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.