229 Ridge Street, Freeland

Freeland, PA, 18224 · MLS #23-1986

$282,000

Sold January 2024

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Approximate location · View larger map

Units

4,755

Building SF

$59

Per Sq Ft

Last List Price

$290,000

Sold For

$282,000

Against Asking

Sold 2.8% below asking

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About This Property

Spacious 4 Unit Brick building with newer roof . Tenant pay all utilities except water and sewer.. Third floor has unfinished 5th unit with 2 bedroom unit. Long term tenants with great rental history. A must see for all investors.

This property has sold and is no longer on the market. This is an older sale from January 2024, and prices in this area have changed since then. It sold for $282,000 in January 2024. Contact us for other recent sales nearby. Listed by Wychock Real Estate, LLC.

Property Details

The Property

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

Interior

Basement: Concrete
Interior Features: Drywall
Included: 4 Refrigerators, 4 Stoves one in each unit in as-is condition

Systems

Heating: Electric Baseboard
Water: Public
Sewer: Public Sewer

Exterior & Lot

Exterior: Aluminum Siding, Brick, Stucco
Roof: Composition
Garage: Detached
Lot Dimensions: 50x75

Location

County: Luzerne County
School District: Hazleton
Zoning: Multi-Family

Costs & Listing

Annual Taxes: $3,041
Gross Income: $31,800
Net Operating Income: $22,807
Cap Rate: 7.86%
MLS #: 23-1986
Listed By: Wychock Real Estate, LLC

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