1301 Main Street, Dickson City, PA 18519 (MLS# SC-1934)
1301 Main Street, Dickson City, PA 18519
$520,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
8
Lot Size (sq. ft.):
3,920
Status:
Closed
Current Price:
$520,000
List Date:
4/11/2024
Last Modified:
9/11/2024
Description
Attention Investors! 7+ Unit Building in Mid Valley. Several Units Renovated. 1 Unit Vacant And Currently Being Updated. Positive Cashflow! Currently:
$78,300 Gross Income
$26,600 Expenses
$51,700 Net Profit
Don't Miss This Opportunity to Grow Your Portfolio.
More Information MLS# SC-1934
Contract Information
Current Price: $520,000
Sold Price: $520,000
Status: Closed
Listing Contract Date: 2024-04-11
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: 1301 MAIN ST DC LLC
Location Tax and Legal
Street Number: 1301
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18519
County: Lackawanna
General Property Information
Number Of Units Total: 8
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Above Grade Finished Area: 3800
Living Area: 3800
Enhanced Accessible: No
Year Built: 1950
Year Built Source: Public Records
New Construction YN: No
Lot Size Acres: 0.09
Lot Size Dimensions: 44X90X44X93
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 147.34
Sold Price/SqFt: 136.84
Remarks and Miscellaneous
Public Remarks: Attention Investors! 7+ Unit Building in Mid Valley. Several Units Renovated. 1 Unit Vacant And Currently Being Updated. Positive Cashflow! Currently:
$78,300 Gross Income
$26,600 Expenses
$51,700 Net Profit
Don't Miss This Opportunity to Grow Your Portfolio.
Status Change Information
Major Change Timestamp: 2024-06-26T19:29:55Z
Major Change Type: Status Change
Price Change Timestamp: 2024-05-05T22:56:36Z
Status Change Timestamp: 2024-06-26
Purchase Contract Date: 2024-05-10
Close Date: 2024-06-26
Close Price: 520000
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Annual Total Expense: 26619
Gross Income: 78300
Heat Expense: 4414
Insurance Expense: 985
Manager Expense: 10576
Net Operating Income: 54741
Sewer Expense: 1008
Vacancy Allowance Rate: 4068
Water Expense: 3007
Unit 1
Unit #: 1
Actual Rent: 950
SqFt Total: 850
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-06-30
Unit 2
Unit #: 2
Actual Rent: 800
SqFt Total: 750
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-04-30
Unit 3
Unit #: 3
Actual Rent: 850
SqFt Total: 750
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Unit 4
Unit #: 4
Actual Rent: 900
SqFt Total: 900
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-03-31
Unit 5
Unit #: STORAGE
Actual Rent: 600
SqFt Total: 700
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Unit Remarks: STORAGE
Unit 6
Unit #: 500 A
Actual Rent: 850
SqFt Total: 900
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-04-30
Unit 7
Unit #: 500 B
Actual Rent: 750
SqFt Total: 850
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-08-31
Unit 8
Unit #: 502
Actual Rent: 825
SqFt Total: 800
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-06-30
Property Features
Architectural Style: Complex
Basement: Concrete; Storage Space
Community Features: None
Current Use: Investment; Multi-Family
Electric: 200+ Amp Service
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: City Lot
Operating Expense Includes: Insurance; Manager; Utilities; Vacancy Allowance; Water/Sewer
Parking Features: On Street; Parking Pad
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Showing Requirements: Appointment Only; Text Listing Agent
Spa Features: None
Water Source: Public
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.