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Listed by Marc Vincent Rodriguez-Douglas Christian Saunders Real Estate
$675,000
Est. payment /mo
7,550 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Pending
Purchase Type For Sale
Square Footage 7,550 sqft
Price per Sqft $89
MLS Listing ID 26-3548
Annual Tax Amount $5,264
Tax Year 2025
Lot Size 7,550 Sqft
Lot Dimensions 69X153
Property Sub-Type Residential Income
Source Luzerne County Association of REALTORS®
Property Description
Exceptional 6-Unit Investment Opportunity in the Highly Desirable Pringle/Kingston Area! Don't miss this rare chance to own a high-performing multifamily property featuring two buildings on one parcel, with one deed, offering incredible income potential and long-term value! Currently generating an impressive 10.49% CAP Rate with 5 fully renovated, occupied units, this investment becomes even stronger once the 6th unit-needing only a few finishing touches-is completed and leased, increasing the projected CAP Rate to 11% or better! The property includes a 5-unit apartment building and a spacious single-family home situated on a generous lot with ample off-street parking. The apartment building has seen numerous updates throughout, including newer flooring, fresh paint, updated light fixtures, countertops, cabinets, appliances, and more. Roofs on both buildings are approximately 10 years old. The expansive single-family home offers 5 large bedrooms, 2 bathrooms, a home office, a sunroom, and a relaxing jacuzzi tub, making it an excellent owner's residence or an additional income-producing rental. Utilities are separate for the single-family home, while tenants in the apartment building pay their own utilities with the exception of water. All 5 Units in the apartment building are 2 bedrooms, 1 bathroom. Whether you're looking to house hack by living in the single-family home while the apartment building covers your mortgage and then some, or maximize your returns by renting all 6 units, this property offers exceptional flexibility and outstanding cash flow potential. Opportunities like this are hard to find in such a sought-after location. Schedule your private showing today and see why this property is a standout addition to any investment portfolio!
Location
State PA
County Luzerne
Direction Make a L off Union Street onto Evans Street, Evans Street turns into E Grove Street, the property is on the R side about halfway down E Grove Street. There is a front building and a rear building.
Rooms
Basement Concrete Floor
Interior
Heating Gas
Fireplace No
Building
Structure Type Brick,Stucco,Vinyl Siding
New Construction No
Schools
School District Wyoming Valley West
Others
Tax ID 52-G9S1-015-018
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