273 New Hancock St - Apartments FOR SALE


Wilkes Barre, PA 18702
$500,000 USD
570-614-9694
273 New Hancock St, Wilkes Barre, PA for Sale
$500,000 USD
Apartments - FOR SALE
1/16
null | 11.7% Cap Rate

273 New Hancock St
Wilkes Barre, PA 18702


HIGHLIGHTS

  • Financials are in LoopNet's Data Room but keep in-mind expenses, etc. are combined across two-properties & thirteen-units in this portfolio.
  • Mix of one, two, & three-bedroom apartments.
  • Property has been renovated throughout.
  • Portfolio Sale! Individual sale, or can be purchase as a whole.

OVERVIEW

Five-unit, multi-family property in Wilkes-Barre with recent renovations and stable in-place income. Four units are currently leased, with one unit that has a move-in on 4/1. The unit mix includes one, two, & three-bedroom apartments, with tenants paying their own utilities. This is a clean, straightforward asset offering existing cash flow with room to increase income. This property is part of a thirteen-unit portfolio and is available for purchase individually or as part of the full portfolio. Financials are in LoopNet's Data Room but keep in-mind expenses, etc are combined across two-properties & thirteen-units in this portfolio.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

5

PRICE/UNIT

$100,000

CAP RATE

11.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Five-Unit Building in Wilkes-Barre

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Multi-Family

APN/PARCEL ID

73-H10SW2-011-001,73-H10SW2-011-002

ASK ABOUT THIS PROPERTY

Matthew NelsonJonathan J. Nelson Real EstateMore Info
570-614-9694

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Matthew NelsonJonathan J. Nelson Real EstateMore Info
570-614-9694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.