Laurie Estates, Lake Ariel, PA 18436
$3,150,000
Property Type:
Commercial Sale
Square Footage:
30,000
Lot Size (sq. ft.):
505,296
Status:
Closed
Current Price:
$3,150,000
List Date:
6/28/2023
Last Modified:
12/28/2023
Description
I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!, Tax Information: Available, Ceiling Height: Up to 8' - Y, No Overhead Door: Y
More Information MLS# 23-2627
Contract Information
Current Price: $3,150,000
Sold Price: $3,150,000
Status: Closed
Listing Contract Date: 2023-06-19
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: Yes
Owner Name: Laurie Estates LLC
Environmental Survey YN: No
Location, Tax, and Legal
Street Name: Laurie Estates
Municipality: Lake Township
State: PA
Postal Code: 18436
County: Wayne
High School District: Western Wayne
City Region: Lake Ariel
County Tax Amount: 9693.28
Municipal Tax Amount: 1204.73
School Tax Amount: 33591.01
Tax Annual Amount: 44489.02
Tax Year: 2022
Tax Assessed Value: 2604200
Parcel Number: 12-0-0303-0037.0002
Additional Parcels YN: Yes
Zoning Description: None
FEMA Zone: X
Directions: From Hawley take Rt 590 W. Make a right onto Avoy Road. Buildings on the right.
Tax Book Number: 6114/166
General Property Information
Building Area Total: 30000
Building Area Total (Report Only): 30000
Enhanced Accessible: No
Year Built: 1992
Building Name: N/A
Parking Total: 30
Lot Size Acres: 11.6
Lot Size Dimensions: Contact Agent for Details
Land Lease YN: No
Basement YN: No
Stories: 2
Auction YN: No
List Price/SqFt: 116.67
Sold Price/SqFt: 105
Remarks and Miscellaneous
Public Remarks: I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!, Tax Information: Available, Ceiling Height: Up to 8' - Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-12-28T15:14:26Z
Major Change Type: Status Change
Price Change Timestamp: 2023-08-24T14:48:26Z
Status Change Timestamp: 2023-12-28
Purchase Contract Date: 2023-10-22
Close Date: 2023-12-22
Close Price: 3150000
Concessions: No
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Income and Expenses
Annual Total Expense: 110000
Gross Income: 382132
Net Operating Income: 272132
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
Property Features
Building Features: Equipment Included; Finished Office; Separate Utilities
Construction Materials: Vinyl Siding
Current Use: Residential
Electric: Circuit Breakers
Exterior Features: Lighting
Flooring: Carpet; Other
Heating: Baseboard; Electric; Forced Air; Propane
Levels: One and One Half
Listing Terms: 1031 Exchange; Cash
Lot Features: Cleared; Level; Wooded
Parking Features: Asphalt; Paved
Possession: Negotiable
Road Surface Type: Paved
Roof: Other; See Remarks
Sewer: Septic Tank
Water Source: Well
Showing Requirements: Call Listing Agent
Listing Office: PIKE/WAYNE ASSOCIATION
Last Updated: December - 28 - 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.