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611/651 Main Street, Tobyhanna, PA 18466 (MLS# PM-90582)

$925,000
611/651 Main Street
Tobyhanna, PA 18466
MLS# PM-90582
Status: Closed
5490 sqft
611/651 Main Street, Tobyhanna, PA 18466
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Property Description
Multifamily investment for sale in Tobyhanna. The two-building package includes 11 units and has been recently renovated including new roofs, laundry rooms, and remodeling of most units. Proximity to major area employers including Tobyhanna Army Depot, Walmart Distribution Center, Sanofi, and Kalahari Resorts. Fully occupied investment.

Details
Maps
Contract Information
Property Sub Type: Multi Family
Sold Price: $925,000
Current Price: $925,000
Status: Closed
Listing Contract Date: 2021-08-09
Listing Service: Full Service
Location Tax and Legal
County: Monroe
Street Number: 611/651
Street Name: Main
Street Suffix: Street
City (Post Office): Tobyhanna
State: PA
Postal Code: 18466
General Property Information
Building Area Total: 5490
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 2
Year Built: 1902
Basement YN: No
Lot Size Acres: 0.97
Sign On Property YN: No
List Price/SqFt: 200.36
Sold Price/SqFt: 168.49
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: Modern, Bathrooms: Modern, Miscellaneous: Zoning Code C-3, Miscellaneous: Cert of Occ Req'd No
Public Remarks: Multifamily investment for sale in Tobyhanna. The two-building package includes 11 units and has been recently renovated including new roofs, laundry rooms, and remodeling of most units. Proximity to major area employers including Tobyhanna Army Depot, Walmart Distribution Center, Sanofi, and Kalahari Resorts. Fully occupied investment.
Status Change Information
Purchase Contract Date: 2021-09-30
Close Date: 2022-01-10
Close Price: 925000
Income and Expenses
Gross Income: 123420
Net Operating Income: 87296
Unit 1
Occupied YN: Y
Unit 2
Occupied YN: Y
Unit 3
Occupied YN: Y
Unit 4
Occupied YN: Y
Unit 5
Occupied YN: Y
Unit 6
Occupied YN: Y
Unit 7
Occupied YN: Y
Unit 8
Occupied YN: Y
Unit 9
Occupied YN: Y
Unit Details
Efficiency: 1
1 Bedroom: 7
2 Bedroom: 3
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Possession: Close Of Escrow
Laundry Features: Common Area
Roof: Shingle
Cooling: Ceiling Fan(s); Wall/Window Unit(s); Separate Meters
Heating: Electric
Water Heater: Electric
Appliances: Water Heater
Water Source: Public
Sewer: Septic Tank
Road Surface Type: Paved
Road Responsibility: Public Maintained Road

Listing Office: KW Commercial - Main St

Last Updated: March - 13 - 2025

611/651 Main Street, Tobyhanna, PA 18466 - MLS# PM-90582

Information deemed reliable but not guaranteed.

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