256-260 E Grove ST, Pringle, PA 18704
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256-260 E Grove ST, Pringle, PA 18704
256-260 E Grove ST, Pringle, PA 18704
256-260 E Grove ST, Pringle, PA 18704
256-260 E Grove ST, Pringle, PA 18704
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Luke Medico

Luke Medico

+1(267) 319-4844
Listed by Marc Vincent Rodriguez-Douglas Christian Saunders Real Estate
$ 675,000
Est. payment /mo
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256-260 E Grove ST Pringle, PA 18704

7,550 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,550 sqft

Price per Sqft $89

MLS Listing ID 26-3548

Annual Tax Amount $5,264

Tax Year 2025

Lot Size 7,550 Sqft

Lot Dimensions 69X153

Property Sub-Type Residential Income

Source Luzerne County Association of REALTORS®

Property Description

Exceptional 6-Unit Investment Opportunity in the Highly Desirable Pringle/Kingston Area! Don't miss this rare chance to own a high-performing multifamily property featuring two buildings on one parcel, with one deed, offering incredible income potential and long-term value! Currently generating an impressive 9% CAP Rate with 5 fully renovated, occupied units, this investment becomes even stronger once the 6th unit-needing only a few finishing touches-is completed and leased, increasing the projected CAP Rate to 11% or better! The property includes a 5-unit apartment building and a spacious single-family home situated on a generous lot with ample off-street parking. The apartment building has seen numerous updates throughout, including newer flooring, fresh paint, updated light fixtures, countertops, cabinets, appliances, and more. Roofs on both buildings are approximately 10 years old. The expansive single-family home offers 5 large bedrooms, 2 bathrooms, a home office, a sunroom, and a relaxing jacuzzi tub, making it an excellent owner's residence or an additional income-producing rental. Utilities are separate for the single-family home, while tenants in the apartment building pay their own utilities with the exception of water. All 5 Units in the apartment building are 2 bedrooms, 1 bathroom. Whether you're looking to house hack by living in the single-family home while the apartment building covers your mortgage and then some, or maximize your returns by renting all 6 units, this property offers exceptional flexibility and outstanding cash flow potential. Opportunities like this are hard to find in such a sought-after location. Schedule your private showing today and see why this property is a standout addition to any investment portfolio!

Location

State PA

County Luzerne

Direction Make a L off Union Street onto Evans Street, Evans Street turns into E Grove Street, the property is on the R side about halfway down E Grove Street. There is a front building and a rear building.

Rooms

Basement Concrete Floor

Interior

Heating Gas

Fireplace No

Building

Structure Type Brick,Stucco,Vinyl Siding

New Construction No

Schools

School District Wyoming Valley West

Others

Tax ID 52-G9S1-015-018

Luke Medico

Luke Medico

Agent | License ID: RS325682

+1(267) 319-4844

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256-260 E Grove ST