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Listed by james J Reardon • eXp Commercial
$1,200,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALU2002706
Year Built 1930
Annual Tax Amount $33,092
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 12636
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Want to own a cash-flowing, turnkey 4-building portfolio? Gross income of $129,900 and verified net income of $107,870 deliver a strong 9% cap rate across this fully renovated 8-unit mixed-use portfolio in Wilkes-Barre. This isn't a single structure—it's a cohesive, income-producing property group offering diversified returns from multiple residential and commercial streams. The Seven residential units have been completely rebuilt with new kitchens, cabinetry, countertops, vanities, flooring, and paint. The garage has been renovated as an additional income source, all siding and roofs replaced, and 30+ new windows installed. Every safety, zoning, and code requirement has been met with full permits and a fresh certificate of occupancy. The commercial exterior was upgraded to match the residential work, creating a unified and professional appearance ideal for long-term tenant retention and community appeal. The financials include professional management and maintenance contracts, so the next owner inherits a seamless operation with dependable tenants and steady demand from new showings. This is a rare opportunity to acquire a stabilized, turnkey portfolio already optimized for consistent performance. With nine total income sources, modernized infrastructure, and immediate cash flow, this collection offers both yield and appreciation potential in one of Pennsylvania's fast-growing, affordable multifamily markets—an exceptional investment for any serious buyer.
Location
State PA
County Luzerne
Area Wilkes Barre City (13773)
Zoning R
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Flooring Hardwood
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Roof Type Architectural Shingle
Accessibility 2+ Access Exits
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wilkes-Barre Area
Others
Tax ID 73-G10SE1-006-12A-000
Ownership Fee Simple
Special Listing Condition Standard
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