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.