308 N Irving Avenue, Scranton, PA 18510 (MLS# SC-519)
308 N Irving Avenue, Scranton, PA 18510
$299,500
Property Type:
Residential Income
Bedrooms:
8
Baths:
2
Lot Size (sq. ft.):
4,792
Status:
Closed
Current Price:
$299,500
List Date:
1/05/2024
Last Modified:
1/28/2025
Description
Investor's Dream!
Embrace the perfect investment opportunity with this completely remodeled and updated duplex. A turnkey property, this gem promises a hassle-free investment experience.
Charm Meets Modernity
Step inside this hill section beauty and be captivated by the stunning updates and woodwork. A perfect blend of charm and modern amenities, this duplex sets the standard for comfortable living.
Proximity to Academic Excellence
Ideal for investors seeking a profitable venture, this duplex is conveniently located near the University of Scranton. The proximity to the university has made Air BNB incredibly successful for the owners, with potential earnings reaching up to $4,500 per unit.
Stable Income
Currently leased at $1,300 a month per unit with contracts in place until May 30, 2024, this property ensures a stable and consistent income stream for savvy investors.
Tenant-Friendly Arrangement
Enjoy the benefit of a hassle-free landlord experience - the tenant takes care of all utilities except for trash and sewer, providing a convenient and low-maintenance investment.
Don't miss out on this opportunity to invest in a remodeled duplex that offers both aesthetic appeal and financial prosperity. Act now to secure your place in the thriving Scranton real estate market!
More Information MLS# SC-519
Contract Information
Current Price: $299,500
Sold Price: $299,500
Status: Closed
Listing Contract Date: 2024-01-05
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Mustafa and Feruza Kerimoglu
Location Tax and Legal
Street Number: 308
Street Direction Prefix: N
Street Name: Irving
Street Suffix: Avenue
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Units Total: 2
Bedrooms Total: 8
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 2137
Living Area: 2137
Enhanced Accessible: No
Year Built: 1935
Year Built Source: Other
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.11
Lot Size Dimensions: 30X160
Basement YN: Yes
Furnished: Unfurnished
Stories: 3
Units Furnished: None
Fireplace YN: No
Spa YN: No
Senior Community YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 153.95
Sold Price/SqFt: 140.15
Remarks and Miscellaneous
Public Remarks: Investor's Dream!
Embrace the perfect investment opportunity with this completely remodeled and updated duplex. A turnkey property, this gem promises a hassle-free investment experience.
Charm Meets Modernity
Step inside this hill section beauty and be captivated by the stunning updates and woodwork. A perfect blend of charm and modern amenities, this duplex sets the standard for comfortable living.
Proximity to Academic Excellence
Ideal for investors seeking a profitable venture, this duplex is conveniently located near the University of Scranton. The proximity to the university has made Air BNB incredibly successful for the owners, with potential earnings reaching up to $4,500 per unit.
Stable Income
Currently leased at $1,300 a month per unit with contracts in place until May 30, 2024, this property ensures a stable and consistent income stream for savvy investors.
Tenant-Friendly Arrangement
Enjoy the benefit of a hassle-free landlord experience - the tenant takes care of all utilities except for trash and sewer, providing a convenient and low-maintenance investment.
Don't miss out on this opportunity to invest in a remodeled duplex that offers both aesthetic appeal and financial prosperity. Act now to secure your place in the thriving Scranton real estate market!
Inclusions: Range and Refrigerators Washer and Dryer in the basement which is shared
Status Change Information
Major Change Timestamp: 2024-03-25T23:24:15Z
Major Change Type: Status Change
Status Change Timestamp: 2024-03-25
Purchase Contract Date: 2024-02-08
Close Date: 2024-03-25
Close Price: 299500
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Annual Total Expense: 4800
Gross Income: 31200
Unit 1
Unit #: 1 Downstairs
Actual Rent: 1300
SqFt Total: 946
Baths Total: 1
Beds Total: 4
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-05-31
Unit Remarks: W/D hookup-Basemen
Unit 2
Unit #: 2 Upstairs
Actual Rent: 1300
SqFt Total: 1191
Baths Total: 1
Beds Total: 4
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-05-31
Unit Remarks: W/D Hook up Bath/L2
Meter Information
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 2
Road Frontage Type
Road Frontage Length: 30
Property Features
Appliances: Gas Water Heater; Range; Refrigerator; Washer/Dryer
Architectural Style: Duplex Up & Down
Basement: Partial
Community Features: Other
Construction Materials: Vinyl Siding
Cooling: None
Current Use: Multi-Family
Electric: 200+ Amp Service
Fencing: Back Yard
Financial Data Source: Owner
Fireplace Features: None
Flooring: Vinyl
Heating: Natural Gas
Income Includes: Rent Only
Interior Features: Finished Attic
Laundry Features: In Basement; See Remarks
Levels: Multi/Split
Listing Terms: Cash; Conventional; FHA
Owner Pays: Sewer; Taxes; Trash Collection
Parking Features: Off Street; On Street
Possession: Close Of Escrow; Rental Agreement
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Roof: Composition
Sewer: Public Sewer
Showing Requirements: Appointment Only; Combination Lock Box
Spa Features: None
Structure Type: Duplex
Tenant Pays: All Utilities
Water Source: Public
Window Features: Double Pane Windows
Listing Office: LUXE Homes Real Estate LLC
Last Updated: January - 28 - 2025
Information deemed reliable but not guaranteed.