03
OCT
OCT
$499,000
Wilkes-Barre, PA 18702
MLS# 21-5877
Status: Closed
6550 sqft

1 / 29
Property Description
The moneymaker...a great chance to start or increase you portfolio with a tremendous investment property, work has already been done and completed for you. FULLY OCCUPIED with long term tenants AND a gross income of over $77k/yearly, with definite room for rental increase income. Newer roof, all utilities separated, tenants care for their own expenses, with exceptions. Located near major streets,
Details
Listing Information
Current Price: $499,000
List Price: $499,000
List Date: 2021-11-11
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Aprx Total SF: 6550
Est Age Range: 76 - 100 Yrs
Lot Size: 50X70 30X75
Garage Type: None
Parking: On-Street
Location Legal Taxes
House # (1): 104
Street Name: Madison
Street Suffix: Street
City (Post Office): Wilkes-Barre
State/Province: PA
Zip Code: 18702
County: Luzerne
MLS Area: Wilkes Barre
School District: Wilkes-Barre
Municipality: Wilkes Barre City
Develop/Subdivision: None
Remarks Directions
Directions: Take Main St. to a left on Beaumont, building on the corner of Madison and Beaumont.
Status Change Information
Status: Closed
Under Contract Date: 2021-11-16
Sold Date: 2022-01-07
Expenses
Annual Gross Income: 77460
Annual Electric Exp: 1200
Annual Water Exp: 1620
Annual Sewer Exp: 4265.54
Annual Real Est Tax: 5091.6
Annual Fire/Liabilty: 1435
Total Annl Expenses: 13612.14
Anl Net Inc b/4 Debt: 63482.86
Unit 1 Info
Unit #: 104
Approx SF: 730
# Rooms: 4
Monthly Rent: 850
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 104
Approx SF: 730
# Rooms: 4
Monthly Rent: 775
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 104
Approx SF: 600
# Rooms: 3
Monthly Rent: 680
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 4 Info
Unit #: 104
Approx SF: 730
# Rooms: 4
Monthly Rent: 900
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 5 Info
Unit #: 104
Approx SF: 730
# Rooms: 4
Monthly Rent: 800
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 6 Info
Unit #: 106
Approx SF: 1100
# Rooms: 6
Monthly Rent: 1000
# Bedrooms: 4
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Unit 7 Info
Unit #: 108
Approx SF: 1100
# Rooms: 6
Monthly Rent: 850
# Bedrooms: 4
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N
Unit 8 Info
Unit #: 108
Approx SF: 515
# Rooms: 3
Monthly Rent: 600
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: Y
Water in Rent: Y
Sewer in Rent: Y
Property Features
Showing Instructions: Other - See Remarks
Heat Fuel Type: Electric; Gas
Heat Type: Electric Baseboard; Forced Air
AC Type: None
Condition: Very Good
Exterior: Aluminum
Roof: Comp Shingle
Interior Finish: Drywall; Plaster
Water: Public
Sewer: Public
Hot Water Heater: Electric
Basement: Dirt Floor
Supplements
local college. Water is included in rent for all units in 104, and all utilities are included in rent for unit 108 #1. This hefty package for the savvy investor has endless possibilities. Don't be shy, invest now!!
Call listing agent for appointment, allow 48 hrs. COVID-19 HSA forms must be submitted for all entering property prior to showing. Max of 3 persons, (includes agent) inside property at a time. All entering the property are responsible for their own PPE, masks A MUST for showings. PLEASE NOTE: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and the agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, age, familial status or disability. This is not intended to solicit property currently listed.
Listing Office: Simplicity Realty
Listing Agent: Willford Balmaceda
Last Updated: December - 26 - 2025
Information deemed reliable but not guaranteed.
Broker Attribution:
570-855-6480
