1330 Pittston Avenue, Scranton, PA 18505 (MLS# 19-4597)

1330 Pittston Avenue, Scranton, PA 18505

$370,000

Property Type: Residential Income Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $370,000 List Date: 10/02/2020 Last Modified: 9/11/2024

Description

Great mixed use investment property. Three buildings . A fully equipped restaurant and 8 residential rental units produce over $48,000/year in NET rental income. A well maintained property as the owner lived on site. Additional upgrades presently being finished by the family. Many long term tenants including a restaurant on the main floor of the main building., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1800.00, SqFt Fin - Main: 6400.00, SqFt Fin - 2nd: 445.00

More Information MLS# 19-4597

Contract Information

Current Price: $370,000 Sold Price: $370,000 Status: Closed Listing Contract Date: 2019-09-24 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: Estate of Robert Graham. Rober

Location Tax and Legal

Street Number: 1330 Street Name: Pittston Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 3 Number Of Units Total: 9 Above Grade Finished Area: 8645 Below Grade Unfinished Area: 3655 Living Area: 8645 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Garage Spaces: 2 Parking Total: 6 Lot Size Acres: 0.23 Lot Size Dimensions: 50X150 Land Lease YN: Yes Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Great mixed use investment property. Three buildings . A fully equipped restaurant and 8 residential rental units produce over $48,000/year in NET rental income. A well maintained property as the owner lived on site. Additional upgrades presently being finished by the family. Many long term tenants including a restaurant on the main floor of the main building., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1800.00, SqFt Fin - Main: 6400.00, SqFt Fin - 2nd: 445.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2021-06-02T15:19:05Z Major Change Type: Status Change Status Change Timestamp: 2021-06-02 Purchase Contract Date: 2020-10-29 Close Date: 2021-06-01 Close Price: 370000 Concessions: Yes Buyer Financing: Conventional

Income and Expenses

Gross Income: 78900 Water Expense: 10000

Unit 1

Unit #: Restaurant Actual Rent: 1600 SqFt Total: 2000 Baths Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: No Unit Remarks: Commercial

Unit 2

Unit #: FL1 Unit 1 Actual Rent: 475 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Efficiency

Unit 3

Unit #: FL 2 Unit 1 Actual Rent: 700 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: moth to month

Unit 4

Unit #: FL @ Unit 2 Actual Rent: 625 SqFt Total: 855 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: Fl 3 Unit 1 Actual Rent: 600 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: month to month

Unit 6

Unit #: Fl 3 Unit 2 Actual Rent: 700 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Vacant

Unit 7

Unit #: Cherry St Actual Rent: 475 SqFt Total: 850 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Single family

Unit 8

Unit #: R 1328 Pittston down Actual Rent: 700 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Vacant

Unit 9

Unit #: R 1328 Pittston up Actual Rent: 700 SqFt Total: 850 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit Details

Efficiency: 1 1 Bedroom: 2 2 Bedroom: 5 Storefront: 1

Road Frontage Type

Road Frontage Length: 200

Property Features

Appliances: Dishwasher; Range; Refrigerator Architectural Style: Multiple Buildings Basement: Full Construction Materials: Brick Cooling: Other Heating: Baseboard; Electric; Natural Gas; Steam Laundry Features: None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot Parking Features: Garage; Gravel; Off Street; On Street; Unpaved Possession: Negotiable Road Responsibility: Road Maintenance Agreement Road Surface Type: Paved Roof: Composition; Flat; Rubber; Wood Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent Water Source: Public

Listing Office: Lewith & Freeman RE, Inc.

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.