183 N Main Pittston, PA $ 1,150,000
183 N Main
$ 1,150,000
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183 N Main

Pittston, PA, 18640
$ 1,150,000
Baths0.0 Sq 3,485

Monthly Estimate*

$ 8,033

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Studio

Commercial Property for sale in Pittston, PA

for $1,150,000. This 3,485 square foot building was built in 1917 on a lot size of 0.08.

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.

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Commercial Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,027

Style

Apartment Building

Lot Size

0.08

Year Built

1917

Town/City

Pittston

County/Region

Luzerne

MLS | Web ID

PALU2001642

Features
Interior
Heating Fuel Natural Gas Electric
Flooring Carpet Laminate Plank
Hot Water Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 8
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General
Sewer Public Sewer
Heating 90% Forced Air Baseboard - Electric
Cooling Central A/C
Possession Settlement
Roof Shingle
Zoning MIXED USE
Construction Materials Brick
Exclusions Tenant related belongings
Year Built 1917
Electric Other
View River
Property SubType Five Or More Units
Tax Year 2021
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PITTSTON CITY
Gross Income 111720.00
Business Type Apartment Building
Accessibility None
County LUZERNE
Net Operating Income 87453.00
Operating Expense 23767.00
Insurance Expense 6620.00
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building Apartments
Water Access Y/N N
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
City PITTSTON
Buyer Agent Compensation 2
Zoning Description Multifamily Building- 8 Residential Units
MLS Area Pittston City (13772)
Lot Size Square Feet 3485.00
Waterfront Y/N N
Street Name MAIN
Tax Annual Amount 5027.0
Electric Expense 600.00
Fuel Expense 0.00
Property Condition Excellent
Trash Expense 1640.00
Price Per Sq Ft 329.99
Acceptable Financing Cash Bank Portfolio Conventional Exchange
Association Fee 0.00
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 26
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
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Exterior
Water Source Public
Inclusions All Refrigerators(8) washer/dryer units(8)
Type of Parking Leased to Off Site
Water View Y/N Y
Building Area Total 3485.00
Lot Size Acres 0.08
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 25000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 183
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* Excluded Features
List By
Keller Williams Elite

Broker

matthew@kghomegroup.com

Email

Affordability Calculator

$8,452
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$419
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2024$1,150,000 -4.17% Price Down
4/15/2024$1,200,000 Listed Price

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183 N Main, Pittston, PA, 18640 is a Commercial Property for sale at $1,150,000 with 3,485 sqft and a lot size of 0.08. 183 N Main is a studio with 0.0 baths and was built in 1917. The property's zip code is 18640 which is in Pittston, PA