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.