$500,000
Scranton, PA 18509
MLS# PW-230557
Status: Closed
4800 sqft
1 / 12
Property Description
Large 7 Unit building located near universities , Completely rented with leases and has coin operated laundry. Come with an additional lot which can be used for additional parking. New Furnace installed last year. This property cash flows and has steady tenants., Baths: Y
Details
Location, Tax, and Legal
Street Additional Info: 1107-1109 Fisk St
Municipality: Lackawanna - Lackawanna County
High School District: Scranton School District
Cnty&Muni Taxes (Legacy): 1602.78
School Tax Amount: 0
Tax Annual Amount: 3604.6
Tax Assessed Value: 14000
Parcel Number: 13511010035
Zoning Description: Multi-Family
Tax Book Number: 1427-0535
General Property Information
Number Of Buildings: 1
Number Of Units Total: 7
Lot Size Acres: 0.17
Lot Size Dimensions: 50x150x50x150
Water Body Name: None
Parking Total: 10
Basement YN: Yes
Stories: 3
List Price/SqFt: 113.52
Sold Price/SqFt: 104.17
Living Area: 4800
Year Built: 1945
Remarks and Miscellaneous
Public Remarks: Large 7 Unit building located near universities , Completely rented with leases and has coin operated laundry. Come with an additional lot which can be used for additional parking. New Furnace installed last year. This property cash flows and has steady tenants., Baths: Y
Status Change Information
Concessions: No
Buyer Financing: Conventional
Concessions Amount: 0
Major Change Timestamp: 2023-07-29T10:53:08Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-15
Close Date: 2023-07-28
Close Price: 500000
Construction Materials
Vinyl Siding: 1
Cooling
Ceiling Fan(s): 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Laundry Features
Common Area: 1
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Oil, Gas and Mineral Rights
Gas Rights Reserved: None
Parking Features
Paved: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Other: 1
See Remarks: 1
Income and Expenses
Electric Expense: 2400
Gross Income: 77400
Heat Expense: 4900
Insurance Expense: 3220
Licenses Expense: 300
Maintenance Expense: 2000
Net Operating Income: 48893
New Taxes Expense: 3947
Operating Expense: 1200
Trash Expense: 960
Water Expense: 9600
Unit 1
Unit #: 1
Actual Rent: 1000
SqFt Total: 1200
Baths Total: 1
Beds Total: 3
Rooms Total: 5
Occupied YN: Yes
Unit 2
Unit #: 2
Actual Rent: 1000
SqFt Total: 600
Baths Total: 1
Beds Total: 1
Rooms Total: 3
Occupied YN: Yes
Unit 3
Actual Rent: 900
SqFt Total: 600
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Occupied YN: Yes
Unit 4
Unit #: 4
Actual Rent: 1000
SqFt Total: 600
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Occupied YN: Yes
Unit 5
Actual Rent: 1000
SqFt Total: 600
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Occupied YN: Yes
Unit 6
Unit #: 6
Actual Rent: 1000
SqFt Total: 600
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Occupied YN: Yes
Unit 7
Actual Rent: 1350
SqFt Total: 1200
Baths Total: 1
Beds Total: 4
Rooms Total: 6
Occupied YN: Yes
Documents Available
Lead-Based Paint Hazards Disclosure: 1
Contract Information
Current Price: $500,000
Sold Price: $500,000
Status: Closed
Listing Contract Date: 2023-03-08
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1107-1109
Street Name: Fisk
Street Suffix: Street
County: Lackawanna
State: PA
Postal Code: 18509
Subdivision Name: None
Property Features
Construction Materials: Vinyl Siding
Cooling: Ceiling Fan(s)
Heating: Baseboard; Electric; Hot Water
Laundry Features: Common Area
Levels: Three Or More
Listing Terms: Cash; Conventional; FHA
Parking Features: Paved
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Other; See Remarks
Documents Available: Lead-Based Paint Hazards Disclosure
Listing Office: Lewith & Freeman Real Estate Hawley
Last Updated: September - 08 - 2024
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