106 S 108 Main, Scranton, PA 18504 (MLS# 21-918)

106 S 108 Main, Scranton, PA 18504

$367,500

Property Type: Residential Income Lot Size (sq. ft.): 2,614 Status: Closed

Current Price: $367,500 List Date: 7/13/2021 Last Modified: 10/01/2024

Description

Fully renovated cash cow for sale at a 11% cap rate! This property consists of 2 commercial store fronts and 6 residential units and is 100% occupied. This property has been renovated from top to bottom making it a easy building to maintain for many years to come. Some of the improvements are: New roof with R-40 spray foam insulation, new wiring, new plumbing, new kitchens and baths in most units, new electric baseboards, new exterior façade, all new windows and much more. Looking to add a little more value to the property? Residential rents are below market and there is a coin operated laundry area waiting to be used for extra cash flow., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1300.00, SqFt Fin - Main: 1635.00, SqFt Fin - 2nd: 1300.00

More Information MLS# 21-918

Contract Information

Current Price: $367,500 Sold Price: $367,500 Status: Closed Listing Contract Date: 2021-03-22 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: 106 S MAIN LLC

Location Tax and Legal

Street Number: 106 Street Direction Prefix: S Street Name: 108 Main State: PA Postal Code: 18504 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 8 Above Grade Finished Area: 4235 Below Grade Unfinished Area: 1300 Living Area: 4235 Enhanced Accessible: No Year Built: 1920 New Construction YN: No Lot Size Acres: 0.06 Lot Size Dimensions: 32X96X15X33X17X62 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Fully renovated cash cow for sale at a 11% cap rate! This property consists of 2 commercial store fronts and 6 residential units and is 100% occupied. This property has been renovated from top to bottom making it a easy building to maintain for many years to come. Some of the improvements are: New roof with R-40 spray foam insulation, new wiring, new plumbing, new kitchens and baths in most units, new electric baseboards, new exterior façade, all new windows and much more. Looking to add a little more value to the property? Residential rents are below market and there is a coin operated laundry area waiting to be used for extra cash flow., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1300.00, SqFt Fin - Main: 1635.00, SqFt Fin - 2nd: 1300.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2021-12-06T22:08:51Z Major Change Type: Status Change Price Change Timestamp: 2021-07-13T01:59:37Z Status Change Timestamp: 2021-12-06 Purchase Contract Date: 2021-09-20 Close Date: 2021-12-06 Close Price: 367500 Concessions: No

Income and Expenses

Gross Income: 56004 Water Expense: 2949.84

Unit 1

Unit #: Store 1 Actual Rent: 700 Security Deposit $: 875 SqFt Total: 750 Baths Total: 1 Dining Room YN: No Kitchen YN: No Living Room YN: No

Unit 2

Unit #: Store 2 Actual Rent: 700 Security Deposit $: 875 SqFt Total: 540 Baths Total: 1 Kitchen YN: No Living Room YN: No

Unit 3

Unit #: Apt 1 Actual Rent: 560 Security Deposit $: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 4

Unit #: Apt 2 Actual Rent: 550 Security Deposit $: 656.25 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 5

Unit #: Apt 3 Actual Rent: 550 Security Deposit $: 687.5 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 6

Unit #: Apt 4 Actual Rent: 657 Security Deposit $: 750 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 7

Unit #: Apt 5 Actual Rent: 425 Security Deposit $: 425 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 8

Unit #: Apt 6 Actual Rent: 525 Security Deposit $: 625 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit Details

Efficiency: 4 1 Bedroom: 2 Storefront: 2

Road Frontage Type

Road Frontage Length: 32

Property Features

Association Amenities: Coin Laundry Basement: Full Community Features: None Construction Materials: Brick; Vinyl Siding Cooling: None Heating: Electric Laundry Features: Common Area Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Level Parking Features: None Possession: Negotiable Road Frontage Type: City Street Roof: Flat Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Text Listing Agent Water Source: Public

Listing Office: The Hub Real Estate Group LLC

Last Updated: October - 01 - 2024

Information deemed reliable but not guaranteed.