520-524 N. Main Street, Wilkes-Barre, PA 18702 (MLS# 21-515)

520-524 N. Main Street, Wilkes-Barre, PA 18702

$372,500

Property Type: Residential Income Square Footage: 8,300 Status: Closed

Current Price: $372,500 List Date: 2/10/2021 Last Modified: 9/12/2024

Overview

Description

Investors! 12 rental units in three separate buildings.520-524 N.Main St W-B & 831-833 N.Washington St W-B.Fully occupied. One unit is a commercial.See rental income breakdown by unit in document section. Many recent improvements including 3 new roofs,furnaces & interior upgrades.(See supplement in document section).Additional income is generated from coin op Washer & Dryer. A solid investment!

Listing Details MLS# 21-515

Location, Tax & Legal

Street Number: 520-524
Street Name: N. Main
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
House # (2): 831-833
Zoning: Multi-Family
PIN #: H10NE2015015 & H10NW2021003
DB/Record Book: 2547 & 2705
Page: 317 & 585
Total County Assmnt: 234700
Est County Tax: 1448.01
Est Total Tax: 8105.94

Listing Information

Listing Contract Date: 2021-02-07
Limited Service: No

Property Information

Property Sub Type: Multiple Buildings
Building Area Total: 8300
Est Age Range: 76 - 100 Yrs
# Spaces off-Street: 18
Parking: Off-Street
Realtor.COM Type: Multi-Family
Style: Multiple Buildings
Garage Stalls: No
Garage Type: None

Remarks Directions

Directions: 520-524 N. Main St - from public square in Wilkes-Barre, take N Main St. Property is on left. 831-833 N. Washington St. - Wilkes-Barre Blvd north to left onto N. Washington St. Property is on left.

Status Change Information

Purchase Contract Date: 2021-03-08
Close Date: 2021-05-28

Expenses

Annual Gross Income: 84480
Annual Electric Exp: 2623.2
Annual Gas Exp: 6214.74
Annual Water Exp: 4698.15
Annual Sewer Exp: 3209
Annual Garbage Remvl: 828.76
Annual Real Est Tax: 8105.94
Total Annl Expenses: 25676.79
Annual Othr Fuel Exp: 0
Annual Fire/Liabilty: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 58803.21

More Information

Appliances

# Ranges: 11
# Refrigerators: 11
# Washer: 2
# Dryers: 2

Unit 1 Info

Unit #: Yes
# Rooms: 3
# Bedrooms: Yes
# Baths: Yes
Heat in Rent: Y
Hot Water in Rent: Y
Approx SF: 600
Monthly Rent: 600
Kitchen Style: Modern
Lease: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y

Unit 2 Info

Unit #: 2
Approx SF: 730
# Rooms: 3
Monthly Rent: 600
# Bedrooms: Yes
Kitchen Style: 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: 750
# Rooms: 4
Monthly Rent: 700
# Bedrooms: 2
Kitchen Style: 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: 780
# Rooms: 3
Monthly Rent: 600
# Bedrooms: Yes
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 5 Info

Unit #: 5
Approx SF: 700
# Rooms: 3
Monthly Rent: 500
# Bedrooms: Yes
Kitchen Style: 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: 700
# Rooms: 3
Monthly Rent: 390
# Bedrooms: Yes
Kitchen Style: 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 7 Info

Unit #: 7
Approx SF: 720
# Rooms: 3
Monthly Rent: 550
# Bedrooms: Yes
Kitchen Style: 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 8 Info

Unit #: 8
Approx SF: 220
# Rooms: Yes
Monthly Rent: 390
# 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 9 Info

Approx SF: 600
Monthly Rent: 550
Kitchen Style: Modern
Lease: Y
Electric in Rent: N
Unit #: 9
# Rooms: 4
# Bedrooms: 2
# Baths: Yes
Heat in Rent: Y
Hot Water in Rent: Y
Water in Rent: Y
Sewer in Rent: Y

Remarks & Directions

Include: See itemized list in document section
Exclude: Occupants personal property
Hot Sheet Comment: new

Heat Fuel Type

Gas: Yes

Interior Finish

Drywall: Yes
Paneling: Yes
Plaster: Yes

Heat Type

Hot Water Radiator: Yes
Steam: Yes

Condition

Very Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Brick: Yes
Stucco: Yes
Vinyl: Yes

Sewer

Public: Yes

Roof

Comp Shingle: Yes

Hot Water Heater

Gas: Yes

Basement

Concrete Floor: Yes
Dirt Floor: Yes
Full Unfinished: Yes

MF Amenities

Coin-Op Washer/Dryer: Yes
Porch: Yes
Street Lights: Yes

Unit 10 Info

Unit #: 10
Approx SF: 870
# Rooms: 4
Monthly Rent: 600
# Bedrooms: 2
Kitchen Style: 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

Property Features

Heat Fuel Type: Gas Heat Type: Hot Water Radiator AC Type: None Condition: Very Good Exterior: Brick; Vinyl Hot Water Heater: Gas Basement: Full Unfinished

Listing Office: Berkshire Hathaway HomeServices Poggi, REALTORS Back Mtn

Listing Agent: Gail and Paul Pukatch

Last Updated: September - 12 - 2024

Information deemed reliable but not guaranteed.

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MLS Listing