248 S Franklin Street, Wilkes-Barre, PA (MLS# PW-231908)

248 S Franklin Street, Wilkes-Barre, PA

$680,000

Property Type: Residential Income Square Footage: 7,523 Status: Closed

Current Price: $680,000 List Date: 6/22/2023 Last Modified: 9/08/2024

Overview

Description

Stately historic brick building with carriage house offers four exceptional and unique living spaces. The 4 units are highlighted with striking original features and details - Dramatic staircase, stunning doors, high ceilings, marble and tile fireplaces, arched bookcases, handsome moldings, generous window seats and architectural & stained-glass windows.- See all attachments, Baths: Y

Listing Details MLS# PW-231908

General Property Information

Number Of Buildings: 2
Number Of Units Total: 4
Living Area: 7523
Parking Total: 4
Lot Size Acres: 0.17
Lot Size Dimensions: 50x150
Water Body Name: None
Basement YN: Yes
Stories: 3
List Price/SqFt: 92.38
Sold Price/SqFt: 90.39

Property Features

Construction Materials: Brick Cooling: Central Air; Wall/Window Unit(s) Heating: Baseboard; Electric; Hot Water; Natural Gas Levels: Three Or More Listing Terms: Cash; Conventional Parking Features: Garage; Paved Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Sewer: Public Sewer Water Source: Public Documents Available: Lead-Based Paint Hazards Disclosure

Contract Information

Listing Contract Date: 2023-06-07
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 248
Street Direction Prefix: S
Street Name: Franklin
Street Suffix: Street
County: Luzerne
State: PA
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Stately historic brick building with carriage house offers four exceptional and unique living spaces. The 4 units are highlighted with striking original features and details - Dramatic staircase, stunning doors, high ceilings, marble and tile fireplaces, arched bookcases, handsome moldings, generous window seats and architectural & stained-glass windows.- See all attachments, Baths: Y

Status Change Information

Major Change Timestamp: 2023-09-26T18:40:53Z
Major Change Type: Status Change
Purchase Contract Date: 2023-08-10
Close Date: 2023-09-22
Close Price: 680000
Concessions: Yes
Buyer Financing: Cash
Concessions Amount: 10000

More Information

Income and Expenses

Electric Expense: 360
Gross Income: 65400
Insurance Expense: 5624
Net Operating Income: 46894.62
New Taxes Expense: 9453.38
Operating Expense: 18505.38
Other Expense: 1843
Water Expense: 1111
Heat Expense: 0
Licenses Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Trash Expense: 0

Unit 1

Unit #: Yes
Actual Rent: 1400
SqFt Total: 1687
Rooms Total: 5

Unit 2

Unit #: 2
Actual Rent: 1175
SqFt Total: 1552
Rooms Total: 5
Occupied YN: Yes

Unit 3

Actual Rent: 1200
SqFt Total: 1411
Rooms Total: 5
Occupied YN: No

Unit 4

Unit #: 4
Actual Rent: 1700
SqFt Total: 1817
Rooms Total: 5
Occupied YN: No

Road Frontage Type

Road Frontage Length: 50
City Street: Yes

Location, Tax, and Legal

Street Additional Info: 248 S Franklin Street
Municipality: Luzerne County
High School District: Wilkes-Barre
Cnty&Muni Taxes (Legacy): 4262.59
School Tax Amount: 5190.79
Tax Annual Amount: 9453.38
Tax Assessed Value: 281600
Parcel Number: 73-H9SE3-018-006-000
Zoning Description: Other
Tax Book Number: 3001/121061

Construction Materials

Brick: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Heating

Baseboard: Yes
Electric: Yes
Hot Water: Yes
Natural Gas: Yes

Levels

Three Or More: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Oil, Gas and Mineral Rights

Gas Rights Reserved: None

Parking Features

Garage: Yes
Paved: Yes

Possession

Negotiable: Yes

Road Surface Type

Paved: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Documents Available

Lead-Based Paint Hazards Disclosure: Yes

Listing Office: Lewith & Freeman Real Estate Hawley

Last Updated: September - 08 - 2024

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