** TWO MULTI FAMILYS ON ONE DEED! TOTAL OF 6 UNITS!** This unique investment opportunity includes two parcels on a double lot -- 273 Kelly Street and Miller Street -- offering exceptional redevelopment potential in a growing area. Formerly a retail/mixed-use property, the building has already been re-zoned for multi-family use, creating endless possibilities for investors, developers, or owner-operators looking to maximize value.The property currently consists of 2 existing units with the potential to add additional residential units, subject to zoning approval, building code compliance, and required parking regulations. One existing retail space is already laid out similarly to a residential apartment and can easily be converted into 2 separate units with minimal work, including framing a dividing wall and adding a small kitchen. An additional retail space on the right-hand side also offers the potential for another residential unit and is ready for a full renovation.A major bonus is the approved concept plan for a future parking lot located on the vacant lot behind 701 Miller Street, which is included in the same parcel ownership. This provides the opportunity to create the required parking needed to support additional residential development.Whether you're looking to expand your rental portfolio, create a multi-family redevelopment project, or capitalize on a value-add opportunity, this property offers flexibility, strong upside potential, and room for growth.Property tax: $3576 a yearSewer Usage: $343 a year ($49 per unit)Sewer Bill: $1820 a year ($65 per unit quarterly)Insurance: $2,588

Luzerne is located in Pennsylvania. Luzerne, Pennsylvania has a population of 2,721. Luzerne is less family-centric than the surrounding county with 8.56% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Luzerne, Pennsylvania is $40,674. The median household income for the surrounding county is $56,534 compared to the national median of $69,021. The median age of people living in Luzerne is 50.6 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 41.5 inches per year, with 36.9 inches of snow per year.