486 Hazle Street, Wilkes-Barre, PA 18702 (MLS# 23-648)

486 Hazle Street, Wilkes-Barre, PA 18702

$1,250,000

Property Type: Residential Income Square Footage: 9,600 Status: Closed

Current Price: $1,250,000 List Date: 2/21/2023 Last Modified: 9/12/2024

Overview

Description

Don't miss out on this incredible investment opportunity! This stunning, modern property features 9 units, each thoughtfully designed with a sleek contemporary aesthetic. The property boasts an ample newly paved parking lot, new stucco with 1/2'' Styrofoam insulation, new exterior paint, new framing throughout building, a newer torch down roof, 11 security cameras, 2 car garage, & 2 metal sheds

Supplements: for storage or potential additional income. Also included with the property is an unused completely fenced 20,000 square foot lot. Located in a highly desirable area, close to major shopping and highways, this property offers excellent potential for rental income. Act fast and make this incredible property yours today!

Listing Details MLS# 23-648

Location, Tax & Legal

Street Number: 486
Street Name: Hazle
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: Community Business
PIN #: I9NE3017010, I9NE301709A, I9NE3017009
DB/Record Book: 3006, 3018
Page: 264291, 221426
Total County Assmnt: 248400
Est County Tax: 1578.36
Est Total Tax: 9354.31

Listing Information

Listing Contract Date: 2023-02-21

Property Information

Property Sub Type: Multi Family
Building Area Total: 9600
Est Age Range: 51 - 75 Yrs
# Spaces off-Street: 18
Parking: Off-Street
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Garage Stalls: 2
Garage Type: Detached

Remarks Directions

Directions: Blackman Street, turn left onto Hazle street, Property on the right hand side across from laundromat

Status Change Information

Purchase Contract Date: 2023-04-05
Close Date: 2023-07-07

Expenses

Annual Gross Income: 126600
Annual Electric Exp: 2143
Annual Gas Exp: 1738
Annual Water Exp: 2520
Annual Sewer Exp: 2118.24
Annual Garbage Remvl: 2832
Annual Real Est Tax: 9354.31
Total Annl Expenses: 23806.85
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 2838.72
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 102793

More Information

Unit 1 Info

Unit #: Yes
# Rooms: 4
# Bedrooms: 2
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: N
Approx SF: 1000
Monthly Rent: 1200
Kitchen Style: Modern
Lease: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 2 Info

Unit #: 2
Approx SF: 1000
# Rooms: 4
Monthly Rent: 1050
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 3 Info

Unit #: 3
Approx SF: 1000
# Rooms: 4
Monthly Rent: 1100
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 4 Info

Unit #: 4
Approx SF: 1000
# Rooms: 4
Monthly Rent: 1250
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 5 Info

Unit #: 5
Approx SF: 550
# Rooms: Yes
Monthly Rent: 1000
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 6 Info

Unit #: 6
Approx SF: 550
# Rooms: Yes
Monthly Rent: 1100
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 7 Info

Unit #: 7
Approx SF: 550
# Rooms: Yes
Monthly Rent: 1000
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Unit 8 Info

Unit #: 8
Approx SF: 1200
# Rooms: 4
Monthly Rent: 1100
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 9 Info

Approx SF: 1590
Monthly Rent: 1750
Kitchen Style: Modern
Lease: N
Electric in Rent: N
Unit #: 9
# Rooms: 4
# Bedrooms: 2
# Baths: 2
Heat in Rent: N
Hot Water in Rent: N
Water in Rent: N
Sewer in Rent: N

Remarks & Directions

Include: 8 refrigerators, 9 stoves, 1 DW, 2 microwaves, 11 security cameras, extra appliances in basement
Exclude: Unit 9 light fixtures, refrigerator, water filtration system, washer & dryer. tenants and sellers personal property
Hot Sheet Comment: new

Heat Fuel Type

Electric: Yes
Gas: Yes

Interior Finish

Drywall: Yes

Heat Type

Electric Baseboard: Yes
Forced Air: Yes
Heat Pump: Yes
Hot Water Baseboard: Yes

Condition

Excellent: Yes

AC Type

Central: Yes
Window Units: Yes
Other - See Remarks: Yes

Water

Public: Yes

Exterior

Stucco: Yes

Sewer

Public: Yes

Roof

Rubber: Yes

Basement

Concrete Floor: Yes

MF Amenities

Dumpster: Yes
Fencing: Yes
Shed/Storage Bldg: Yes

Property Features

Heat Fuel Type: Electric; Gas Heat Type: Heat Pump; Hot Water Baseboard AC Type: Central; Window Units; Other - See Remarks Condition: Excellent MF Amenities: Dumpster

Listing Office: Classic Properties Kingston

Listing Agent: Sara Oliver

Last Updated: September - 12 - 2024

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing