216 Sussex Street, Old Forge, PA 18518 (MLS# 21-3173)
216 Sussex Street, Old Forge, PA 18518
$355,000
Property Type:
Residential Income
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$355,000
List Date:
11/26/2021
Last Modified:
9/10/2024
Description
New everything for this modern 2 unit in Old Forge. Move into the vacant unit and current income will pay your rent. Also fantastic investment opportunity with projected net rent of over $50,000 per year. Open floor plan, new stainless steel appliances, washers & dyers also included. Central air, front porch, rear covered patio, new sidewalks & landscaping. Separate utilities., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1372.00, SqFt Fin - 2nd: 1228.00, Additional Info: First floor has just been leased for 3 years, $2,300 per month + utilities by tenant.
2nd floor rent of $2,200 is projected.
More Information MLS# 21-3173
Contract Information
Current Price: $355,000
Sold Price: $355,000
Status: Closed
Listing Contract Date: 2021-07-21
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: JOEGIL LLC.
Location Tax and Legal
Street Number: 216
Street Name: Sussex
Street Suffix: Street
State: PA
Postal Code: 18518
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Above Grade Finished Area: 2600
Below Grade Unfinished Area: 1372
Living Area: 2600
Enhanced Accessible: No
Year Built: 1940
New Construction YN: No
Lot Size Acres: 0.12
Lot Size Dimensions: 41X126
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: New everything for this modern 2 unit in Old Forge. Move into the vacant unit and current income will pay your rent. Also fantastic investment opportunity with projected net rent of over $50,000 per year. Open floor plan, new stainless steel appliances, washers & dyers also included. Central air, front porch, rear covered patio, new sidewalks & landscaping. Separate utilities., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1372.00, SqFt Fin - 2nd: 1228.00, Additional Info: First floor has just been leased for 3 years, $2,300 per month + utilities by tenant.
2nd floor rent of $2,200 is projected.
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-01-28T19:28:11Z
Major Change Type: Status Change
Status Change Timestamp: 2022-01-28
Purchase Contract Date: 2021-12-10
Close Date: 2022-01-28
Close Price: 355000
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Gross Income: 54000
Unit 1
Unit #: 1st Floor
Actual Rent: 2300
SqFt Total: 1372
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2024-08-01
Unit 2
Unit #: 2nd Floor
SqFt Total: 1228
Baths Total: 1
Beds Total: 2
Kitchen YN: No
Living Room YN: Yes
Road Frontage Type
Road Frontage Length: 41
Property Features
Appliances: Range; Refrigerator
Architectural Style: Duplex Up & Down
Basement: Full
Community Features: None
Construction Materials: Vinyl Siding
Cooling: Central Air
Heating: Forced Air; Natural Gas
Laundry Features: None
Levels: One and One Half
Listing Terms: Cash; FHA; VA Loan
Lot Features: Interior Lot; Level
Parking Features: None
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Showing Requirements: Showing Service
Water Source: Public
Listing Office: NASSER REAL ESTATE, INC.
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.