1629 Pittston Avenue, Scranton, PA 18505 (MLS# 21-5069)

1629 Pittston Avenue, Scranton, PA 18505

$457,000

Property Type: Residential Income Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $457,000 List Date: 12/06/2021 Last Modified: 9/10/2024

Description

Back on the market with a brand new Lackawanna County lease extension signed until 2030! Great investment opportunity in Scranton! 4 fully rented units, 2 commercial downstairs and 2 residential upstairs. One of the tenants downstairs is a long term county lease. Apartments have been rehabbed with updated kitchens and bathrooms, new electric, plumbing, heating, windows and more! Cant go wrong with approximately $44,000 in net income. Call to schedule your appointments today., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 3927.00, SqFt Fin - 2nd: 2591.00

More Information MLS# 21-5069

Contract Information

Current Price: $457,000 Sold Price: $457,000 Status: Closed Listing Contract Date: 2021-11-01 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: 1629 Pittston LLC

Location Tax and Legal

Street Number: 1629 Street Name: Pittston Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 4 Above Grade Finished Area: 6518 Below Grade Unfinished Area: 3927 Living Area: 6518 Enhanced Accessible: No Year Built: 1916 New Construction YN: No Lot Size Acres: 0.22 Lot Size Dimensions: 64X150 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: Back on the market with a brand new Lackawanna County lease extension signed until 2030! Great investment opportunity in Scranton! 4 fully rented units, 2 commercial downstairs and 2 residential upstairs. One of the tenants downstairs is a long term county lease. Apartments have been rehabbed with updated kitchens and bathrooms, new electric, plumbing, heating, windows and more! Cant go wrong with approximately $44,000 in net income. Call to schedule your appointments today., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 3927.00, SqFt Fin - 2nd: 2591.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2022-02-22T22:26:41Z Major Change Type: Status Change Status Change Timestamp: 2022-02-22 Purchase Contract Date: 2021-12-20 Close Date: 2022-02-22 Close Price: 457000 Concessions: No

Income and Expenses

Gross Income: 62400 Water Expense: 2400

Unit 1

Unit #: Apt 1 Actual Rent: 1100 SqFt Total: 1200 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: Apt 2 Actual Rent: 1100 SqFt Total: 1200 Baths Total: 1 Beds Total: 3 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: Ste 1 Actual Rent: 2300 SqFt Total: 2500 Baths Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: No

Unit 4

Unit #: Ste 2 Actual Rent: 700 SqFt Total: 1200 Baths Total: 1 Dining Room YN: No Kitchen YN: No

Unit Details

3 Bedroom: 2 Office: 1 Storefront: 1

Road Frontage Type

Road Frontage Length: 150

Property Features

Architectural Style: Converted Basement: Full Community Features: None Construction Materials: Brick Cooling: Ceiling Fan(s) Heating: Electric; Forced Air Levels: One and One Half Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level; Subdivided Parking Features: On Street; None Possession: Close Of Escrow; Negotiable Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; No Sign Water Source: Public

Listing Office: Dwell Real Estate

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.