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380-384 S Franklin St S 9 Unit Apartment Building $1,065,655 CAD ($118,406 CAD/Unit) 11.52% Cap Rate Wilkes Barre, PA 18702
Investment Highlights
- Fully occupied
- Great location for renters
- Paying Tenants
Executive Summary
Seize this rare opportunity to own a turnkey, fully occupied 9-unit multifamily property in the heart of Wilkes-Barre, PA. Perfectly positioned for both seasoned and new investors, this property is a true cash-flowing asset from day one! Fully rehabbed in 2024 and very low operating expenses. LL pays water/sewer only. Tenants pay electric and trash.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,065,655 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $118,406 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 11.52% | Building Size | 6,900 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Zoning | Multi-family - 9 unit. | ||
| Price | $1,065,655 CAD |
| Price Per Unit | $118,406 CAD |
| Sale Type | Investment |
| Cap Rate | 11.52% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,900 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | Multi-family - 9 unit. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 700 |
| 1+1 | 2 | - | 700 |
| 2+1 | 4 | - | 700 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Numbers | Improvements Assessment | $161,872 CAD (2025) | |
| Land Assessment | $40,468 CAD (2025) | Total Assessment | $202,340 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$40,468 CAD (2025)
Improvements Assessment
$161,872 CAD (2025)
Total Assessment
$202,340 CAD (2025)
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380-384 S Franklin St S
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