$405,000
Honesdale, PA 18431
MLS# 21-3230
Status: Closed
4080 sqft
1 / 26
Property Description
Prime Investment Opportunity...Exceptional 7 Unit Honesdale Income Producer With Low Carrying Costs! Great Commercial Corner Right On Main Street. Long Term Maintenance/Capital Improvements Have Been Completed Including New Roof & 7 New Hot Water Heaters. All Separate Utilities. Building Is Fully Rented With One Owners Apartment Ready For Renovation., Baths: Y
Details
Location, Tax, and Legal
Street Additional Info: 102 10th Street
Municipality: Honesdale Borough
High School District: Wayne Highlands
Cnty&Muni Taxes (Legacy): 3745.54
School Tax Amount: 4971.37
Tax Annual Amount: 8716.91
Parcel Number: 11-0-0005-00343
Zoning Description: Commercial
Tax Book Number: 5001/302
General Property Information
Number Of Buildings: 1
Number Of Units Total: 7
Lot Size Acres: 0.06
Water Body Name: None
Parking Total: 0
Basement YN: Yes
Stories: 2
List Price/SqFt: 97.79
Sold Price/SqFt: 99.26
Living Area: 4080
Year Built: 1900
Remarks and Miscellaneous
Public Remarks: Prime Investment Opportunity...Exceptional 7 Unit Honesdale Income Producer With Low Carrying Costs! Great Commercial Corner Right On Main Street. Long Term Maintenance/Capital Improvements Have Been Completed Including New Roof & 7 New Hot Water Heaters. All Separate Utilities. Building Is Fully Rented With One Owners Apartment Ready For Renovation., Baths: Y
Status Change Information
Concessions: Yes
Concessions Amount: 20000
Major Change Timestamp: 2021-10-01T17:44:26Z
Major Change Type: Status Change
Purchase Contract Date: 2021-08-17
Close Date: 2021-09-30
Close Price: 405000
Construction Materials
Vinyl Siding: 1
Cooling
Wall/Window Unit(s): 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Listing Terms
Cash: 1
Conventional: 1
Oil, Gas and Mineral Rights
Gas Rights Reserved: None
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Other: 1
Income and Expenses
Electric Expense: 600
Gross Income: 51900
Insurance Expense: 3000
New Taxes Expense: 8717
Other Expense: 600
Water Expense: 5568
Unit 1
Unit #: 1
Actual Rent: 700
Baths Total: 1
Beds Total: 1
Occupied YN: Yes
Unit 2
Unit #: 2
Actual Rent: 750
Baths Total: 1
Beds Total: 1
Occupied YN: Yes
Unit 3
Actual Rent: 700
Baths Total: 1
Beds Total: 1
Unit 4
Unit #: 4
Actual Rent: 725
Baths Total: 1
Beds Total: 1
Occupied YN: Yes
Unit 5
Actual Rent: 650
Baths Total: 1
Beds Total: 1
Occupied YN: Yes
Unit 6
Unit #: 6
Occupied YN: No
Unit 7
Actual Rent: 800
Baths Total: 1
Occupied YN: Yes
Contract Information
Current Price: $405,000
Sold Price: $405,000
Status: Closed
Listing Contract Date: 2021-08-10
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 102
Street Name: 10th
Street Suffix: Street
County: Wayne
State: PA
Postal Code: 18431
Subdivision Name: None
Property Features
Construction Materials: Vinyl Siding
Cooling: Wall/Window Unit(s)
Heating: Baseboard; Electric; Hot Water
Listing Terms: Cash; Conventional
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Other
Listing Office: Davis R. Chant - Honesdale
Last Updated: September - 08 - 2024
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