Address
Various Addresses Freeland, PA
Price
$ 749,000
Property Attributes
  • MLS#PALU103618
  • TypeMulti-Family
  • CountyLUZERNE
  • CityFreeland
  • AreaFreeland Boro
  • Zip18224
  • Style
  • Year Built1950
  • Taxes$ 10378
  • Price$ 749,000
  • Bedrooms32
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
KW Commercial
Data Source:
Bright MLS
Property Description

The Portfolio consists of 15 units made up of single-family and multifamily properties concentrated in Freeland, PA along the explosive I-81 industrial/warehouse corridor. The asset mix consists of (6) single family homes, (1) quadraplex, (1) twin/duplex, and (1) triplex/row. Each of the properties has been fully renovated. The average rent across the Portfolio is only $635. With in-place rents well below market and all tenants on MTM leases, there is an easy opportunity for new ownership to increase revenue by 15-20% by simply providing rent increase notices to tenants.

Price History
2/1/2021 Listed $749,000

General Features

Accessibility None
Architectural Style Other
Construction Materials Other
Cool Fuel Electric
Cooling Window Unit(s)
County LUZERNE
Days on Market 140
Exclusions Tenant Belongings
Garage Y/N No
Heating Baseboard - Electric
High School District HAZLETON AREA
MLS Area Freeland Boro (13722)
Municipality FREELAND BORO
New Construction No
Numberofunitsvacant 1
One Bedroom Units Count 4
Other Structures Above Grade
Ownership Fee Simple
Possession Immediate
Property SubType Other
Property Type Multi-Family
PropertyCondition Average, Good, Very Good
Rent Control Y/N No
Sewer Public Sewer
Structure Type Other
Tax Annual Amount 10378.0
Tax Year 2020
Total Units 4
Two Bedroom 5
Vacation Rental Y/N No
Water Access Y/N No
Zoning NA

Interior Features

Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Three Bedroom Units Count 6

Exterior Features

Lot Size Acres 0.00
Lot Size Source Estimated
Lot Size Square Feet 0.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking Off Street, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18224

Price
AVG $290K
$750K
Taxes
AVG $2,762
$10,378
Visits
AVG 18
98
Year Built
AVG 1955
1950
Walkscore
AVG 66
66
Data Provided by Walkscore ® not using MLS data

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