For Sale
$459,000

111 Old River Rd Wilkes-Barre, PA 18702

Six-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fully rented six-unit apartment building located at 111 Old River Rd, Wilkes-Barre, PA 18702, in Luzerne County. The property boasts a total of 6,098 square feet situated on a 0.14-acre lot. Built in 1930, this two-story building is zoned for commercial use and offers a compelling return on investment. Each of the six units commands a price of $76,500, contributing to an overall asking price of $459,000 ($75.27 per square foot). Recent improvements include a new roof, a newer furnace, and a newly poured concrete walkway. The property also features convenient off-street parking. Its prime location provides easy access to major highways, schools, shopping centers, and the downtown area. The building generates a substantial net annual income exceeding $58,000, making it an attractive prospect for discerning investors seeking a stable and profitable addition to their portfolio. This well-maintained property offers a blend of historical charm and modern updates, promising a strong return on investment for years to come.

Highlights

  • Exceptional investment opportunity: Fully rented six-unit apartment building.
  • 6,098 square feet on a 0.14-acre lot in Wilkes-Barre, PA.
  • $459,000 asking price ($75.27/SF).
  • Recent improvements include a new roof, newer furnace, and new concrete walkway.
  • Features off-street parking and strong location near highways, schools, and shopping.
  • Generates over $58,000 in net annual income.

Property Details for 111 Old River Rd

Property type
Apartment buildings
Square Feet
6,098 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
6

Location Insight

City
Wilkes-Barre
County
Luzerne
State
Pennsylvania
Latitude
41.2448074
Longitude
-75.9048322

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 111 Old River Rd Wilkes-Barre, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Fully rented six-unit apartment building.; 6,098 square feet on a 0.14-acre lot in Wilkes-Barre, PA.; $459,000 asking price ($75.27/SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
111 Old River Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message