201-203 E Grove Street, Taylor, PA 18517 (MLS# SC-1174)
201-203 E Grove Street, Taylor, PA 18517
$359,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
3
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$359,000
List Date:
2/22/2024
Last Modified:
9/11/2024
Description
Welcome to this exceptional investment opportunity in the heart of Taylor! This multi-family property features 3 units, each bosting 2 bedrooms and 1 bathroom, perfect for tenants seeking comfortable living spaces. Situated in a prime location, investment properties in Taylor are a rarity, making this listing a coveted find. Additionally, seize the potential for expansion with 3 additional parcels included making for 1 large lot offering an excellent opportunity to build another investment property. Currently, 2 units are fully rented to long term tenants, ensuring immediate income generation, while the 3rd unit, recently vacant, presents a chance for renovation and increased rental potential. LOW TAXES! Don't miss out on this chance to secure a promising investment in Taylor's thriving real estate market.
More Information MLS# SC-1174
Contract Information
Current Price: $359,000
Sold Price: $359,000
Status: Closed
Listing Contract Date: 2024-02-22
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Brian M. Holand L. Centrella
Location Tax and Legal
Street Number: 201-203
Street Direction Prefix: E
Street Name: Grove
Street Suffix: Street
State: PA
Postal Code: 18517
County: Lackawanna
General Property Information
Number Of Units Total: 3
Bedrooms Total: 6
Bathrooms Total: 3
Bathrooms Full: 3
Above Grade Finished Area: 2838
Below Grade Unfinished Area: 1628
Living Area: 2838
Enhanced Accessible: No
Year Built: 1940
Year Built Source: Other
New Construction YN: No
Lot Size Acres: 0.17
Lot Size Dimensions: 50X150
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 126.5
Sold Price/SqFt: 126.5
Remarks and Miscellaneous
Public Remarks: Welcome to this exceptional investment opportunity in the heart of Taylor! This multi-family property features 3 units, each bosting 2 bedrooms and 1 bathroom, perfect for tenants seeking comfortable living spaces. Situated in a prime location, investment properties in Taylor are a rarity, making this listing a coveted find. Additionally, seize the potential for expansion with 3 additional parcels included making for 1 large lot offering an excellent opportunity to build another investment property. Currently, 2 units are fully rented to long term tenants, ensuring immediate income generation, while the 3rd unit, recently vacant, presents a chance for renovation and increased rental potential. LOW TAXES! Don't miss out on this chance to secure a promising investment in Taylor's thriving real estate market.
Status Change Information
Major Change Timestamp: 2024-04-27T00:10:18Z
Major Change Type: Status Change
Status Change Timestamp: 2024-04-26
Purchase Contract Date: 2024-04-01
Close Date: 2024-04-26
Close Price: 359000
Concessions: Yes
Buyer Financing: Conventional
Concessions Amount: 5000
Income and Expenses
Gross Income: 20400
Insurance Expense: 1500
Sewer Expense: 960
Water Expense: 995
Unit 1
Unit #: 201 half double
Actual Rent: 950
SqFt Total: 1419
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: bonus room 1st floor
Unit 2
Unit #: 203A
SqFt Total: 874
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 203B 2nd floor
Actual Rent: 750
SqFt Total: 665
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Meter Information
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 2
Road Frontage Type
Road Frontage Length: 50
Property Features
Architectural Style: Complex
Basement: Full; Unfinished
Community Features: None
Construction Materials: Vinyl Siding
Cooling: None
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior Features: Private Yard
Fencing: None
Financial Data Source: Owner
Fireplace Features: None
Heating: Baseboard; Hot Water; Natural Gas
Income Includes: Rent Only
Laundry Features: Gas Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Back Yard; Cleared; Rectangular Lot
Operating Expense Includes: Insurance; Water/Sewer
Other Structures: None
Owner Pays: Insurance; Sewer; Water
Parking Features: Off Street; On Street
Patio And Porch Features: Deck; Porch
Possession: Close Of Escrow
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; Occupied; Showing Service; Text Listing Agent
Spa Features: None
Structure Type: Multi Family
Tenant Pays: Electricity; Gas; Water
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.