Laurie Estates, Lake Ariel, PA 18436
$3,150,000
Property Type:
Commercial Sale
Square Footage:
30,000
Status:
Closed
Current Price:
$3,150,000
List Date:
6/21/2023
Last Modified:
9/11/2024
Overview
Description
Listing Details MLS# PW-231887
General Property Information
- Business Name
- Laurie Estates
- Number Of Buildings
- 5
- Number Of Units Total
- 27
- Building Area Total
- 30000
- Living Area
- 30000
- Year Built
- 1992
- Lot Size Acres
- 11.6
- Water Body Name
- None
- Stories
- 2
- List Price/SqFt
- 116.67
- Sold Price/SqFt
- 105
Property Features
Building Features:
Fixtures Included
Business Type:
Rental
Construction Materials:
Frame
Current Use:
Residential
Heating:
Electric; Natural Gas
Listing Terms:
Cash; Conventional
Parking Features:
On Site
Possession:
Negotiable
Road Frontage Type:
City Street; State Road
Road Surface Type:
Paved
Sewer:
Septic Tank
Tenant Pays:
Grounds Care; Sewer; Trash Collection; Water
Water Source:
Well
Contract Information
- Listing Contract Date
- 2023-06-19
Location Tax and Legal
- Street Name
- Laurie Estates
- County
- Wayne
- State
- PA
- Postal Code
- 18436
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- I Am Pleased To Present One Of The Most Attractive & Lucrative Multifamily Acquisitions On The Market! Laurie Estates Is A Turnkey 27-Unit Complex Comprised Of 5 Separate Colonial Style Buildings Positioned On 11.6 Acres In Lake Ariel. Its Convenient Location Provides Easy Access To Major Interstates, Including I-80, I-81, & I-84, & Within A 2-Hr Radius Of The NY & Phila Metro Areas. The Combined Square Footage Of Laurie Estates Totals Over 30,000 Sq Ft w/ Spacious, Open Concept Floor Plans. The Property's Modern Unit Mix Consists Of 24-2 Bed/1 Bath Units, 2-3 Bed/2 Bath Units & 1 Studio Each w/ 2 Parking Spaces. All Apartments Include An Outdoor Area w/ Either A Balcony Or Patio Along w/ Shared Laundry Facilities. BUY TODAY..PROFIT TOMORROW! Call Me Today For A Private Tour!
Status Change Information
- Major Change Timestamp
- 2023-12-22T14:13:25Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-08-24T14:08:45Z
- Purchase Contract Date
- 2023-10-22
- Close Date
- 2023-12-22
- Close Price
- 3150000
- Buyer Financing
- Conventional
More Information
Building Features
- Included In Contract
- Building Only
Income and Expenses
- Cap Rate
- 6.9
- Gross Income
- 370000
- Net Operating Income
- 270000
Listing Office:
Davis R. Chant - Honesdale
Last Updated: September - 11 - 2024
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