1 Rowhouse Lane, Pittston, PA 18640

$350,000
Property Type: Residential Income Square Footage: 6,000 Status: Closed
Current Price: $350,000 List Date: 9/02/2014 Last Modified: 9/08/2024

Overview

Description

Beautiful, Profitable Complex. Fully rented and ready to go with 41k+ net income after exp. Gorgeous custom, utilities efficient, 6 unit complex w/ garage. 2 bldgs. classic 975 sq ft. entertainment room. Deck exits to a patio with a gorgeous custom brick wood pizza oven and grill area. Taxes for both bldgs, Baths: Y

Listing Details MLS# 14-4402

General Property Information

Number Of Buildings
2
Number Of Units Total
6
Living Area
6000
Year Built
1993
Parking Total
6
Lot Size Acres
0.23
Lot Size Dimensions
69x144
Water Body Name
None
Basement YN
Yes
Stories
2
List Price/SqFt
66.5
Sold Price/SqFt
58.33

Property Features

Cooling: Central Air; Wall/Window Unit(s) Heating: Baseboard; Electric; Oil Listing Terms: Cash; Conventional; VA Loan Parking Features: Garage; Paved Possession: Close Of Escrow; Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Shingle Sewer: Public Sewer Water Source: Other

Contract Information

Listing Contract Date
2014-09-01
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
Yes
Street Name
Rowhouse
Street Suffix
Lane
County
Luzerne
State
PA
Postal Code
18640

Remarks and Miscellaneous

Public Remarks
Beautiful, Profitable Complex. Fully rented and ready to go with 41k+ net income after exp. Gorgeous custom, utilities efficient, 6 unit complex w/ garage. 2 bldgs. classic 975 sq ft. entertainment room. Deck exits to a patio with a gorgeous custom brick wood pizza oven and grill area. Taxes for both bldgs, Baths: Y

Status Change Information

Major Change Timestamp
2014-12-25T23:39:51Z
Major Change Type
Status Change
Purchase Contract Date
2014-11-28
Close Date
2014-12-19
Close Price
350000

More Information

Income and Expenses

Electric Expense
500
Gross Income
59940
Heat Expense
6000
Insurance Expense
2500
Maintenance Expense
1000
Net Operating Income
41344.92
New Taxes Expense
5583.08
Operating Expense
18595.08
Water Expense
2712

Unit 1

Unit #
Rowhouse Apt 1
Actual Rent
1245
SqFt Total
1000
Rooms Total
4
Occupied YN
Yes

Unit 2

Unit #
Rowhouse 2
Actual Rent
950
SqFt Total
1000
Rooms Total
6
Occupied YN
Yes

Unit 3

Actual Rent
850
SqFt Total
1000
Rooms Total
6
Occupied YN
Yes

Unit 4

Unit #
Norman Apt A
Actual Rent
650
SqFt Total
750
Rooms Total
4
Occupied YN
Yes

Unit 5

Actual Rent
650
SqFt Total
750
Rooms Total
4
Occupied YN
Yes

Unit 6

Unit #
Norman Front
Actual Rent
650
SqFt Total
750
Rooms Total
4
Occupied YN
Yes

Unit 7

SqFt Total
950
Rooms Total
Yes

Road Frontage Type

Road Frontage Length
69
City Street
Yes

Location, Tax, and Legal

Street Additional Info
1 Rowhouse Lane
Municipality
Other
High School District
Pittston Area
Cnty&Muni Taxes (Legacy)
1715.46
School Tax Amount
3867.62
Tax Annual Amount
5583.08
Tax Assessed Value
313900
Parcel Number
51e11se2002004000
Zoning Description
Residential
Tax Book Number
3010/151881

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Heating

Baseboard
Yes
Electric
Yes
Oil
Yes

Listing Terms

Cash
Yes
Conventional
Yes
VA Loan
Yes

Oil, Gas and Mineral Rights

Gas Rights Reserved
None

Parking Features

Garage
Yes
Paved
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Road Surface Type

Paved
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Water Source

Other
Yes
Listing Office: Berkshire Hathaway
Last Updated: September - 08 - 2024
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