1200-1202 Main Street, Dickson City, PA 18519 (MLS# SC-654)
1200-1202 Main Street, Dickson City, PA 18519
$429,999
Property Type:
Residential Income
Bedrooms:
12
Baths:
5
Square Footage:
5,637
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$429,999
List Date:
1/15/2024
Last Modified:
10/30/2024
Description
This 5unit, huge, extra-ordinary Multifamily is an investor's dream come true with the property bringing in potentially estimated $63000
annual in gross Income!!
Accessible location and within walking distance to shopping and dining. Five minutes from Scranton, this property is close to grocery stores, restaurants, hospital, bus stops, coffee shops, Walmart, Home Depot and all amenities
and in the heart of Dickson city, Pennsylvania.
This ready to go Multifamily property boasts of 5 beautiful apartments; where you have the advantage to live in one of the units as luxury and rent the others.
Let your tenants pay your mortgage and build your equity. Previously, the front of the building was a store and was converted into newly and modernly-renovated apartments.
Minimal taxes, insurance and maintenance. Landlord only pays sewer and garbage!! Extremely low property taxes. Tenants pay their own utilities and you collect rent-checks. Excellent cap-rate! Close to Viewmont Mall, . Have the space for yourself and/or tenant! Ample parking in driveway and on the street. Close to Lehigh Valley Hospital, Scranton and I-81 highway access from Main Street. Basement may be additional rental incomes if new buyer wants to finish. Newly painted exterior steps, decks, doors, windows and railings. Won't last
long!
LA is owner and has vested interest in the property and has taken very good care of the property. Must see if you are looking for a property to make you some serious CASH as passive rental income!!! New roof and all units are renovated and remodeled.
More Information MLS# SC-654
Contract Information
Current Price: $429,999
Sold Price: $429,999
Status: Closed
Listing Contract Date: 2024-01-15
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Jasmine Ahuja Realty Group
Location Tax and Legal
Street Number: 1200-1202
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18519
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 5
Bedrooms Total: 12
Bathrooms Total: 5
Bathrooms Full: 5
Above Grade Finished Area: 5637
Living Area: 5637
Building Area Total: 5637
Enhanced Accessible: No
Year Built: 1935
Year Built Source: Public Records
New Construction YN: No
Parking Total: 4
Lot Size Acres: 0.5
Lot Size Dimensions: 50X150
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 3
Fireplace YN: No
Spa YN: No
Auction YN: No
List Price/SqFt: 76.28
Sold Price/SqFt: 76.28
Remarks and Miscellaneous
Public Remarks: This 5unit, huge, extra-ordinary Multifamily is an investor's dream come true with the property bringing in potentially estimated $63000
annual in gross Income!!
Accessible location and within walking distance to shopping and dining. Five minutes from Scranton, this property is close to grocery stores, restaurants, hospital, bus stops, coffee shops, Walmart, Home Depot and all amenities
and in the heart of Dickson city, Pennsylvania.
This ready to go Multifamily property boasts of 5 beautiful apartments; where you have the advantage to live in one of the units as luxury and rent the others.
Let your tenants pay your mortgage and build your equity. Previously, the front of the building was a store and was converted into newly and modernly-renovated apartments.
Minimal taxes, insurance and maintenance. Landlord only pays sewer and garbage!! Extremely low property taxes. Tenants pay their own utilities and you collect rent-checks. Excellent cap-rate! Close to Viewmont Mall, . Have the space for yourself and/or tenant! Ample parking in driveway and on the street. Close to Lehigh Valley Hospital, Scranton and I-81 highway access from Main Street. Basement may be additional rental incomes if new buyer wants to finish. Newly painted exterior steps, decks, doors, windows and railings. Won't last
long!
LA is owner and has vested interest in the property and has taken very good care of the property. Must see if you are looking for a property to make you some serious CASH as passive rental income!!! New roof and all units are renovated and remodeled.
Exclusions: No
Status Change Information
Major Change Timestamp: 2024-10-30T16:39:19Z
Major Change Type: Status Change
Price Change Timestamp: 2024-07-26T17:22:12Z
Status Change Timestamp: 2024-10-30
Purchase Contract Date: 2024-08-12
Close Date: 2024-10-29
Close Price: 429999
Concessions: No
Buyer Financing: Other
Income and Expenses
Gross Income: 63000
Insurance Expense: 1291.8
Net Operating Income: 60171.4
Sewer Expense: 1200
Trash Expense: 100
Unit 1
Unit #: Unit 1
Actual Rent: 1100
SqFt Total: 1362
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: M2m
Unit 2
Unit #: Unit 2
Actual Rent: 1400
SqFt Total: 1675
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: M2m
Unit 3
Unit #: Unit 3
Actual Rent: 1100
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: M2m
Unit 4
Unit #: Unit 4
Actual Rent: 1100
SqFt Total: 800
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Unit 5
Unit #: Unit 5
Actual Rent: 1000
SqFt Total: 700
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Road Frontage Type
Road Frontage Length: 50
Property Features
Appliances: Dishwasher; Range; Refrigerator
Architectural Style: Multiple Buildings
Construction Materials: Aluminum Siding; Plaster; Stucco
Cooling: Wall Unit(s); Window Unit(s)
Heating: Baseboard; Natural Gas
Laundry Features: None
Levels: Tri-Level
Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Lot Features: Corner Lot; Level; Orchard(s)
Parking Features: Driveway; Gravel; On Street; Paved
Possession: Close Of Escrow; Negotiable
Road Frontage Type: City Street
Road Responsibility: Road Maintenance Agreement
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Showing Service; Text Listing Agent
Water Source: Public
Listing Office: Iron Valley Real Estate Greater Scranton
Last Updated: October - 30 - 2024
Information deemed reliable but not guaranteed.