305 Willow Street, Scranton, PA 18505 (MLS# 23-2634)
305 Willow Street, Scranton, PA 18505
$415,000
Property Type:
Residential Income
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$415,000
List Date:
6/29/2023
Last Modified:
9/10/2024
Description
Motivated Seller!
Two Buildings, One Lot - 3 Total Units! This property includes two completely renovated buildings, a single-family home and a duplex in the rear. Each building has a new roof, new siding, new windows, energy efficient spray foam insulation throughout and new hot water heaters. The electrical and plumbing in each building has been upgraded. New sheetrock and paint, new LVP floors, new bathrooms and kitchens including refrigerators, ranges, dishwashers and microwaves in each unit. The Single-Family home has 3 bedrooms and 2 full bathrooms. The duplex in the rear has 2 big bedrooms and 1 bathroom on the first floor. The second-floor unit has 4 bedrooms and 1 bathroom.
Rental Rates can potentially be $2000+ - Single-Family
$1300+ - 1st Floor Duplex
$1500+ - 2nd Floor Duplex
Potential cap rate of 11%!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 690.00, SqFt Fin - 2nd: 450.00, Additional Info: TWO BUILDINGS! Single Family Home has 3 bed / 2 bath.
Two Unit in Rear has 2 bed /1 bath and 4 bed /1 bath. Each unit has separate electric, the single-family home also has separate water/sewer.
Rental Rates can potentially be $2000+ - single family
$1300+ - 1st Floor
$1500+ - 2nd Floor
Potential Cap Rate of 11%
More Information MLS# 23-2634
Contract Information
Current Price: $415,000
Sold Price: $415,000
Status: Closed
Listing Contract Date: 2023-06-28
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: AASSKK LLC
Location Tax and Legal
Street Number: 305
Street Name: Willow
Street Suffix: Street
State: PA
Postal Code: 18505
County: Lackawanna
General Property Information
Number Of Buildings: 2
Number Of Units Total: 3
Above Grade Finished Area: 1140
Below Grade Unfinished Area: 690
Living Area: 1140
Enhanced Accessible: No
Year Built: 1970
New Construction YN: No
Lot Size Acres: 0.13
Lot Size Dimensions: 35X162
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: Motivated Seller!
Two Buildings, One Lot - 3 Total Units! This property includes two completely renovated buildings, a single-family home and a duplex in the rear. Each building has a new roof, new siding, new windows, energy efficient spray foam insulation throughout and new hot water heaters. The electrical and plumbing in each building has been upgraded. New sheetrock and paint, new LVP floors, new bathrooms and kitchens including refrigerators, ranges, dishwashers and microwaves in each unit. The Single-Family home has 3 bedrooms and 2 full bathrooms. The duplex in the rear has 2 big bedrooms and 1 bathroom on the first floor. The second-floor unit has 4 bedrooms and 1 bathroom.
Rental Rates can potentially be $2000+ - Single-Family
$1300+ - 1st Floor Duplex
$1500+ - 2nd Floor Duplex
Potential cap rate of 11%!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 690.00, SqFt Fin - 2nd: 450.00, Additional Info: TWO BUILDINGS! Single Family Home has 3 bed / 2 bath.
Two Unit in Rear has 2 bed /1 bath and 4 bed /1 bath. Each unit has separate electric, the single-family home also has separate water/sewer.
Rental Rates can potentially be $2000+ - single family
$1300+ - 1st Floor
$1500+ - 2nd Floor
Potential Cap Rate of 11%
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-09-18T19:34:54Z
Major Change Type: Status Change
Price Change Timestamp: 2023-08-07T14:11:29Z
Status Change Timestamp: 2023-09-18
Purchase Contract Date: 2023-08-17
Close Date: 2023-09-14
Close Price: 415000
Concessions: No
Buyer Financing: FHA
Concessions Amount: 24900
Unit 1
Unit #: Front House
SqFt Total: 1140
Baths Total: 2
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 2
Unit #: Rear - 1st Floor
SqFt Total: 750
Baths Total: 1
Beds Total: 2
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: Rear - 2nd Floor
SqFt Total: 1120
Baths Total: 1
Beds Total: 4
Dining Room YN: Yes
Kitchen YN: Yes
Road Frontage Type
Road Frontage Length: 35
Property Features
Appliances: Dishwasher; Range; Refrigerator
Architectural Style: Multiple Buildings
Basement: Full
Community Features: None
Construction Materials: Vinyl Siding
Cooling: None
Heating: Baseboard; Electric
Laundry Features: None
Levels: One and One Half
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Level
Parking Features: Off Street; On Street; Unpaved
Possession: Negotiable
Road Frontage Type: City Street
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: Combination Lock Box; Showing Service
Water Source: Public
Listing Office: EXP Realty LLC
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.