208-214 Hearthstone Apts, Factoryville, PA 18419
$800,000
Property Type:
Commercial Sale
Square Footage:
12,000
Lot Size (sq. ft.):
102,366
Status:
Closed
Current Price:
$800,000
List Date:
5/29/2018
Last Modified:
12/10/2023
Description
16 Unit apartment complex with a great cash flow situated on 2.5 acres, approximately 10 miles from Scranton and 6 miles to I-81. Building 1 was built in 1987 and building 2 & 3 were built in 1990. In 2010 all the buildings were re-sided with new roofs and new double-paned windows. There are 2 sets of coin operated laundry machines in building #1. The parking lot was also resurfaced in 2010 and the water system was rebuilt in 2009. Could be bought with additional acreage to expand. Great Rental History!!, Tax Information: Available, Ceiling Height: Up to 8' - Y, No Overhead Door: Y
More Information MLS# 17-3408
Contract Information
Current Price: $800,000
Sold Price: $800,000
Status: Closed
Listing Contract Date: 2017-07-20
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: Victor & Sheila Kochmer
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 208-214
Street Name: Hearthstone Apts
Municipality: Clinton Township
State: PA
Postal Code: 18419
County: Wyoming
High School District: Lackawanna Trail
City Region: Factoryville
County Tax Amount: 4542.18
Municipal Tax Amount: 795.2
School Tax Amount: 18212.07
Tax Annual Amount: 23549.45
Tax Year: 2017
Tax Assessed Value: 198800
Parcel Number: 02-055.0-063-02-00-00
Additional Parcels YN: No
Zoning Description: Agricultural
Directions: Route 6 Factoryville
Tax Book Number: 238-359
General Property Information
Building Area Total: 12000
Building Area Total (Report Only): 12000
Enhanced Accessible: No
Year Built: 1987
Building Name: N/A
Parking Total: 20
Lot Size Acres: 2.35
Lot Size Dimensions: 308x216x484x319
Land Lease YN: No
Basement YN: No
Stories: 2
Auction YN: No
List Price/SqFt: 100
Sold Price/SqFt: 66.67
Remarks and Miscellaneous
Public Remarks: 16 Unit apartment complex with a great cash flow situated on 2.5 acres, approximately 10 miles from Scranton and 6 miles to I-81. Building 1 was built in 1987 and building 2 & 3 were built in 1990. In 2010 all the buildings were re-sided with new roofs and new double-paned windows. There are 2 sets of coin operated laundry machines in building #1. The parking lot was also resurfaced in 2010 and the water system was rebuilt in 2009. Could be bought with additional acreage to expand. Great Rental History!!, Tax Information: Available, Ceiling Height: Up to 8' - Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2019-02-20T20:33:46Z
Major Change Type: Status Change
Status Change Timestamp: 2019-02-20
Purchase Contract Date: 2018-10-28
Close Date: 2019-02-15
Close Price: 800000
Buyer Financing: Conventional
Building Features
Included In Contract: Building Only
Income and Expenses
Gross Income: 133800
Oil, Gas and Mineral Rights
Gas Rights Excepted: Gas Rights Excepted
Mineral Rights Excepted: Mineral Rights Excepted
Oil Rights Excepted: Oil Rights Excepted
Other Rights Excepted: Other Rights Excepted
Gas Rights Reserved: Gas Rights Reserved
Mineral Rights Reserved: Mineral Rights Reserved
Oil Rights Reserved: Oil Rights Reserved
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 308
Property Features
Building Features: Established Business
Construction Materials: Vinyl Siding
Cooling: None
Current Use: Residential
Electric: Circuit Breakers
Flooring: Carpet; Vinyl
Heating: Baseboard; Electric
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Cleared; Level; Near Complex
Parking Features: Concrete
Possession: Negotiable
Road Frontage Type: Other
Road Surface Type: Paved
Roof: Composition; Wood
Security Features: Fire Alarm
Water Source: Well
Showing Requirements: Call Listing Agent
Listing Office: ERA One Source Realty
Last Updated: December - 10 - 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.