1218 Vine Street, Scranton, PA 18510 (MLS# 22-1331)

1218 Vine Street, Scranton, PA 18510

$350,000

Property Type: Residential Income Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $350,000 List Date: 10/21/2022 Last Modified: 9/10/2024

Description

Located 2.5 blocks from the University of Scranton, this high-income student housing sale consists of 2 adjacent buildings catering to the University of Scranton, Marywood University,, Geisinger Medical School & Lackawanna College. Amenities include updated interiors, 12 bedrooms, coin operated laundry, a large deck, front porch, hardwood floors & more., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1090.00, SqFt Fin - Main: 2760.00, SqFt Fin - 2nd: 2760.00, Additional Info: Landlord pays flat rater of $300 per month towards utilities, tenants pay the rest. Leases are secured with parent guarantees. Additional tax map# 15709010010

More Information MLS# 22-1331

Contract Information

Current Price: $350,000 Sold Price: $350,000 Status: Closed Listing Contract Date: 2022-04-07 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Vine Street Partners, LLC.

Location Tax and Legal

Street Number: 1218 Street Name: Vine Street Suffix: Street State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 2 Above Grade Finished Area: 6610 Below Grade Unfinished Area: 2760 Living Area: 6610 Enhanced Accessible: No Year Built: 1930 New Construction YN: No Lot Size Acres: 0.16 Lot Size Dimensions: 78X90 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: Located 2.5 blocks from the University of Scranton, this high-income student housing sale consists of 2 adjacent buildings catering to the University of Scranton, Marywood University,, Geisinger Medical School & Lackawanna College. Amenities include updated interiors, 12 bedrooms, coin operated laundry, a large deck, front porch, hardwood floors & more., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1090.00, SqFt Fin - Main: 2760.00, SqFt Fin - 2nd: 2760.00, Additional Info: Landlord pays flat rater of $300 per month towards utilities, tenants pay the rest. Leases are secured with parent guarantees. Additional tax map# 15709010010 Exclusions: No

Status Change Information

Major Change Timestamp: 2022-11-14T21:58:15Z Major Change Type: Status Change Price Change Timestamp: 2022-05-31T16:07:01Z Status Change Timestamp: 2022-11-14 Purchase Contract Date: 2022-10-20 Close Date: 2022-11-14 Close Price: 350000 Concessions: No Buyer Financing: Cash

Income and Expenses

Gross Income: 102720

Unit 1

Unit #: 1214 Actual Rent: 2675 SqFt Total: 1412 Baths Total: 2 Beds Total: 5 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 1216 Actual Rent: 2675 SqFt Total: 1412 Baths Total: 2 Beds Total: 5 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 1218 Actual Rent: 3210 SqFt Total: 2575 Baths Total: 2 Beds Total: 6 Dining Room YN: Yes Kitchen YN: Yes

Road Frontage Type

Road Frontage Length: 78

Property Features

Architectural Style: Complex Basement: Full Community Features: None Construction Materials: Vinyl Siding Cooling: None Heating: Natural Gas Laundry Features: Common Area Levels: Three Or More Listing Terms: Cash Lot Features: Interior Lot Parking Features: None Patio And Porch Features: Deck; Porch Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Wood Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: No Sign Water Source: Public

Listing Office: NASSER REAL ESTATE, INC.

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.