Water Views
Address
183 N Main Street, Pittston, PA
Price
$ 1,200,000
Property Attributes
- MLS#PALU2001650
- TypeMulti-Family
- CountyLUZERNE
- CityPittston
- AreaPittston City
- Zip18640
- Style
- Year Built1917
- Taxes$ 5027
- Price$ 1,200,000
- Bedrooms10
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,485 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 183 N Main St! Your next investment opportunity awaits. This property has been completely redone and offers a low maintenance investment opportunity for a future landlord. Be part of the path of progress as Downtown Pittston undergoes the next phase of revitalization. Revitalization projects include; new sidewalks and cross walks, development of the Market & Main/New American Theater, a new brewery, and several other projects! The building consists of eight(8) fully leased apartments; 4-1 bedroom, 3-2 bedroom and 1-studio apartment. Each unit has been completely redone and offers separate utilities, new HVAC(studio has electric baseboard), new plumbing, new hot water heaters, new electric, new kitchens including granite countertops, stainless steel appliances, solid wood doors, all new replacement windows, modern hardware and durable LVP flooring. The building has a new roof, new electrical service, sub-metered water, new exterior walkways, new exterior paint, new doors and truly comes as a turn key opportunity! Additional development opportunity exists with neighboring properties. Showings of the property will be held in prescheduled group tours.
| Price History | |
|---|---|
| 4/18/2024 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air,Baseboard - Electric |
| Cooling | Central A/C |
| Possession | Settlement |
| Roof | Shingle |
| Zoning | MIXED USE |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | Brick |
| Exclusions | Tenant related belongings |
| Year Built | 1917 |
| Electric | Other |
| View | River |
| Property SubType | Other |
| Tax Year | 2021 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | LUZERNE |
| Net Operating Income | 87453.00 |
| Operating Expense | 23767.00 |
| Insurance Expense | 6620.00 |
| New Construction | No |
| Property Type | Multi-Family |
| MaintenanceExpense | 5880.00 |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | From PA Rte 315 N,Turn Left onto Oak St,Turn Right onto Twp Blvd,Turn Left onto William St,Turn Right onto N Main St. Building is on the right |
| ModificationTimestamp | 2024-04-18T18:16:22 |
| City | PITTSTON |
| Buyer Agent Compensation | 2 |
| Zoning Description | 8- Unit Apartment building |
| Total Units | 4 |
| MLS Area | Pittston City (13772) |
| Lot Size Square Feet | 3485.00 |
| Tax Assessed Value | 169000.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 8 |
| Street Name | MAIN |
| Tax Annual Amount | 5027.0 |
| Property Condition | Excellent |
| Trash Expense | 1640.00 |
| Two Bedroom | 3 |
| Structure Type | Detached |
| Single Room Units Count | 1 |
| One Bedroom Units Count | 4 |
| Price Per Sq Ft | 344.33 |
| Acceptable Financing | Cash,Bank Portfolio,Conventional,Exchange |
| Avg. Electric Per Month | 50.0 |
| Avg. Gas Per Month | 0.0 |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Avg. Water Per Month | 0.0 |
| Total SQFT | 3485 |
| Days on Market | 13 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 35 |
| Total Actual Rent | 117600.00 |
| Cap Rate | 7.30 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Basement | Outside Entrance |
| Flooring | Carpet,Laminate Plank |
| Hot Water | Electric |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Window Features | Replacement |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
| Avg. Heating Oil Per Month | 0.0 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | 8 Refrigerators,8 water/dryer units |
| Type of Parking | None |
| Land Use Code | 319 |
| Foundation Details | Stone |
| Water View Y/N | Yes |
| Lot Size Acres | 0.08 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 25000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 18640
Price
Taxes
Visits
Year Built
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Last Updated: May 2, 2024 3:56 PM UTC
