1202-1208 W Elm Street, Scranton, PA 18504 (MLS# 23-3383)
1202-1208 W Elm Street, Scranton, PA 18504
$500,000
Property Type:
Residential Income
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$500,000
List Date:
8/09/2023
Last Modified:
9/11/2024
Description
Investors, don't get stuck in analysis paralysis on this one... This turn-key property is not a sham. If low maintenance, high cash flow, and (still) room for value-add are what you've been looking for, read on.
1 beautiful building featuring 4 units, 3 bedrooms in each, FULLY RENTED on annual leases, great tenants, on-site laundry, SEPARATE utilities, central air, wonderfully maintained, & countless upgrades. Current annual rental income: $58,800 with room for growth.
It's priced to sell, and yes that means a wee-bit under market value to get this deal done quick and clean with the least amount of interruptions to the wonderful tenants as possible! Blink, Ponder, or low-ball and you'll miss it., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2484.00, SqFt Fin - 2nd: 2484.00
More Information MLS# 23-3383
Contract Information
Current Price: $500,000
Sold Price: $500,000
Status: Closed
Listing Contract Date: 2023-08-06
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Sentinel Capital LLC
Location Tax and Legal
Street Number: 1202-1208
Street Direction Prefix: W
Street Name: Elm
Street Suffix: Street
State: PA
Postal Code: 18504
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Above Grade Finished Area: 4968
Below Grade Unfinished Area: 2000
Living Area: 4968
Enhanced Accessible: No
Year Built: 1940
New Construction YN: No
Parking Total: 4
Lot Size Acres: 0.12
Lot Size Dimensions: 84X108
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 2
Fireplace YN: No
Spa YN: No
Auction YN: No
Remarks and Miscellaneous
Public Remarks: Investors, don't get stuck in analysis paralysis on this one... This turn-key property is not a sham. If low maintenance, high cash flow, and (still) room for value-add are what you've been looking for, read on.
1 beautiful building featuring 4 units, 3 bedrooms in each, FULLY RENTED on annual leases, great tenants, on-site laundry, SEPARATE utilities, central air, wonderfully maintained, & countless upgrades. Current annual rental income: $58,800 with room for growth.
It's priced to sell, and yes that means a wee-bit under market value to get this deal done quick and clean with the least amount of interruptions to the wonderful tenants as possible! Blink, Ponder, or low-ball and you'll miss it., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2484.00, SqFt Fin - 2nd: 2484.00
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-09-21T20:43:38Z
Major Change Type: Status Change
Status Change Timestamp: 2023-09-21
Purchase Contract Date: 2023-08-10
Close Date: 2023-09-21
Close Price: 500000
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Gross Income: 58800
Unit 1
Unit #: 1E
Actual Rent: 1200
Security Deposit $: 1200
SqFt Total: 1000
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2024-03-31
Unit Remarks: sqft estimated
Unit 2
Unit #: 1W
Actual Rent: 1200
Security Deposit $: 1200
SqFt Total: 1000
Baths Total: 1
Beds Total: 3
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2023-09-01
Unit Remarks: sqft estimated
Unit 3
Unit #: 2E
Actual Rent: 1300
Security Deposit $: 1300
SqFt Total: 1000
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2024-07-31
Unit Remarks: sqft estimated
Unit 4
Unit #: 2W
Actual Rent: 1200
Security Deposit $: 1200
SqFt Total: 1000
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Lease Expiration Date: 2024-06-30
Unit Details
3 Bedroom: 4
Road Frontage Type
Road Frontage Length: 192
Property Features
Basement: Full
Community Features: None
Construction Materials: Vinyl Siding
Cooling: Central Air; Zoned
Heating: Forced Air; Natural Gas
Laundry Features: Common Area
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Level; Rectangular Lot
Parking Features: Gravel; Off Street; On Street; Parking Pad
Patio And Porch Features: Deck; Porch
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Rubber; Wood
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Showing Service
Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.