183 N Main Street, Pittston, PA 16910
$975,000
Property Type:
Residential Income
Square Footage:
6,300
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$975,000
List Date:
8/02/2024
Last Modified:
3/03/2025
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
Supplements: 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.
More Information MLS# PM-114949
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $975,000
Current Price: $975,000
Status: Closed
Listing Contract Date: 2024-05-07
Location, Tax, and Legal
Parcel Number: 72-E11NE2-022-035-000
Municipality: Pittston City
High School District: Pittston Area
Cnty&Muni Taxes (Legacy): 0
School Tax Amount: 0
Tax Annual Amount: 5027
Tax Assessed Value: 169000
Tax Book Number: 3022/164521
Zoning Description: Commercial
General Property Information
Building Area Source: Estimated
Stories: 3
Number Of Buildings: 1
Basement YN: Yes
Lot Size Acres: 0.08
List Price/SqFt: 166.67
Sold Price/SqFt: 154.76
Building Area Total: 6300
Year Built: 1917
Currently Not Used
Number Of Units Total: 8
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Converted, Kitchens: Modern, Bathrooms: Modern, Miscellaneous: Zoning Code Mixed Use, Miscellaneous: Cert of Occ Req'd No
Public Remarks: 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
Unit Details
Efficiency: 1
1 Bedroom: 4
2 Bedroom: 3
Income and Expenses
Gross Income: 118800
Net Operating Income: 89093
Insurance Expense: 6620
New Taxes Expense: 5027
Fuel Expense: 0
Heat Expense: 0
Trash Expense: 1640
Licenses Expense: 0
Maintenance Expense: 5880
Listing Terms
Cash: 1
Conventional: 1
Trade: 1
Tenant Pays
Electricity: 1
Gas: 1
Water: 1
Possession
Close Of Escrow: 1
Construction Materials
Brick: 1
Roof
Shingle: 1
Electric
Circuit Breakers: 1
Cooling
Central Air: 1
Separate Meters: 1
Heating
Baseboard: 1
Forced Air: 1
Natural Gas: 1
Separate Meters: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Off Site: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Luzerne
Street Number: 183
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
City (Post Office): Pittston
State: PA
Postal Code: 16910
Status Change Information
Price Change Timestamp: 2024-09-30T19:05:18Z
Purchase Contract Date: 2024-10-17
Close Date: 2025-01-21
Close Price: 975000
Property Features
Listing Terms: Cash; Conventional; Trade
Tenant Pays: Electricity; Gas; Water
Possession: Close Of Escrow
Construction Materials: Brick
Roof: Shingle
Electric: Circuit Breakers
Cooling: Central Air; Separate Meters
Heating: Baseboard; Forced Air; Natural Gas; Separate Meters
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Parking Features: Off Site
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
Keller Williams Elite
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.

