1509 1511 Myrtle Street, Scranton, PA 18510 (MLS# 22-2281)
1509 1511 Myrtle Street, Scranton, PA 18510
$406,250
Property Type:
Residential Income
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$406,250
List Date:
6/01/2022
Last Modified:
1/02/2025
Description
2 Outstanding incoming producing duplexes being sold together! Both parcels are on one deed with one Tax ID number (can be separated if needed). 2 units per property (total of 4 units). Each unit offers 3 bedrooms, 1.5 baths, an indoor sauna, large eat in kitchen, living room and a private outdoor patio. All appliances included and separate utilities for each unit. Tenants pay all utilities (water, sewer, heating, electricity).
Properties are in a great location! Across the street from an elementary school. Just blocks to the University of Scranton, Medical School and Hospital. Walking distance to just about anything you need: cafes, restaurants, bars, shops, Nay Aug Park, banks, convenient stores, etc. Just minutes from the expressway and RT.81 offering quick and easy access for any commute.
Long term tenants occupy both units in Prescott Ave property (paying $1500/month and $1,000/month respectively). Myrtle Street property is vacant. Can charge per room with students (total of 6 bedrooms...Comps charging ~$750 per room). Great cash flow!
1509 Myrtle unit just underwent all new cosmetic updates. The same updates are underway at 1511 Myrtle and will be completed soon! New roofs were put on each property last year. Don't wait to jump on this great investment opportunity!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2229.20, SqFt Fin - 2nd: 2474.30, Additional Info: 902-904 Prescott Ave and 1509-1511 Myrtle Street Scranton, PA.
More Information MLS# 22-2281
Contract Information
Current Price: $406,250
Sold Price: $406,250
Status: Closed
Listing Contract Date: 2022-06-01
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Eugene and Jill Lucas
Location Tax and Legal
Street Number: 1509 1511
Street Name: Myrtle
Street Suffix: Street
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Buildings: 2
Number Of Units Total: 4
Above Grade Finished Area: 4703
Living Area: 4703
Enhanced Accessible: No
Year Built: 1991
New Construction YN: No
Lot Size Acres: 0.18
Lot Size Dimensions: 49X88X41X40X90X125
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 2
Fireplace YN: No
Spa YN: No
Auction YN: No
Remarks and Miscellaneous
Public Remarks: 2 Outstanding incoming producing duplexes being sold together! Both parcels are on one deed with one Tax ID number (can be separated if needed). 2 units per property (total of 4 units). Each unit offers 3 bedrooms, 1.5 baths, an indoor sauna, large eat in kitchen, living room and a private outdoor patio. All appliances included and separate utilities for each unit. Tenants pay all utilities (water, sewer, heating, electricity).
Properties are in a great location! Across the street from an elementary school. Just blocks to the University of Scranton, Medical School and Hospital. Walking distance to just about anything you need: cafes, restaurants, bars, shops, Nay Aug Park, banks, convenient stores, etc. Just minutes from the expressway and RT.81 offering quick and easy access for any commute.
Long term tenants occupy both units in Prescott Ave property (paying $1500/month and $1,000/month respectively). Myrtle Street property is vacant. Can charge per room with students (total of 6 bedrooms...Comps charging ~$750 per room). Great cash flow!
1509 Myrtle unit just underwent all new cosmetic updates. The same updates are underway at 1511 Myrtle and will be completed soon! New roofs were put on each property last year. Don't wait to jump on this great investment opportunity!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 2229.20, SqFt Fin - 2nd: 2474.30, Additional Info: 902-904 Prescott Ave and 1509-1511 Myrtle Street Scranton, PA.
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-08-23T22:56:55Z
Major Change Type: Status Change
Status Change Timestamp: 2022-08-23
Purchase Contract Date: 2022-06-08
Close Date: 2022-08-23
Close Price: 406250
Concessions: No
Buyer Financing: Conventional
Concessions Amount: 10000
Unit 1
Unit #: 1509 Myrtle
SqFt Total: 1194
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: Jacuzzi tub
Unit 2
Unit #: 1511 Myrtle
SqFt Total: 1194
Baths Total: 1
Beds Total: 3
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: Jacuzzi tub
Unit 3
Unit #: 902 Prescott
Actual Rent: 1500
SqFt Total: 1157
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: month to month lease
Unit 4
Unit #: 904 Prescott
Actual Rent: 1000
SqFt Total: 1157
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Road Frontage Type
Road Frontage Length: 125
Property Features
Appliances: Range
Architectural Style: Multiple Buildings
Community Features: None
Construction Materials: Vinyl Siding
Cooling: None
Current Use: Multi-Family
Foundation Details: Slab
Heating: Baseboard; Natural Gas
Laundry Features: Gas Dryer Hookup
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level
Parking Features: Off Site; On Street; 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: 24 Hour Notice; Appointment Only; Lockbox; Showing Service; Text Listing Agent
Water Source: Public
Listing Office: CLASSIC PROPERTIES
Last Updated: January - 02 - 2025
Information deemed reliable but not guaranteed.