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.