$3,150,000
Lake Ariel, PA 18436
MLS# PW-231887
Status: Closed
30000 sqft
1 / 14
Property Description
I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!
Details
Location, Tax, and Legal
Street Additional Info: Laurie Estates
Municipality: Lake Township
High School District: Western Wayne Area
Cnty&Muni Taxes (Legacy): 10898.01
School Tax Amount: 33591.01
Tax Annual Amount: 44489.02
Parcel Number: 12-0-0303-0037.0001
Additional Parcels Description: 12-0-0303-0037.0002, .0003. .0004, .0005
Zoning Description: None
Tax Book Number: 6114/166
General Property Information
Business Name: Laurie Estates
Number Of Buildings: 5
Number Of Units Total: 27
Building Area Total: 30000
Lot Size Acres: 11.6
Water Body Name: None
Stories: 2
List Price/SqFt: 116.67
Sold Price/SqFt: 105
Living Area: 30000
Year Built: 1992
Remarks and Miscellaneous
Public Remarks: I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2023-12-22T14:13:25Z
Major Change Type: Status Change
Price Change Timestamp: 2023-08-24T14:08:45Z
Purchase Contract Date: 2023-10-22
Close Date: 2023-12-22
Close Price: 3150000
Construction Materials
Frame: 1
Current Use
Residential: 1
Heating
Electric: 1
Natural Gas: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
On Site: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
State Road: 1
Road Surface Type
Paved: 1
Sewer
Septic Tank: 1
Water Source
Well: 1
Income and Expenses
Cap Rate: 6.9
Gross Income: 370000
Net Operating Income: 270000
Building Features
Included In Contract: Building Only
Fixtures Included: 1
Business Type
Rental: 1
Tenant Pays
Grounds Care: 1
Sewer: 1
Trash Collection: 1
Water: 1
Contract Information
Current Price: $3,150,000
Sold Price: $3,150,000
Status: Closed
Listing Contract Date: 2023-06-19
Location Tax and Legal
Street Name: Laurie Estates
County: Wayne
State: PA
Postal Code: 18436
Subdivision Name: None
Property Features
Building Features: Fixtures Included
Business Type: Rental
Construction Materials: Frame
Current Use: Residential
Heating: Electric; Natural Gas
Listing Terms: Cash; Conventional
Parking Features: On Site
Possession: Negotiable
Road Frontage Type: City Street; State Road
Road Surface Type: Paved
Sewer: Septic Tank
Tenant Pays: Grounds Care; Sewer; Trash Collection; Water
Water Source: Well
Listing Office: Davis R. Chant - Honesdale
Last Updated: September - 11 - 2024
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