Laurie Estates, Lake Ariel, PA 18436
$3,150,000
Property Type:
Commercial Sale
Square Footage:
30,000
Status:
Closed
Current Price:
$3,150,000
List Date:
6/21/2023
Last Modified:
9/11/2024
Overview
Description
Listing Details MLS# PW-231887
General Property Information
- Business Name
- Laurie Estates
- Number Of Buildings
- 5
- Number Of Units Total
- 27
- Building Area Total
- 30000
- Living Area
- 30000
- Year Built
- 1992
- Lot Size Acres
- 11.6
- Water Body Name
- None
- Stories
- 2
- List Price/SqFt
- 116.67
- Sold Price/SqFt
- 105
Property Features
Building Features:
Fixtures Included
Business Type:
Rental
Construction Materials:
Frame
Current Use:
Residential
Heating:
Electric; Natural Gas
Listing Terms:
Cash; Conventional
Parking Features:
On Site
Possession:
Negotiable
Road Frontage Type:
City Street; State Road
Road Surface Type:
Paved
Sewer:
Septic Tank
Tenant Pays:
Grounds Care; Sewer; Trash Collection; Water
Water Source:
Well
Contract Information
- Listing Contract Date
- 2023-06-19
Location Tax and Legal
- Street Name
- Laurie Estates
- County
- Wayne
- State
- PA
- Postal Code
- 18436
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!
Status Change Information
- Major Change Timestamp
- 2023-12-22T14:13:25Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-08-24T14:08:45Z
- Purchase Contract Date
- 2023-10-22
- Close Date
- 2023-12-22
- Close Price
- 3150000
- Buyer Financing
- Conventional
More Information
Building Features
- Included In Contract
- Building Only
- Fixtures Included
- Yes
Income and Expenses
- Cap Rate
- 6.9
- Gross Income
- 370000
- Net Operating Income
- 270000
Location, Tax, and Legal
- Street Additional Info
- Laurie Estates
- Municipality
- Lake Township
- High School District
- Western Wayne Area
- Cnty&Muni Taxes (Legacy)
- 10898.01
- School Tax Amount
- 33591.01
- Tax Annual Amount
- 44489.02
- Parcel Number
- 12-0-0303-0037.0001
- Additional Parcels Description
- 12-0-0303-0037.0002, .0003. .0004, .0005
- Zoning Description
- None
- Tax Book Number
- 6114/166
Construction Materials
- Frame
- Yes
Current Use
- Residential
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- On Site
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- City Street
- Yes
- State Road
- Yes
Road Surface Type
- Paved
- Yes
Sewer
- Septic Tank
- Yes
Water Source
- Well
- Yes
Business Type
- Rental
- Yes
Tenant Pays
- Grounds Care
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Listing Office:
Davis R. Chant - Honesdale
Last Updated: September - 11 - 2024
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.