office: GPGH Realty LLC

Listing Agent: Stephen Franco

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing