17 W Ross, Wilkes-Barre, PA 18701 (MLS# 20-5268)

Looking for a turnkey commercial investment with a solid ROI? This is the one! Fully remodeled from the ground up in 2007, the Cumberland Apartments are comprised of 50 studio units and 10 one-bedroom apartments, an excellent unit mix with 100% occupancy and access to plenty of parking. This one should be major maintenance free for many years to come. As part of the 2007 renovation, the entire building's plumbing and electrical system were replaced. Major improvements include a new rubberized flat roof, exterior windows, and new elevator. Individual hot water heaters and in-wall PTEC systems were added for each unit, as well as new high quality cabinetry and granite countertops. Common areas provide secure access, closed circuit security cameras, coin-operated laundry facilities, garbage chutes on each floor, and energy efficient LED fixtures to keep common area utilities low. Cumberland Apartments are fully occupied and offer an outstanding opportunity to acquire 60 apartments units in historic Wilkes-Barre, Pennsylvania. Cumberland Apartments are located in a convenient location situated in downtown Wilkes-Barre within walking distance of Public Square, which offers immediate access to entertainment, shopping and dining., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y