16 First Avenue, Kingston, PA 18704
$3,450,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$3,450,000
List Date:
1/28/2022
Last Modified:
12/11/2023
Description
TURNKEY RESIDENTIAL OPERATION! West Side Portfolio offering of 14 properties with 43, fully occupied units. This is a wonderful opportunity to add additional value and a large number of units to your portfolio in 1 shot. All buildings are well maintained. Contact agent for more details and a breakdown of each property., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Please contact agents for more details., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 22-285
Contract Information
Current Price: $3,450,000
Sold Price: $3,450,000
Status: Closed
Listing Contract Date: 2022-01-12
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Xito Group, LLC
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 16
Street Name: First
Street Suffix: Avenue
Municipality: Kingston Borough
State: PA
Postal Code: 18704
County: Luzerne
High School District: Wyoming Valley West
City Region: Kingston
Tax Annual Amount: 54671
Tax Year: 2021
Tax Assessed Value: 2269000
Parcel Number: See Documents
Additional Parcels YN: Yes
Zoning Description: Multi-Family
Directions: Portfolio offering 14 properties in the Kingston, Exeter, West Pittston Area.
Tax Book Number: See Documents
General Property Information
Enhanced Accessible: No
Year Built: 1950
Building Name: N/A
Lot Size Dimensions: See Documents
Land Lease YN: No
Basement YN: No
Stories: 1
Auction YN: No
Remarks and Miscellaneous
Public Remarks: TURNKEY RESIDENTIAL OPERATION! West Side Portfolio offering of 14 properties with 43, fully occupied units. This is a wonderful opportunity to add additional value and a large number of units to your portfolio in 1 shot. All buildings are well maintained. Contact agent for more details and a breakdown of each property., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Please contact agents for more details., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-04-07T19:45:47Z
Major Change Type: Status Change
Status Change Timestamp: 2022-04-07
Purchase Contract Date: 2022-01-21
Close Date: 2022-04-07
Close Price: 3450000
Concessions: No
Income and Expenses
Annual Total Expense: 125888
Gross Income: 403220
Net Operating Income: 277332
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Property Features
Building Features: Other; See Remarks
Construction Materials: Other
Current Use: See Remarks
Flooring: Other
Heating: Other; See Remarks
Levels: One
Listing Terms: Cash
Lot Features: Other; See Remarks
Parking Features: Other; See Remarks
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Other; See Remarks
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Lewith & Freeman Kingston
Last Updated: December - 11 - 2023
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.