1118-1120 Monroe Avenue, Dunmore, PA 18509 (MLS# 23-3568)

1118-1120 Monroe Avenue, Dunmore, PA 18509

$310,000

Property Type: Residential Income Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $310,000 List Date: 8/21/2023 Last Modified: 9/10/2024

Description

Turn-key three unit investment opportunity in Dunmore!!! Live in one apartment and let the other two tenants pay your mortgage! Garage/storage is rented out for additional income. Retail Store/office space is cleared out & can be rented. Many updates throughout, including new floors and new paint. Come see the updated kitchens and brand new bathrooms! Current rent from just 2/3 apartments is $28,200 per year, with operating expenses less than $10,000. Leases are in place for current tenants. Contact us for more information and to schedule a showing!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: Modern, SqFt Fin - 3rd: 292.00, SqFt Fin - Main: 1671.00, SqFt Fin - 2nd: 1431.00

More Information MLS# 23-3568

Contract Information

Current Price: $310,000 Sold Price: $310,000 Status: Closed Listing Contract Date: 2023-08-21 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: NEPA YIELD LLC

Location Tax and Legal

Street Number: 1118-1120 Street Name: Monroe Street Suffix: Avenue State: PA Postal Code: 18509 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 3 Above Grade Finished Area: 3394 Below Grade Unfinished Area: 1431 Living Area: 3394 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Garage Spaces: 1 Lot Size Acres: 0.15 Lot Size Dimensions: 40X160 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: Turn-key three unit investment opportunity in Dunmore!!! Live in one apartment and let the other two tenants pay your mortgage! Garage/storage is rented out for additional income. Retail Store/office space is cleared out & can be rented. Many updates throughout, including new floors and new paint. Come see the updated kitchens and brand new bathrooms! Current rent from just 2/3 apartments is $28,200 per year, with operating expenses less than $10,000. Leases are in place for current tenants. Contact us for more information and to schedule a showing!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: Modern, SqFt Fin - 3rd: 292.00, SqFt Fin - Main: 1671.00, SqFt Fin - 2nd: 1431.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2023-11-01T21:29:18Z Major Change Type: Status Change Status Change Timestamp: 2023-11-01 Purchase Contract Date: 2023-09-04 Close Date: 2023-10-20 Close Price: 310000 Concessions: No Buyer Financing: FHA

Income and Expenses

Gross Income: 43200 Sewer Expense: 1800 Water Expense: 1800

Unit 1

Unit #: 1 Actual Rent: 1250 SqFt Total: 1431 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 2 Actual Rent: 1100 SqFt Total: 715 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Vacant

Unit 3

Unit #: 3 Actual Rent: 1100 SqFt Total: 1008 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes

Road Frontage Type

Road Frontage Length: 40

Property Features

Basement: Full Community Features: None Construction Materials: Vinyl Siding Cooling: None Heating: Electric; Natural Gas Levels: Three Or More Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Irregular Lot Parking Features: None Possession: Negotiable Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Showing Service Water Source: Public

Listing Office: Keller Williams Real Estate-Clarks Summit

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.