71 E Main Street Street, Nanticoke City, PA 18634

$550,000
Property Type: Residential Income Bedrooms: 12 Baths: 9 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $550,000 List Date: 2/16/2024 Last Modified: 4/18/2024

Description

Prepossessing, and extremely well maintained! Excellent investment opportunity located in heart of Nanticoke City. This building features a nine-unit commercial building, which are occupied by tenants. There are seven apartments accompanied by two commercial storefronts with LOW taxes. Situated one block away from the Luzerne County Community College and directly opposite Geisinger Medical, Restaurants, post office, and municipal bus stop in a busy and growing area.

More Information MLS# SC-1098

Contract Information

Current Price: $550,000 List Price: $550,000 Status: Active Listing Contract Date: 2024-02-15 Property Sub Type: Multi Family 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: Morris Massre

Location, Tax, and Legal

Street Number: 71 Street Direction Prefix: E Street Name: Main Street Street Suffix: Street City Region: Nanticoke City Municipality: Nanticoke City State: PA Postal Code: 18634 County: Luzerne High School District: Nanticoke Area County Tax Amount: 1008.32 Municipal Tax Amount: 981.91 School Tax Amount: 1983.7 Tax Annual Amount: 4020 Tax Year: 2023 Tax Information: Available Tax Assessed Value: 165000 Parcel Number: 42-J7NE4 -024-002-000 Zoning: C9 Directions: Interstate 81 to exit 164, Nanticoke. Make L onto Sans Souci Pkwy. Go straight at traffic light at CVS. Go approx 1/2 mi , Geisinger on R, building is on L next to Cocoa Hut Mini Mart. Tax Book Number: 009172

General Property Information

Number Of Units Total: 9 Bedrooms Total: 12 Bathrooms Total: 9 Bathrooms Full: 7 Bathrooms Half: 2 Above Grade Finished Area: 7500 Below Grade Unfinished Area: 2500 Living Area: 7500 Enhanced Accessible: No Year Built: 1920 Year Built Source: Owner New Construction YN: No Lot Size Acres: 0.12 Lot Size Dimensions: 150x80 Basement YN: No Stories: 3 Auction YN: No List Price/SqFt: 73.33

Remarks and Miscellaneous

Public Remarks: Prepossessing, and extremely well maintained! Excellent investment opportunity located in heart of Nanticoke City. This building features a nine-unit commercial building, which are occupied by tenants. There are seven apartments accompanied by two commercial storefronts with LOW taxes. Situated one block away from the Luzerne County Community College and directly opposite Geisinger Medical, Restaurants, post office, and municipal bus stop in a busy and growing area. Inclusions: 7 Stoves, 7 Refrigerators, Entire contents of Coffee shop. See list. All in ''as is'' Exclusions: Personal property of tenants.

Status Change Information

Major Change Timestamp: 2024-04-18T14:16:50Z Major Change Type: Status Change Price Change Timestamp: 2024-04-17T18:06:23Z Status Change Timestamp: 2024-04-18 Back on Market Date: 2024-04-17

Unit 1

Unit #: Commercial 1 Actual Rent: 1000 SqFt Total: 1650 Baths Total: 1 Dining Room YN: No Kitchen YN: Yes Unit Remarks: Coffee Shop

Unit 2

Unit #: Commercial 2 SqFt Total: 850 Baths Total: 1 Dining Room YN: No Kitchen YN: No

Unit 3

Unit #: 1 Studio Actual Rent: 550 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes

Unit 4

Unit #: 2 Studio Actual Rent: 550 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No Occupied YN: Yes

Unit 5

Unit #: 3 Actual Rent: 650 SqFt Total: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes

Unit 6

Unit #: 4 Actual Rent: 700 SqFt Total: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes

Unit 7

Unit #: 5 Actual Rent: 750 SqFt Total: 835 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes

Unit 8

Unit #: 6 Actual Rent: 600 SqFt Total: 833 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes

Unit 9

Unit #: 7 Actual Rent: 600 SqFt Total: 833 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes

Meter Information

Number Of Separate Electric Meters: 9 Number Of Separate Gas Meters: 9 Number Of Separate Water Meters: 1

Road Frontage Type

Road Frontage Length: 50

Property Features

Appliances: Other Architectural Style: Complex Community Features: Sidewalks Construction Materials: Brick; Vinyl Siding Cooling: Wall/Window Unit(s) Current Financing: Conventional; Other Current Use: Commercial; Multi-Family Electric: 440+ Volts Exterior Features: None Fencing: None Fireplace Features: None Flooring: Carpet; Ceramic Tile; Laminate Foundation Details: Block Heating: Baseboard; Electric Interior Features: See Remarks Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: See Remarks Owner Pays: Management; Repairs; Taxes; Water Parking Features: On Street Possession: Negotiable Road Surface Type: Asphalt Roof: Rubber Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Structure Type: Multi Family Tenant Pays: Cable TV; Electricity; Gas Utilities: See Remarks Water Source: Public
Listing Office: Christian Saunders Real Estate
Last Updated: April - 18 - 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.