277 Riverside Drive, Factoryville, PA 18419 (MLS# SC-617)
277 Riverside Drive, Factoryville, PA 18419
$405,000
Property Type:
Residential Income
Bedrooms:
9
Baths:
3
Lot Size (sq. ft.):
52,272
Status:
Closed
Current Price:
$405,000
List Date:
1/12/2024
Last Modified:
9/11/2024
Description
This 3 unit investment property is a no brainer money maker!! New New New are the words to describe a lot of the features in this house. New roof, soffit, fascia and gutters. New back porch with new railings. New gas heating systems for all three units. New paint job on exterior with vinyl shakes. Newly renovated back apartment with new floors, carpet, paint , granite countertops, stainless steel appliances, kitchen cabinets and new bathroom complete with beautiful vanity and mirror. And the list goes on...These spacious apartments feature 3 bedrooms and 1 bath in each and separate utilities. There are two long term tenants and one ready to rent! It is close to town and Keystone College. It is convenient for both college students and tenants. Other outside amenities include Environmental Nature Trails at Keystone College, Christy Matthewson Park, Lackawanna Trail Elementary, College Ave in Factoryville, Trolley Trail and Tunkhannock Creek frontage (great fishing spot).
It has been remodeled, well maintained and is ready to be your next investment property! Current rents are low for existing tenants. THE BACK UNIT WAS RECENTLY LEASED FOR 1700.00 A MONTH STARTING MARCH 1st. Projected Rents are 4400 with a CAP RATE of 10+. Call today to take a look!
More Information MLS# SC-617
Contract Information
Current Price: $405,000
Sold Price: $405,000
Status: Closed
Listing Contract Date: 2024-01-12
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Christopher Sespico
Location Tax and Legal
Street Number: 277
Street Name: Riverside
Street Suffix: Drive
State: PA
Postal Code: 18419
County: Wyoming
General Property Information
Number Of Units Total: 3
Bedrooms Total: 9
Bathrooms Total: 3
Bathrooms Full: 3
Above Grade Finished Area: 4026
Below Grade Unfinished Area: 1547
Living Area: 4026
Enhanced Accessible: No
Year Built: 1850
Year Built Source: Estimated
New Construction YN: No
Lot Size Acres: 1.2
Lot Size Dimensions: 155x347.72x156.22x323.9
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 99.11
Sold Price/SqFt: 100.6
Remarks and Miscellaneous
Public Remarks: This 3 unit investment property is a no brainer money maker!! New New New are the words to describe a lot of the features in this house. New roof, soffit, fascia and gutters. New back porch with new railings. New gas heating systems for all three units. New paint job on exterior with vinyl shakes. Newly renovated back apartment with new floors, carpet, paint , granite countertops, stainless steel appliances, kitchen cabinets and new bathroom complete with beautiful vanity and mirror. And the list goes on...These spacious apartments feature 3 bedrooms and 1 bath in each and separate utilities. There are two long term tenants and one ready to rent! It is close to town and Keystone College. It is convenient for both college students and tenants. Other outside amenities include Environmental Nature Trails at Keystone College, Christy Matthewson Park, Lackawanna Trail Elementary, College Ave in Factoryville, Trolley Trail and Tunkhannock Creek frontage (great fishing spot).
It has been remodeled, well maintained and is ready to be your next investment property! Current rents are low for existing tenants. THE BACK UNIT WAS RECENTLY LEASED FOR 1700.00 A MONTH STARTING MARCH 1st. Projected Rents are 4400 with a CAP RATE of 10+. Call today to take a look!
Status Change Information
Major Change Timestamp: 2024-07-22T19:52:36Z
Major Change Type: Status Change
Price Change Timestamp: 2024-05-03T19:44:05Z
Status Change Timestamp: 2024-07-22
Purchase Contract Date: 2024-06-03
Close Date: 2024-07-22
Close Price: 405000
Concessions: No
Buyer Financing: FHA
Income and Expenses
Insurance Expense: 812
Operating Expense: 6408
Sewer Expense: 1776
Unit 1
Unit #: B ( Middle front)
Actual Rent: 900
SqFt Total: 1466
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Unit Remarks: Projected Rent 1400
Unit 2
Unit #: C ( Back right)
Actual Rent: 1700
SqFt Total: 1113
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Unit 3
Unit #: A ( back left)
Actual Rent: 850
SqFt Total: 1113
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Unit Remarks: Projected Rent 1400
Property Features
Appliances: Stainless Steel Appliance(s)
Architectural Style: Other
Basement: Full
Current Use: Investment; Multi-Family
Heating: Baseboard; Natural Gas
Listing Terms: Cash; Conventional; FHA; VA Loan
Patio And Porch Features: Covered; Front Porch; Porch
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.