292 Franklin StWilkes-Barre, PA 18701

Property Details for 292 Franklin St

Lot size

0.21 AC

Property type

Apartment buildings

APN

73-H9SE3-018-001

APU

73H9SE3018001

Description

This exceptional investment opportunity presents a 12-unit apartment building ideally situated in Wilkes-Barre, Pennsylvania, at 292 S Franklin St, 18701. Built in 1930, this three-story building boasts 6,800 square feet on a 0.2-acre lot and offers a mix of one-bedroom and studio apartments. The property includes 10 parking spaces, a significant advantage in this location. Currently generating a gross annual income of $91,500, this property offers a compelling price per unit of $62,416.67 and a price per square foot of $110.15. Its convenient location near Wilkes University, downtown Wilkes-Barre, shops, and schools ensures high occupancy rates and strong rental demand. The property is zoned MF (Multifamily), making it suitable for continued operation as an apartment building. This well-maintained building represents a solid investment opportunity with significant potential for future growth and profitability. The asking price is $749,000. This is a turnkey operation ready for a new owner to step in and continue the success. Don't miss this chance to acquire a profitable multifamily property in a desirable location.

Location Insight

City

Wilkes Barre

County

Luzerne

State

Pennsylvania

Latitude

41.242

Longitude

-75.8913

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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