111 Old River RdWilkes-Barre, PA 18702

For Sale
$459,000

Six-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully rented six-unit apartment building located at 111 Old River Rd, Wilkes-Barre, PA 18702, in Luzerne County. The property boasts a total of 6,098 square feet situated on a 0.14-acre lot. Built in 1930, this two-story building is zoned for commercial use and offers a compelling return on investment. Each of the six units commands a price of $76,500, contributing to an overall asking price of $459,000 ($75.27 per square foot). Recent improvements include a new roof, a newer furnace, and a newly poured concrete walkway. The property also features convenient off-street parking. Its prime location provides easy access to major highways, schools, shopping centers, and the downtown area. The building generates a substantial net annual income exceeding $58,000, making it an attractive prospect for discerning investors seeking a stable and profitable addition to their portfolio. This well-maintained property offers a blend of historical charm and modern updates, promising a strong return on investment for years to come.

Highlights

  • Exceptional investment opportunity: Fully rented six-unit apartment building.
  • 6,098 square feet on a 0.14-acre lot in Wilkes-Barre, PA.
  • $459,000 asking price ($75.27/SF).
  • Recent improvements include a new roof, newer furnace, and new concrete walkway.
  • Features off-street parking and strong location near highways, schools, and shopping.
  • Generates over $58,000 in net annual income.

Property Details for 111 Old River Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
6,098 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
6

Location Insight

City
Wilkes-Barre
County
Luzerne
State
Pennsylvania
Latitude
41.2448074
Longitude
-75.9048322
111 Old River Rd, Wilkes-Barre, Pennsylvania

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111 Old River Rd
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