Active
40 Pierce Street
Kingston PA, 18704
$799,000
$173.70 per sqft
Active
4,600 sqft
Commercial
Built in 1940
Located in a desirable neighborhood near Kingston's vibrant downtown area, this well-maintained 6-unit apartment building presents an outstanding investment opportunity. The property boasts a strategic location that ensures high demand and stable occupancy rates, making it an attractive addition to any investor's portfolio. Each unit is designed with tenant comfort in mind, offering spacious layouts and modern amenities that appeal to quality renters. A significant advantage of this property is that tenants are responsible for their own gas and heat, substantially reducing the landlord's operational costs. Moreover, the building benefits from Kingston's low property taxes, further enhancing the net return on investment. With consistent rental income, low maintenance requirements, and proximity to the bustling downtown scene, this apartment building combines financial efficiency with potential for future appreciation, making it a smart and lucrative investment choice.
SC2903
MLSⓇ ID
June 4, 2024
Listed
October 1, 2024
Updated
Map
40 Pierce Street
Kingston PA, 18704
Interior Features
Total Stories
3
Floor Description
Tile, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas, Steam
Exterior/Building Features
Lot Size
0.16 Acres
Exterior Features
None
Roof
Composition
Sewer
Public Sewer
School Information
School District
Wyoming Valley West
Other Property Details
Taxes
$3,986
Tax Frequency
Annually
Days on Market
101
Garage
No
Parking
On Street
View
No
County
Luzerne
Water Source
Public
Pool
No
Zoning
Residential
Listed by Sunita Arora with ERA One Source Realty
Listing Contact:
The IDX display contains information sourced from the Greater Scranton Board of REALTORS® as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 10/1/2024 at 9:10 PM UTC