175 Old River RdWilkes-Barre, PA 18702

For Sale
$549,000

Six-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional six-unit apartment building presents a compelling investment opportunity in Wilkes-Barre, Pennsylvania. Located at 175 Old River Rd, this well-maintained property offers a mix of spacious living options, including four two-bedroom apartments and two studio units, all within a solid, full-brick structure. The building's 6,000 square feet are priced at $91.50 per square foot, with an overall asking price of $549,000, representing $91,500 per unit. The property benefits from convenient off-street parking, a highly desirable feature for tenants in this market. Situated in Luzerne County, with a zip code of 18702, this Class C multifamily asset is strategically positioned for consistent rental income and future appreciation. The meticulously maintained condition of the building ensures minimal upkeep, maximizing the return on investment. This property offers a blend of stability and growth potential, making it an attractive addition to any investment portfolio. The strong construction and desirable unit mix contribute to its long-term viability. This is a turnkey investment ready for immediate income generation.

Property Details for 175 Old River Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
6,000 SF
Class
C
Units
6

Location Insight

City
Wilkes-Barre
County
Luzerne
State
Pennsylvania
Latitude
41.2430945
Longitude
-75.9064146
175 Old River Rd, Wilkes-Barre, Pennsylvania

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175 Old River Rd
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