111 Old River RdWilkes-Barre, PA 18702

Property Details for 111 Old River Rd

Year built

1930

Lot size

0.14 AC

Property size (Sq ft)

6,098 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Wilkes-Barre

County

Luzerne

State

Pennsylvania

Latitude

41.2448

Longitude

-75.9048

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