104 Madison Street, Wilkes-Barre
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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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