118-120 S Sherman Street, Wilkes-Barre, PA 18702
$899,000
Property Type:
Commercial Sale
Square Footage:
8,000
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$899,000
List Date:
12/01/2023
Last Modified:
3/05/2024
Description
Nice investment opportunity in Wilkes Barre! This is a whole portfolio that includes 5 double units with a total of 10 units and all separate utilities.,
More Information MLS# 23-5207
Contract Information
Current Price: $899,000
List Price: $899,000
Status: Active
Listing Contract Date: 2023-12-01
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Aspitz Trust Portfolio
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 118-120
Street Direction Prefix: S
Street Name: Sherman
Street Suffix: Street
Municipality: Wilkes Barre City
State: PA
Postal Code: 18702
County: Luzerne
High School District: Wilkes-Barre Area
City Region: Wilkes-Barre City
County Tax Amount: 1195
School Tax Amount: 3570.51
Tax Annual Amount: 25000
Tax Year: 2023
Tax Assessed Value: 26500
Tax Information: Available
Parcel Number: 73-H10NW4-023-039-000
Additional Parcels YN: No
Zoning: mf
Zoning Description: Multi-Family
Directions: From Wilkes Barre: Wilkes-Barre Blvd. Continue onto N. Washington St. The home is on the left.
Tax Book Number: 281971/3021
General Property Information
Number Of Buildings: 5
Number Of Units Total: 10
Building Area Total: 8000
Building Area Total (Report Only): 8000
Enhanced Accessible: No
Year Built: 1950
Building Name: N/A
Lot Size Acres: 0.17
Lot Size Dimensions: 50x155
Lot Dimensions Source: Estimated
Land Lease YN: No
Basement YN: No
Stories: 2
Auction YN: No
List Price/SqFt: 112.38
Remarks and Miscellaneous
Public Remarks: Nice investment opportunity in Wilkes Barre! This is a whole portfolio that includes 5 double units with a total of 10 units and all separate utilities.,
Status Change Information
Major Change Timestamp: 2023-12-01T20:39:50Z
Major Change Type: New Listing
Status Change Timestamp: 2023-12-01
Concessions: No
Building Features
Included In Contract: Building Only
Income and Expenses
Annual Total Expense: 30300
Gross Income: 105522
Insurance Expense: 5760
Net Operating Income: 70522
New Taxes Expense: 24000
Water Expense: 1000
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 50
Property Features
Building Features: Public Restrooms; Turnkey Operations; See Remarks
Construction Materials: Aluminum Siding
Cooling: None
Current Financing: Other
Current Use: Multi-Family; Residential; Unimproved
Electric: Circuit Breakers
Flooring: Carpet; Ceramic Tile; Other
Heating: Electric; Natural Gas; Other; See Remarks
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level; Other; See Remarks
Owner Pays: Insurance; Sewer; Taxes; Water
Parking Features: On Street; None
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Tenant Pays: Cable TV; Electricity; Gas
Utilities: Cable Available
Water Source: Public; Other; See Remarks
Listing Office: ERA One Source Realty
Last Updated: March - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.