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
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.