17 Dundaff Street, Carbondale, PA 18407 (MLS# 23-2905)

17 Dundaff Street, Carbondale, PA 18407

$470,000
Property Type: Commercial Sale Square Footage: 5,891 Lot Size (sq. ft.): 29,621 Status: Closed
Current Price: $470,000 List Date: 7/14/2023 Last Modified: 9/14/2024

Description

Investors looking for pure passive income from a low maintenance building, with long term commercial tenants on newly signed 5-year leases... look no further. 17 Dundaff St. was completely updated in renovated in 2010 with fully built-out space on each floor. Building has new windows, a newer pitched roof, updated mechanicals/electric/plumbing, and a carport along with parking for 20 cars. Both tenants are on newly signed 5-year leases that include a 2% increase in years 3-5. Just sit back and collect your rent checks month after month. Showing availability will be limited, so call today for your personal tour of 17 Dundaff St., Tax Information: Available, Additional Info: All measurements are deemed reliable and accurate, but not warranted. *ALL SHOWINGS WILL BE BY REQUEST ONLY, AFTER BUSINESS HOURS, AND ACCOMPANIED BY LISTING AGENT* **DO NOT DISTURB FIRST OR SECOND FLOOR BUSINESSES. TENANTS ARE ON NEWLY SIGNED 5 YEAR LEASES, AND PLAN TO STAY LONG TERM. SALE IS FOR BUILDING ONLY** Property in a flood plain. Financed purchase will require flood insurance., Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, No Overhead Door: Y

More Information MLS# 23-2905

Contract Information

Current Price: $470,000 Sold Price: $470,000 Status: Closed Listing Contract Date: 2023-07-13 Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Mike Mancuso & Jennifer Mancus Environmental Survey YN: No

Location Tax and Legal

Street Number: 17 Street Name: Dundaff Street Suffix: Street State: PA Postal Code: 18407 County: Lackawanna

General Property Information

Building Area Total: 5891 Building Area Total (Report Only): 5891 Enhanced Accessible: No Year Built: 1980 Building Name: N/A Parking Total: 20 Lot Size Acres: 0.68 Lot Size Dimensions: 75X145X36X60X15X176 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Auction YN: No List Price/SqFt: 84.71 Sold Price/SqFt: 79.78

Remarks and Miscellaneous

Public Remarks: Investors looking for pure passive income from a low maintenance building, with long term commercial tenants on newly signed 5-year leases... look no further. 17 Dundaff St. was completely updated in renovated in 2010 with fully built-out space on each floor. Building has new windows, a newer pitched roof, updated mechanicals/electric/plumbing, and a carport along with parking for 20 cars. Both tenants are on newly signed 5-year leases that include a 2% increase in years 3-5. Just sit back and collect your rent checks month after month. Showing availability will be limited, so call today for your personal tour of 17 Dundaff St., Tax Information: Available, Additional Info: All measurements are deemed reliable and accurate, but not warranted. *ALL SHOWINGS WILL BE BY REQUEST ONLY, AFTER BUSINESS HOURS, AND ACCOMPANIED BY LISTING AGENT* **DO NOT DISTURB FIRST OR SECOND FLOOR BUSINESSES. TENANTS ARE ON NEWLY SIGNED 5 YEAR LEASES, AND PLAN TO STAY LONG TERM. SALE IS FOR BUILDING ONLY** Property in a flood plain. Financed purchase will require flood insurance., Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, No Overhead Door: Y Exclusions: All business inventory and tenant-owned items/furniture.

Status Change Information

Major Change Timestamp: 2023-09-08T19:36:22Z Major Change Type: Status Change Status Change Timestamp: 2023-09-08 Purchase Contract Date: 2023-08-05 Close Date: 2023-09-07 Close Price: 470000 Concessions: No Buyer Financing: Cash

Building Features

Included In Contract: Building Only Number of Docks: 1 Office SqFt: 4903 Warehouse SqFt: 988

Income and Expenses

Flood Insurance Expense: 4800 Gross Income: 67200 Net Operating Income: 56798.12 New Taxes Expense: 3218.88 Other Expense: 2000 Sewer Expense: 246

Road Frontage Type

Road Frontage Length: 75

Property Features

Building Features: Drive-In Door; Finished Office; High Traffic Area; Interior Storage; Public Restrooms; Separate Utilities Construction Materials: Brick; Stucco Cooling: Central Air Current Use: Commercial; Office; See Remarks Electric: Circuit Breakers Flooring: Carpet; Ceramic Tile; Vinyl Heating: Forced Air; Natural Gas Levels: One and One Half Listing Terms: Cash Lot Features: Level; Near General Business Parking Features: Asphalt; Paved; Other Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: DDP Realty LLC
Last Updated: September - 14 - 2024
Information deemed reliable but not guaranteed.