1205 Prescott Avenue, Dunmore, PA 18510 (MLS# 23-211)

1205 Prescott Avenue, Dunmore, PA 18510

$380,000

Property Type: Residential Income Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $380,000 List Date: 9/08/2023 Last Modified: 10/04/2024

Description

5 rental units on one property with a positive cash flow and below market rents. Separate heat/electric. Middle building was updated with a new roof, sewer line and flooring in 2022. Additional lease and expense information available upon request. Rented making money and ready to go!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2269.00, SqFt Fin - 2nd: 2269.00, Additional Info: 5 rental units on one property. 1205 and 1207 have a Prescott Ave. address, 1206 fronts on Farber Ct. 1205 is a 3 BR 2 bath single family home with gas heat (furnace replaced in 2021). The remaining 4 units all have separate electric heat. 24 hours notice to show. Text Listing agent for appointment. All info and measurements believed to be accurate but not warranted SD Updated 9/20/23

More Information MLS# 23-211

Contract Information

Current Price: $380,000 Sold Price: $380,000 Status: Closed Listing Contract Date: 2023-01-20 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: FMS Holdings

Location Tax and Legal

Street Number: 1205 Street Name: Prescott Street Suffix: Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 3 Number Of Units Total: 5 Above Grade Finished Area: 4538 Living Area: 4538 Enhanced Accessible: No Year Built: 1920 New Construction YN: No Parking Total: 3 Lot Size Acres: 0.17 Lot Size Dimensions: 50X150 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: 5 rental units on one property with a positive cash flow and below market rents. Separate heat/electric. Middle building was updated with a new roof, sewer line and flooring in 2022. Additional lease and expense information available upon request. Rented making money and ready to go!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2269.00, SqFt Fin - 2nd: 2269.00, Additional Info: 5 rental units on one property. 1205 and 1207 have a Prescott Ave. address, 1206 fronts on Farber Ct. 1205 is a 3 BR 2 bath single family home with gas heat (furnace replaced in 2021). The remaining 4 units all have separate electric heat. 24 hours notice to show. Text Listing agent for appointment. All info and measurements believed to be accurate but not warranted SD Updated 9/20/23 Exclusions: No

Status Change Information

Major Change Timestamp: 2023-11-03T21:39:03Z Major Change Type: Status Change Price Change Timestamp: 2023-09-20T17:02:03Z Status Change Timestamp: 2023-11-03 Purchase Contract Date: 2023-09-27 Close Date: 2023-11-03 Close Price: 380000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 55200 Water Expense: 3972.92

Unit 1

Unit #: 1205 Prescott Front Actual Rent: 1200 SqFt Total: 1538 Baths Total: 2 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Rent is estimated

Unit 2

Unit #: 1207-1st Floor Actual Rent: 700 SqFt Total: 680 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 1207 2nd Floor Actual Rent: 950 SqFt Total: 720 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 1206 1st Floor Actual Rent: 800 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2023-03-01

Unit 5

Unit #: 1206 2nd Floor Actual Rent: 950 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Road Frontage Type

Road Frontage Length: 50

Property Features

Appliances: Refrigerator Architectural Style: Multiple Buildings Basement: Partial Community Features: None Construction Materials: Aluminum Siding; Stone Cooling: None Heating: Baseboard; Electric Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Asphalt; Off Street; On Street Patio And Porch Features: Deck; Porch Possession: Negotiable Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Text Listing Agent Water Source: Public

Listing Office: CLASSIC PROPERTIES

Last Updated: October - 04 - 2024

Information deemed reliable but not guaranteed.