631-633 WASHINGTON BOULEVARD, Williamsport, PA 17701
$899,000
Property Type:
Commercial Sales
Baths:
6
Square Footage:
5,884
Lot Size (sq. ft.):
14
Status:
Closed
Current Price:
$899,000
List Date:
4/20/2021
Last Modified:
9/04/2024
Description
Investor Opportunity, mostly passive income. Sale includes restaurant building (restaurant business NOT for sale), almost entirely triple net, meaning restaurant tenant pays taxes, insurance, utilities, repairs, etc., and two duplexes next door, where owner just pays water/sewer and refuse. Steady income for years into the future. To a large extent, ''mailbox money''. Please see all photos, and virtual tour. 8% cap rate.. Call Larry Ross at 907-727-2227 for details.
More Information MLS# WB-92354
Contract Information
Listing Contract Date: 2021-04-19
Status: Closed
List Price: $899,000
Current Price: $899,000
Assessed Valuation: 331080
Listing Service: Full Service
Foreclosure: No
Sold Information
Under Contract Date: 2021-12-06
Sold Date: 2021-12-30
General Property Description
Apx Total Fin SqFt: 5884
SqFt Retail: 4298
SqFt Apartment: 1586
Year Built: 1967
Lot Dimensions: 50'X240' + 29' X70'
Lot Size Acres: 0.39
Lot SqFt: 14,030
Stories: 2
Bathrooms Total: 6
# Parking Spaces: 34
Living Space: Yes
LocationTax and Other Information
House #: 631-633
Street Name: WASHINGTON
Street Suffix: BOULEVARD
County: Lycoming
State: PA
Postal Code: 17701
MLS Area: WILLIAMSPORT CITY
Zoning: COM
Subdivision Name: Williamsport East of Market St
Tax ID: 69-005-202 and 69-005-200A
Geo Lat: 41.247737
Geo Lon: -76.991817
Basement
Basement Access: Walk Up
Details
Property Assoc.: No
Under Construction: No
Annual Income and Expenses
Inc - Rent:RE: 75000
Total Income/Yr: 75000
Exp - Insurance: 1440
Exp - Miscellaneous: 1416
Exp - Taxes: 1728
Exp - Utilities: 2400
NOI - Net Oper. Inc.: 68016
Land Use
Leased Lot: No
Roof Type
Roof Age: Unknown
Pending Showings
Show while Pending: No Show
Showings
Media Permission: No
Property Features
Access: City Street
Characteristics: Sidewalks
Construction: Frame
Documents on File: Tax Card
Electrical Service: 151-399 amps
Exterior Finish: Stone Veneer
Features: Equipment; Handicap Accessible; Restroom - Public
Financing Considered: 1031 Exchange; Cash; Conventional
Floors: Other
Foundation: Block
Garage Type: None
Heating Type: See Remarks
Heating Fuel: Natural Gas
Sale Includes: Building; Existing Leases; Land
Sewer: Public Sewer
Type: Bar/Tavern/Lounge; Commercial with Apts; Restaurant
Water Source: Public
Contingency Reason: Financing; Inspections
Listing Office: PREMIER REAL ESTATE AGENCY
Office Phone: 570-601-0774
Listing Agent: Lawrence Ross
Last Updated: September - 04 - 2024
All information deemed reliable, though not guaranteed. All measurements are approximate.