1401 Prospect Avenue, Scranton, PA 18505 (MLS# 23-3116)

1401 Prospect Avenue, Scranton, PA 18505

$415,000

Property Type: Residential Income Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $415,000 List Date: 10/17/2023 Last Modified: 9/11/2024

Description

Introducing this fantastic 6-unit multi-family property located in the vibrant community of South Scranton. This property presents an incredible investment potential with a blend of existing tenants and available units, offering a balance of immediate income and room for expansion. Don't miss this incredible opportunity to invest in the flourishing real estate market of Scranton, PA. Whether you're an experienced investor or a newcomer looking for a promising venture, this multi-family property is a wise choice. Act quickly and schedule a viewing today to secure your foothold in this dynamic market!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 700.00, SqFt Fin - Main: 2185.00, SqFt Fin - 2nd: 2050.00

More Information MLS# 23-3116

Contract Information

Current Price: $415,000 Sold Price: $415,000 Status: Closed Listing Contract Date: 2023-07-26 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: Adriana Valdez-Rivera

Location Tax and Legal

Street Number: 1401 Street Name: Prospect Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 6 Above Grade Finished Area: 4935 Below Grade Unfinished Area: 2185 Living Area: 4935 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Lot Size Acres: 0.13 Lot Size Dimensions: 37X150 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No List Price/SqFt: 86.93 Sold Price/SqFt: 84.09

Remarks and Miscellaneous

Public Remarks: Introducing this fantastic 6-unit multi-family property located in the vibrant community of South Scranton. This property presents an incredible investment potential with a blend of existing tenants and available units, offering a balance of immediate income and room for expansion. Don't miss this incredible opportunity to invest in the flourishing real estate market of Scranton, PA. Whether you're an experienced investor or a newcomer looking for a promising venture, this multi-family property is a wise choice. Act quickly and schedule a viewing today to secure your foothold in this dynamic market!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 700.00, SqFt Fin - Main: 2185.00, SqFt Fin - 2nd: 2050.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2024-01-24T20:57:26Z Major Change Type: Status Change Price Change Timestamp: 2023-11-11T05:08:29Z Status Change Timestamp: 2024-01-24 Purchase Contract Date: 2023-11-27 Close Date: 2024-01-24 Close Price: 415000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 54600 Water Expense: 6000

Unit 1

Unit #: Unit 1 Actual Rent: 800 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: Unit 2 Actual Rent: 900 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: Unit 3 Actual Rent: 800 SqFt Total: 900 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: Unit 4 Actual Rent: 1100 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: Unit 5 SqFt Total: 1200 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: was rented for 1100$

Unit 6

Unit #: unit 6 Actual Rent: 950 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Road Frontage Type

Road Frontage Length: 37

Property Features

Basement: Full Community Features: None Construction Materials: Vinyl Siding Cooling: None Heating: Electric; Natural Gas Levels: Three Or More Listing Terms: Cash Lot Features: Rectangular Lot Parking Features: On Street; None Possession: Negotiable Road Frontage Type: Other Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: Showing Service Water Source: Public

Listing Office: Keller Williams Real Estate-Clarks Summit

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.