$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
General Property Information
Number Of Buildings: 1
Number Of Units Total: 7
Living Area: 4800
Year Built: 1945
Parking Total: 10
Lot Size Acres: 0.17
Lot Size Dimensions: 50x150x50x150
Water Body Name: None
Basement YN: Yes
Stories: 3
List Price/SqFt: 113.52
Sold Price/SqFt: 104.17
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
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
Concessions: No
Buyer Financing: Conventional
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
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
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.