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32265788
32265790

73 S WELLES ST, WILKES BARRE, PA 18702-5141 For Sale

JD
PA PA RM423820
Steel City Realty
Listed by Steel City Realty
$550,000
82 days on market
Updated 81 days ago

6 unit in Wilkes Barre (73 S Welles)

Details
APN 73H10SW4014017000
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 10.8%
NOI $59,407
Occupancy 83%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 12.52%
Pro-Forma NOI $68,885
Class C
Lot Size (SqFt) 4,786
Investment Type Value Add

About This Property for Sale

Marketing description

Great opportunity to own a 6-unit multifamily property with an additional parking lot for added value and tenant convenience. Currently 5 of 6 units are occupied, offering immediate income with upside through lease-up. Tenants pay all utilities, except Unit 3 where landlord covers water and sewer. A strong value-add investment with room to increase cash flow in a solid rental market.

Investment highlights

Great opportunity to own a 6-unit multifamily property with an additional parking lot for added value and tenant convenience. Currently 5 of 6 units are occupied, offering immediate income with upside through lease-up. Tenants pay all utilities, except Unit 3 where landlord covers water and sewer. A strong value-add investment with room to increase cash flow in a solid rental market.

Listing Contacts

JD
PA PA RM423820
Steel City Realty
Listed by Steel City Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,407.00
$4,950.58/mo

Valuation Metrics

0
DSCR
10.8%
Cap Rate
10.8%
ROI

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Additional Information

Name
Jennifer DeJesus
License
PA RM423820
Brokerage Phone
4848959005
Brokerage Address
456 Union Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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