1731 Church Avenue, Scranton, PA 18508 (MLS# SC-3453)

1731 Church Avenue, Scranton, PA 18508

$357,140

Property Type: Residential Income Bedrooms: 7 Baths: 3 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $357,140 List Date: 7/01/2024 Last Modified: 10/12/2024

Description

This amazing investment property features a duplex as well as a single-family home for a total of 3 high-producing units. Nestled on a lovely one way street in a quiet pocket of North Scranton, it is recently renovated, features all separate utilities. This property is turn-key with a NET income sitting at 36,,000. As an added bonus, all tenants pay for and carry Rhino Insurance per their lease which protects and provides money to the Landlord if there is ever a payment issue with anything from rent to damages. Talk about peace of mind! This property can be purchased individually or as part of a package with 2 other similar properties. Passive income awaits.

More Information MLS# SC-3453

Contract Information

Current Price: $357,140 Sold Price: $357,140 Status: Closed Listing Contract Date: 2024-07-01 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: LTS2 Realty LLC

Location Tax and Legal

Street Number: 1731 Street Name: Church Street Suffix: Avenue State: PA Postal Code: 18508 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 3 Bedrooms Total: 7 Bathrooms Total: 3 Bathrooms Full: 3 Above Grade Finished Area: 3030 Below Grade Unfinished Area: 840 Living Area: 3030 Enhanced Accessible: No Year Built: 1930 Year Built Source: Public Records New Construction YN: No Garage YN: No Open Parking Spaces: 4 Lot Size Acres: 0.12 Lot Size Dimensions: 44X117X46X120 Land Lease YN: No Waterfront YN: No Basement YN: Yes Stories: 2 Auction YN: No List Price/SqFt: 127.06 Sold Price/SqFt: 117.87

Remarks and Miscellaneous

Public Remarks: This amazing investment property features a duplex as well as a single-family home for a total of 3 high-producing units. Nestled on a lovely one way street in a quiet pocket of North Scranton, it is recently renovated, features all separate utilities. This property is turn-key with a NET income sitting at 36,,000. As an added bonus, all tenants pay for and carry Rhino Insurance per their lease which protects and provides money to the Landlord if there is ever a payment issue with anything from rent to damages. Talk about peace of mind! This property can be purchased individually or as part of a package with 2 other similar properties. Passive income awaits.

Status Change Information

Major Change Timestamp: 2024-10-12T18:43:08Z Major Change Type: Status Change Price Change Timestamp: 2024-07-25T19:53:48Z Status Change Timestamp: 2024-10-12 Purchase Contract Date: 2024-08-17 Close Date: 2024-10-10 Close Price: 357140 Concessions: Yes Buyer Financing: Conventional Concessions Amount: 7140

Income and Expenses

Annual Total Expense: 5603 Cap Rate: 10 Gross Income: 41400 Insurance Expense: 1906 Net Operating Income: 35797 New Taxes Expense: 3697

Unit 1

Unit #: 1st Floor Front Actual Rent: 1100 Security Deposit $: 1050 SqFt Total: 840 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-05-31

Unit 2

Unit #: 2nd Floor Front Actual Rent: 850 Security Deposit $: 850 SqFt Total: 840 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: No

Unit 3

Unit #: Rear House Actual Rent: 1500 SqFt Total: 1350 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-03-31

Unit Details

2 Bedroom: 2 3 Bedroom: 1

Meter Information

Number Of Separate Electric Meters: 3 Number Of Separate Gas Meters: 3 Number Of Separate Water Meters: 3

Road Frontage Type

Road Frontage Length: 44

Property Features

Architectural Style: Multiple Buildings Basement: Full Construction Materials: Aluminum Siding; Asbestos Cooling: None Current Use: Multi-Family Heating: Forced Air; Natural Gas Levels: Two Owner Pays: Insurance; Taxes Parking Features: Off Street; On Street; Paved Possession: Close Of Escrow Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Paved Sewer: Public Sewer Showing Requirements: Appointment Only; Occupied; Restricted Hours; Showing Service Structure Type: Multi Family Tenant Pays: All Utilities Water Source: Public

Listing Office: Revolve Real Estate

Last Updated: October - 12 - 2024

Information deemed reliable but not guaranteed.