1026 Jackson Street, Scranton, PA 18504 (MLS# SC-5736)
1026 Jackson Street, Scranton, PA 18504
$315,000
Property Type:
Residential Income
Bedrooms:
7
Baths:
4
Lot Size (sq. ft.):
1,742
Status:
Closed
Current Price:
$315,000
List Date:
11/05/2024
Last Modified:
12/18/2024
Description
This updated, 4-unit building in Scranton offers a unique investment with strong income potential. The property includes two spacious 3-bedroom, 1-bath apartments, a cozy 1-bedroom, 1-bath unit, and a versatile storefront with a dedicated bathroom—ideal for small businesses.
Each unit has been renovated with separate utilities besides water, featuring new gas heating units, water heaters, and updated electrical and plumbing systems for ease of maintenance. The location is unbeatable: within walking distance to Main Ave's bustling restaurants and shops, and close to schools, stores, and downtown Scranton.
Whether you're a new investor or looking to expand your portfolio, this property promises consistent cash flow and long-term value in a desirable area. Don't miss out on this mix-use gem!
Rents are market value priced.
Measurements aren't Guaranteed or Warranted
More Information MLS# SC-5736
Contract Information
Current Price: $315,000
Sold Price: $315,000
Status: Closed
Listing Contract Date: 2024-11-04
Property Sub Type: Quadruplex
Listing Agreement: Exclusive Right To Sell
Owner Name: SOKO Investments LLC
Location Tax and Legal
Street Number: 1026
Street Name: Jackson
Street Suffix: Street
State: PA
Postal Code: 18504
County: Lackawanna
General Property Information
Number Of Units Total: 4
Bedrooms Total: 7
Bathrooms Total: 4
Bathrooms Full: 7
Bathrooms Half: 4
Above Grade Finished Area: 3700
Below Grade Finished Area: 1500
Living Area: 5200
Enhanced Accessible: No
Year Built: 1935
Year Built Source: Other
New Construction YN: No
Lot Size Acres: 0.04
Lot Size Dimensions: 25X81X25X77
Waterfront YN: No
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 62.5
Sold Price/SqFt: 60.58
Remarks and Miscellaneous
Public Remarks: This updated, 4-unit building in Scranton offers a unique investment with strong income potential. The property includes two spacious 3-bedroom, 1-bath apartments, a cozy 1-bedroom, 1-bath unit, and a versatile storefront with a dedicated bathroom—ideal for small businesses.
Each unit has been renovated with separate utilities besides water, featuring new gas heating units, water heaters, and updated electrical and plumbing systems for ease of maintenance. The location is unbeatable: within walking distance to Main Ave's bustling restaurants and shops, and close to schools, stores, and downtown Scranton.
Whether you're a new investor or looking to expand your portfolio, this property promises consistent cash flow and long-term value in a desirable area. Don't miss out on this mix-use gem!
Rents are market value priced.
Measurements aren't Guaranteed or Warranted
Status Change Information
Major Change Timestamp: 2024-12-18T21:28:04Z
Major Change Type: Status Change
Status Change Timestamp: 2024-12-18
Purchase Contract Date: 2024-11-25
Close Date: 2024-12-18
Close Price: 315000
Concessions: No
Buyer Financing: Cash
Unit 1
Unit #: First floor
Actual Rent: 1000
SqFt Total: 700
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Unit Remarks: water/sewer included
Unit 2
Unit #: 2nd floor
Actual Rent: 1250
SqFt Total: 1200
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: water/sewer included
Unit 3
Unit #: 3rd Floor
Actual Rent: 1250
SqFt Total: 1200
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: water/sewer included
Unit 4
Unit #: store front
Actual Rent: 800
SqFt Total: 600
Baths Total: 1
Dining Room YN: No
Kitchen YN: No
Unit Remarks: water/sewer included
Meter Information
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Property Features
Architectural Style: Complex
Basement: Unfinished
Cooling: None
Current Financing: None
Current Use: Mixed Use
Electric: 200+ Amp Service
Flooring: Vinyl
Foundation Details: Stone
Heating: Natural Gas; Separate Meters
Interior Features: Eat-in Kitchen
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Back Yard
Operating Expense Includes: Utilities
Owner Pays: Sewer; Taxes; Trash Collection; Water
Parking Features: On Street; Outside
Patio And Porch Features: Rear Porch
Pool Features: None
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: Appointment Only; Combination Lock Box
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Window Features: Insulated Windows
Listing Office: Christian Saunders Real Estate
Last Updated: December - 18 - 2024
Information deemed reliable but not guaranteed.