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183 N Main Street, Pittston, PA 16910 (MLS# PM-114949)

183 N Main Street, Pittston, PA 16910

$975,000
Property Type: Residential Income Square Footage: 6,300 Lot Size (sq. ft.): 3,485 Status: Closed
Current Price: $975,000 List Date: 8/02/2024 Last Modified: 3/03/2025

Overview

Description

Welcome to 183 N Main St! Your next investment opportunity awaits. This property has been completely redone and offers a low maintenance investment opportunity for a future landlord. Be part of the path of progress as Downtown Pittston undergoes the next phase of revitalization. Revitalization projects include; new sidewalks and cross walks, development of the Market & Main/New American Theater, a new brewery, and several other projects! The building consists of eight(8) fully leased apartments; 4-1 bedroom, 3-2 bedroom and 1-studio apartment. Each unit has been completely redone and offers separate utilities, new HVAC(studio has electric baseboard), new plumbing, new hot water heaters, new electric, new kitchens including granite countertops, stainless steel appliances, solid wood doors

Supplements: all new replacement windows, modern hardware and durable LVP flooring. The building has a new roof, new electrical service, sub-metered water, new exterior walkways, new exterior paint, new doors and truly comes as a turn key opportunity! Additional development opportunity exists with neighboring properties. Showings of the property will be held in ...

Listing Details MLS# PM-114949

General Property Information

Building Area Total
6300
Building Area Source
Estimated
Stories
3
Number Of Buildings
Yes
Year Built
1917
Basement YN
Yes
Lot Size Acres
0.08
List Price/SqFt
166.67
Sold Price/SqFt
154.76

Property Features

Listing Terms: Cash; Conventional; Trade Tenant Pays: Electricity; Gas; Water Possession: Close Of Escrow Construction Materials: Brick Roof: Shingle Electric: Circuit Breakers Cooling: Central Air; Separate Meters Heating: Baseboard; Forced Air; Natural Gas; Separate Meters Appliances: Water Heater Water Source: Public Sewer: Public Sewer Parking Features: Off Site Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2024-05-07
Listing Service
Full Service

Location Tax and Legal

County
Luzerne
Street Number
183
Street Direction Prefix
N
Street Name
Main
Street Suffix
Street
City (Post Office)
Pittston
State
PA
Postal Code
16910

Remarks and Miscellaneous

Public Historical Remarks
Utility Billing: Separate Electric, Type: Converted, Kitchens: Modern, Bathrooms: Modern, Miscellaneous: Zoning Code Mixed Use, Miscellaneous: Cert of Occ Req'd No
Public Remarks
Welcome to 183 N Main St! Your next investment opportunity awaits. This property has been completely redone and offers a low maintenance investment opportunity for a future landlord. Be part of the path of progress as Downtown Pittston undergoes the next phase of revitalization. Revitalization projects include; new sidewalks and cross walks, development of the Market & Main/New American Theater, a new brewery, and several other projects! The building consists of eight(8) fully leased apartments; 4-1 bedroom, 3-2 bedroom and 1-studio apartment. Each unit has been completely redone and offers separate utilities, new HVAC(studio has electric baseboard), new plumbing, new hot water heaters, new electric, new kitchens including granite countertops, stainless steel appliances, solid wood doors

Status Change Information

Price Change Timestamp
2024-09-30T19:05:18Z
Purchase Contract Date
2024-10-17
Close Date
2025-01-21
Close Price
975000

More Information

Income and Expenses

Gross Income
118800
Net Operating Income
89093
Insurance Expense
6620
New Taxes Expense
5027
Trash Expense
1640
Maintenance Expense
5880
Fuel Expense
0
Heat Expense
0
Licenses Expense
0

Unit Details

Efficiency
Yes
1 Bedroom
4
2 Bedroom
3

Location, Tax, and Legal

Parcel Number
72-E11NE2-022-035-000
Municipality
Pittston City
High School District
Pittston Area
Cnty&Muni Taxes (Legacy)
0
School Tax Amount
0
Tax Annual Amount
5027
Tax Assessed Value
169000
Tax Book Number
3022/164521
Zoning Description
Commercial

Currently Not Used

Number Of Units Total
8

Listing Terms

Cash
Yes
Conventional
Yes
Trade
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Construction Materials

Brick
Yes

Roof

Shingle
Yes

Electric

Circuit Breakers
Yes

Cooling

Central Air
Yes
Separate Meters
Yes

Heating

Baseboard
Yes
Forced Air
Yes
Natural Gas
Yes
Separate Meters
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Off Site
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Keller Williams Elite
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.