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425 S FRANKLIN Street, Wilkes-Barre

Wilkes-Barre, PA, 18702 · MLS #16-5285

$600,000

Sold October 2016

425 S FRANKLIN Street, Wilkes-Barre in Wilkes-Barre

1 / 8

Units

30,618

Building SF

$20

Per Sq Ft

Last List Price

$675,000

Sold For

$600,000

Against Asking

Sold 11.1% below 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

This very attractive old school was transformed into a 24 unit building with 100% occupancy, all units have city occupancy permits, separate gas and electric, secured building with cameras inside and out and key fab entry, first floor coin op laundry, off street parking for 30 vehicles and most units have the really high ceilings! 5- 2beds, 8 lofts and 11- one bedrooms.

This property has sold and is no longer on the market. This is an older sale on record (October 2016), not a recent one — values in this market have moved since. It sold for $600,000 in October 2016. For recent comparable sales on this street and what they mean for your own property, contact us directly. Listed by Classic Properties Kingston.

Property Details

The Property

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

Interior

Basement: Concrete, Unfinished, Partial
Interior Features: Plaster
Included: 17 fridges and 19 stoves

Systems

Heating: Natural Gas
Water: Public
Sewer: Public Sewer

Exterior & Lot

Exterior: Brick
Roof: Rolled/Hot Mop
Garage: Detached
Lot Dimensions: .78

Location

County: Luzerne County
School District: Wilkes-Barre
Zoning: Residential

Costs & Listing

Annual Taxes: $19,493
Gross Income: $145,224
Net Operating Income: $98,348
Cap Rate: 14.57%
MLS #: 16-5285
Listed By: Classic Properties Kingston

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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