301 N Bromley Avenue, Scranton, PA 18504 (MLS# SC-3455)
301 N Bromley Avenue, Scranton, PA 18504
$305,000
Property Type:
Residential Income
Bedrooms:
7
Baths:
3
Lot Size (sq. ft.):
4,356
Status:
Closed
Current Price:
$305,000
List Date:
9/04/2024
Last Modified:
12/30/2024
Description
This 3-unit property produces wonderful income and is a great turn-key investment for almost any buyer. Recently renovated and featuring all separate utilities, and listed at better than a 10 cap rate. This property has a NET income sitting at 35K. 3 newer gas furnaces, 3 electric panels, 3 gas water heaters, etc. This is a great location sitting on a corner lot and close to shopping, schools and public transportation.
This property can be purchased individually or as part of a package with 2 other similar properties!
More Information MLS# SC-3455
Contract Information
Current Price: $305,000
Sold Price: $305,000
Status: Closed
Listing Contract Date: 2024-07-01
Property Sub Type: Multi Family
Listing Agreement: Exclusive Agency
Seller Offers Concessions YN: Yes
Owner Name: LTS3 Realty LLC
Location Tax and Legal
Street Number: 301
Street Direction Prefix: N
Street Name: Bromley
Street Suffix: Avenue
State: PA
Postal Code: 18504
County: Lackawanna
General Property Information
Number Of Units Total: 3
Bedrooms Total: 7
Bathrooms Total: 3
Bathrooms Full: 3
Above Grade Finished Area: 2195
Below Grade Unfinished Area: 1495
Living Area: 2195
Enhanced Accessible: No
Year Built: 1930
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.1
Lot Size Dimensions: 90X50
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 148.06
Sold Price/SqFt: 138.95
Remarks and Miscellaneous
Public Remarks: This 3-unit property produces wonderful income and is a great turn-key investment for almost any buyer. Recently renovated and featuring all separate utilities, and listed at better than a 10 cap rate. This property has a NET income sitting at 35K. 3 newer gas furnaces, 3 electric panels, 3 gas water heaters, etc. This is a great location sitting on a corner lot and close to shopping, schools and public transportation.
This property can be purchased individually or as part of a package with 2 other similar properties!
Status Change Information
Major Change Timestamp: 2024-12-30T15:47:32Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-30T16:31:35Z
Status Change Timestamp: 2024-12-30
Purchase Contract Date: 2024-11-28
Close Date: 2024-12-30
Close Price: 305000
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Annual Total Expense: 5090
Cap Rate: 10
Gross Income: 40020
Insurance Expense: 1975
Net Operating Income: 34930
New Taxes Expense: 3115
Unit 1
Unit #: 1st Floor Left
Actual Rent: 1050
SqFt Total: 733
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 2nd Floor Left
Actual Rent: 1040
SqFt Total: 733
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: No
Unit Remarks: Just moved in
Unit 3
Unit #: Side Unit
Actual Rent: 1245
SqFt Total: 1466
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2025-05-31
Unit Details
2 Bedroom: 2
3 Bedroom: 1
Property Features
Architectural Style: Converted
Basement: Full
Construction Materials: Vinyl Siding
Cooling: Ceiling Fan(s)
Current Use: Multi-Family
Electric: 200+ Amp Service
Heating: Natural Gas; Steam; Zoned
Laundry Features: Gas Dryer Hookup
Levels: One and One Half
Parking Features: On Street
Patio And Porch Features: Deck; Porch
Road Surface Type: Paved
Sewer: Public Sewer
Structure Type: Multi Family
Water Source: Public
Listing Office: Revolve Real Estate
Last Updated: December - 30 - 2024
Information deemed reliable but not guaranteed.