1401 Prospect Avenue, Scranton, PA 18505 (MLS# 23-3980)
1401 Prospect Avenue, Scranton, PA 18505
$665,000
Property Type:
Residential Income
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$665,000
List Date:
9/15/2023
Last Modified:
9/11/2024
Description
Prime Investment Opportunity: Portfolio of 10 Units Across Two Buildings
Welcome to an exceptional investment opportunity, where two well-maintained buildings house a total of 10 rental units. This portfolio offers a diverse range of residences, providing a steady income stream and potential for long-term appreciation.
All units are occupied.
511 Emmett #23-3085
1401 Prospect #23-3116, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1000.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 3000.00
More Information MLS# 23-3980
Contract Information
Current Price: $665,000
Sold Price: $665,000
Status: Closed
List Date: 2023-09-15
Property Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Agency
Owner Name: Adriana Valdez-Rivera
Location Tax and Legal
House # (1): 1401
Street Name: Prospect
Street Suffix: Avenue
City (Post Office): Scranton
State/Province: PA
Zip Code: 18505
County: Lackawanna
Geo Lat: 41.391095
Geo Lon: -75.670659
General Property Information
Above Grade Finished Area: 7000
Below Grade Unfinished Area: 400
Year Built: 1940
New Construction YN: No
Lot Size Acres: 0.15
Lot Size Dimensions: 37X150
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Spa YN: No
Remarks and Miscellaneous
Public Remarks: Prime Investment Opportunity: Portfolio of 10 Units Across Two Buildings
Welcome to an exceptional investment opportunity, where two well-maintained buildings house a total of 10 rental units. This portfolio offers a diverse range of residences, providing a steady income stream and potential for long-term appreciation.
All units are occupied.
511 Emmett #23-3085
1401 Prospect #23-3116, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1000.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 3000.00
Status Change Information
Major Change Timestamp: 2024-01-24T20:58:45Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-11T05:09:51Z
Status Change Timestamp: 2024-01-24
PurchaseContractDate: 2023-11-27
CloseDate: 2024-01-24
ClosePrice: 665000
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Gross Income: 118200
Water Expense: 10800
Unit 1
Unit #: 1
Actual Rent: 800
SqFt Total: 900
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 3
Unit 4
Unit #: 4
Unit 5
Unit #: 5
Unit 6
Unit #: 6
Unit 7
Unit #: 7
Unit 8
Unit #: 8
Unit 9
Unit #: 9
Unit 10
Unit #: 10
Property Features
Architectural Style: Multiple Buildings
Basement: Crawl Space
Community Features: None
Construction Materials: Vinyl Siding
Cooling: None
Foundation Details: Slab
Heating: Baseboard; Electric; Natural Gas
Levels: Three Or More
Listing Terms: Cash
Lot Features: Rectangular Lot
Roof: Composition; Wood
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Pet(s) on Premises
Water Source: Public
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.