Sold

104 Madison Street, Wilkes-Barre

Wilkes-Barre, PA, 18702 · MLS #21-5877
$500,000
Sold January 2022
104 Madison Street, Wilkes-Barre in Wilkes-Barre
1 / 8
8
Units
6,550
Building SF
$76
Per Sq Ft
Last List Price
$499,000
Sold For
$500,000
Against Asking
Sold 0.2% above asking

Wondering what that means for your own property? Get a real valuation in Wilkes-Barre — a local agent runs the comparables by hand, not an automated estimate.

About This Property

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, 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.

This property has sold and is no longer on the market. This is an older sale on record (January 2022), not a recent one — values in this market have moved since. It sold for $500,000 in January 2022. For recent comparable sales on this street and what they mean for your own property, contact us directly. Listed by Simplicity Realty.

Property Details

The Property

Property Type
Residential Income
Sub-Type
Multi Family
Style
3 or More Units
Condition
Very Good

Interior

Basement
Dirt Floor
Interior Features
Drywall, Plaster
Included
8 Ranges, 8 Refrigerators...AS IS, WHERE IS condition

Systems

Heating
Natural Gas
Water
Public
Sewer
Public Sewer

Exterior & Lot

Exterior
Aluminum Siding
Roof
Composition
Garage
Detached
Lot Dimensions
50X70 30X75

Location

County
Luzerne County
School District
Wilkes-Barre
Zoning
Multi-Family

Costs & Listing

Annual Taxes
$5,092
Gross Income
$77,460
Net Operating Income
$63,483
Cap Rate
12.72%
MLS #
21-5877
Listed By
Simplicity Realty

What Is Your Wilkes-Barre Home Worth Today?

Sales like this one set the comparables your own property is measured against. We will pull the closed sales in Wilkes-Barre and give you a real number — not an automated estimate.

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