111 113 Chestnut Street, Dunmore, PA 18512 (MLS# SC-251960)

111 113 Chestnut Street, Dunmore, PA 18512

$625,000
Property Type: Residential Income Bedrooms: 12 Baths: 6 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $625,000 List Date: 4/29/2025 Last Modified: 4/29/2025

Description

Located in the heart of Dunmore at the highly desirable Dunmore Corners, this impressive 6-unit multifamily property offers an unbeatable combination of location, quality, and consistent rental income. Each of the six spacious units features 2 bedrooms, making it a highly sought-after setup for tenants. Since 2015, the property has undergone extensive upgrades including new electrical, plumbing, insulation, heating systems, windows, flooring, kitchens, and baths—providing peace of mind for investors and a modern living experience for tenants. A state-of-the-art sprinkler system and security systems have also been installed, adding safety and long-term value. The gorgeous exterior enhances curb appeal, while the rare off-street parking and 2-car garage provide added convenience and additional income potential. With an excellent rental history and prime location, this turn-key investment is ideal for both seasoned investors and those looking to expand their portfolio with a high-performing asset. Gross rents = almost 90k a year

More Information MLS# SC-251960

Contract Information

Current Price: $625,000 Sold Price: $625,000 Status: Closed List Date: 2025-03-03 Property Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: 111 113 Chestnut, LLC

Location Tax and Legal

House # (1): 111 Street Name: 113 Chestnut Street Suffix: Street City (Post Office): Dunmore State/Province: PA Zip Code: 18512 County: Lackawanna Geo Lat: 41.42118 Geo Lon: -75.629672

General Property Information

Total Bedrooms: 12 Total Bathrooms: 6 Total Full Baths: 6 Above Grade Finished Area: 7000 Below Grade Unfinished Area: 2500 Year Built: 1930 Year Built Source: Estimated New Construction YN: No Garage YN: Yes Garage Spaces: 2 Lot Size Acres: 0.12 Lot Size Dimensions: 60X90 Waterfront YN: No Basement YN: Yes

Remarks and Miscellaneous

Public Remarks: Located in the heart of Dunmore at the highly desirable Dunmore Corners, this impressive 6-unit multifamily property offers an unbeatable combination of location, quality, and consistent rental income. Each of the six spacious units features 2 bedrooms, making it a highly sought-after setup for tenants. Since 2015, the property has undergone extensive upgrades including new electrical, plumbing, insulation, heating systems, windows, flooring, kitchens, and baths—providing peace of mind for investors and a modern living experience for tenants. A state-of-the-art sprinkler system and security systems have also been installed, adding safety and long-term value. The gorgeous exterior enhances curb appeal, while the rare off-street parking and 2-car garage provide added convenience and additional income potential. With an excellent rental history and prime location, this turn-key investment is ideal for both seasoned investors and those looking to expand their portfolio with a high-performing asset. Gross rents = almost 90k a year

Status Change Information

Major Change Timestamp: 2025-04-29T17:30:51Z Major Change Type: Status Change Status Change Timestamp: 2025-04-29 PurchaseContractDate: 2025-03-07 CloseDate: 2025-04-29 ClosePrice: 625000 Concessions: No Buyer Financing: Cash

Income and Expenses

Annual Total Expense: 21316 Net Operating Income: 87600

Unit 1

Unit #: 1 Actual Rent: 1250 SqFt Total: 950 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: Yes

Unit 3

Unit #: 3

Unit 4

Unit #: 4

Unit 5

Unit #: 5

Unit 6

Unit #: 6

Unit Details

2 Bedroom: 6

Property Features

Accessibility Features: Accessible Approach with Ramp Basement: Unfinished
Listing Office: Revolve Real Estate
Last Updated: April - 29 - 2025
Information deemed reliable but not guaranteed.