1908-1918 Pittston Avenue, Scranton, PA 18505 (MLS# 22-4289)

1908-1918 Pittston Avenue, Scranton, PA 18505

$540,000

Property Type: Residential Income Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $540,000 List Date: 9/23/2022 Last Modified: 9/11/2024

Description

Excellent 8-Unit investment property just minutes from downtown Scranton. There are two buildings as part of this investment. Building one contains 6-Units while Building two has 2-Units. There is a lot of room for improvement on the current rents from long term tenants. Plus, the possibilities for additional revenue due to the size of each unit, bedroom count, basement space, and garage space will provide additional future means of income if done right., Semi-Modern Kitchen: Y, Old Kitchen: Y, Tax Information: Available, Kitchen: SemiMod,Old, Baths: Old,SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 2500.00

More Information MLS# 22-4289

Contract Information

Current Price: $540,000 Sold Price: $540,000 Status: Closed Listing Contract Date: 2022-09-21 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: John & Sheila Opsasnick

Location Tax and Legal

Street Number: 1908-1918 Street Name: Pittston Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 8 Above Grade Finished Area: 5500 Below Grade Unfinished Area: 2000 Living Area: 5500 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Garage Spaces: 2 Lot Size Acres: 0.29 Lot Size Dimensions: 80X160 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: Excellent 8-Unit investment property just minutes from downtown Scranton. There are two buildings as part of this investment. Building one contains 6-Units while Building two has 2-Units. There is a lot of room for improvement on the current rents from long term tenants. Plus, the possibilities for additional revenue due to the size of each unit, bedroom count, basement space, and garage space will provide additional future means of income if done right., Semi-Modern Kitchen: Y, Old Kitchen: Y, Tax Information: Available, Kitchen: SemiMod,Old, Baths: Old,SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 2500.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2022-12-30T20:41:48Z Major Change Type: Status Change Status Change Timestamp: 2022-12-30 Purchase Contract Date: 2022-11-13 Close Date: 2022-12-30 Close Price: 540000 Concessions: No Buyer Financing: Cash

Income and Expenses

Gross Income: 70800

Unit 1

Unit #: 1908 Apt. 1 Actual Rent: 735 Security Deposit $: 600 SqFt Total: 1200 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 1910 Apt. 2 Actual Rent: 530 SqFt Total: 1200 Baths Total: 1 Beds Total: 3 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 1916 Apt. 3 Actual Rent: 555 Security Deposit $: 425 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 1912 Apt. 4 Actual Rent: 800 Security Deposit $: 760 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 1912.5 Apt. 5 Actual Rent: 630 Security Deposit $: 550 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 6

Unit #: 1914 Apt. 6 Actual Rent: 900 Security Deposit $: 850 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: 1914.5 Apt. 7 Actual Rent: 800 Security Deposit $: 800 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 8

Unit #: 1918 Apt. 8 Actual Rent: 875 Security Deposit $: 475 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Road Frontage Type

Road Frontage Length: 80

Property Features

Architectural Style: Multiple Buildings Basement: Full Community Features: None Construction Materials: Stucco Cooling: None Heating: Baseboard; Natural Gas Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Asphalt Possession: Negotiable Road Surface Type: Paved Roof: Composition; Rolled/Hot Mop; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Text Listing Agent Water Source: Public

Listing Office: EXP Realty LLC

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.