188 W River St, Wilkes Barre, PA 18702

Upstairs downstairs all brick duplex close to Wilkes University. The first floor unit features 2 bedrooms and 1 full bathroom. The second/third floor unit features 4 bedrooms and 2 full bathrooms. FHA and VA loans could work. First floor apartment tenant pays for gas (including heat and hot water), electricity, and water. Second/third floor apartment tenant pays for electricity (including heat and hot water) and electricity. The landlord electricity account covers exterior and basement lighting. New electric water heater installed in 2020. Over $100,000 of renovations conducted in 2005 with proper permits. Roof installed by The Home Depot in 2005. GAF has a warranty against manufacturer's defects in the shingles that is transferable to the next owner. Downstairs unit heated by Peerless gas-fired steam boiler installed in 2005. Other renovations from 2005 included bathroom upgrades, kitchen upgrades, some additional insulation, light fixtures, interior and exterior doors, storm windows, deck, installation of 200-amp service in the upstairs unit with electric baseboard heaters, new water lines from the curb, concrete steps and custom handrail, whole house fire/burglar alarm, concrete walkway, whole house cable TV/Internet/phone wiring, exterior and interior painting, and flooring. All appliances included. Each unit has a range, dishwasher, stacked washer and dryer, and refrigerator. Unfinished basement. Off-street parking for up to 6 cars. Carpet in living spaces and vinyl floors in kitchens and bathrooms. Seller lived in the home from 2004-2007 and has easily rented the units since then. Landlord has detailed financial statements of actual expenses. Financials available to qualified buyers. No flood insurance required. Annual levee fee ($126.87 in 2021). Showings for qualified buyers only. No owner financing considered. Showings of the entire home are possible on Sundays between 3:30 p.m. and 7:00 p.m., or on Monday, Tuesday, or Wednesday. Seller willing to cooperate with brokers. Seller’s Property Disclosure Statement available. Annual property taxes are $4,592.50 ($2,484.80 school; $831.66 county; $1,276.04 city). Landlord pays Wyoming Valley Sanitary Authority fee, city recycling fee, and city sewer maintenance fee. The home is on 0.155 acres, with a lot size of 50' x 135'. The home has 2,174 finished square feet. Wilkes-Barre Buyer Notification Inspection completed. Seller will provide a clear Certificate of Occupancy to buyer at closing. Most photos depict the units prior to the current tenants moving in, as the seller prefers not to show pictures of the tenants' personal belongings. Whether you are a move-in homebuyer or a landlord looking for solid cash flow, you will appreciate this home’s value.