311 S Irving Avenue, Scranton, PA 18505 (MLS# SC-4879)

311 S Irving Avenue, Scranton, PA 18505

$421,500

Property Type: Residential Income Bedrooms: 11 Baths: 5 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $421,500 List Date: 9/18/2024 Last Modified: 12/19/2024

Description

NEW PRICE ALERT! A rare find in Scranton - 5 units! A beautiful Triplex in front, and an great updated duplex in the back - this property is something you definitely want to add to your portfolio! Triplex is filled with long-term tenants- 1 one- bedroom on first floor, and two bedrooms in units 2 and 3, with room to improve rent amounts. Duplex in the back features 3 bedrooms on each side, with one tenant recently placed. Units have been updated and maintained very well, there isn't much to think about! If you're a seasoned investor looking to grow their portfolio, or new to investing and looking for a property with as little updating needed as possible, this could be the perfect fit for YOU!

More Information MLS# SC-4879

Contract Information

Current Price: $421,500 Sold Price: $421,500 Status: Closed Listing Contract Date: 2024-09-17 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: Honey and Sons LLC

Location Tax and Legal

Street Number: 311 Street Direction Prefix: S Street Name: Irving Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Units Total: 5 Bedrooms Total: 11 Bathrooms Total: 5 Bathrooms Full: 5 Above Grade Finished Area: 5550 Living Area: 5550 Enhanced Accessible: No Year Built: 1920 Year Built Source: Public Records New Construction YN: No Lot Size Acres: 0.14 Lot Size Dimensions: 40X150 Waterfront YN: No Basement YN: Yes Stories: 3 Auction YN: No List Price/SqFt: 80.9 Sold Price/SqFt: 75.95

Remarks and Miscellaneous

Public Remarks: NEW PRICE ALERT! A rare find in Scranton - 5 units! A beautiful Triplex in front, and an great updated duplex in the back - this property is something you definitely want to add to your portfolio! Triplex is filled with long-term tenants- 1 one- bedroom on first floor, and two bedrooms in units 2 and 3, with room to improve rent amounts. Duplex in the back features 3 bedrooms on each side, with one tenant recently placed. Units have been updated and maintained very well, there isn't much to think about! If you're a seasoned investor looking to grow their portfolio, or new to investing and looking for a property with as little updating needed as possible, this could be the perfect fit for YOU! Exclusions: Triplex appliances are mostly owned by tenants - working on specifying this. Duplex - Owner owned Fridges, Ranges

Status Change Information

Major Change Timestamp: 2024-12-19T03:40:23Z Major Change Type: Status Change Price Change Timestamp: 2024-10-18T17:03:28Z Status Change Timestamp: 2024-12-18 Purchase Contract Date: 2024-10-24 Close Date: 2024-12-18 Close Price: 421500 Concessions: No Buyer Financing: Conventional

Income and Expenses

Electric Expense: 455 Heat Expense: 2800 Total Actual Rent: 4810 Water Expense: 5700

Unit 1

Unit #: 1 Actual Rent: 610 SqFt Total: 920 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Lease Expiration Date: 2025-06-30 Unit Remarks: Ground Floor

Unit 2

Unit #: 2 Actual Rent: 850 SqFt Total: 920 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: 2nd Floor

Unit 3

Unit #: 3 Actual Rent: 900 SqFt Total: 920 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Lease Expiration Date: 2025-07-31 Unit Remarks: 3rd Floor

Unit 4

Unit #: 4 Actual Rent: 1200 SqFt Total: 1300 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Unit Remarks: Rear Left

Unit 5

Unit #: 5 Actual Rent: 1230 SqFt Total: 1300 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Unit Remarks: Rear Right

Property Features

Architectural Style: Multiple Buildings; See Remarks Basement: Full Construction Materials: Vinyl Siding Cooling: None Current Use: Multi-Family Flooring: Carpet; Hardwood; Luxury Vinyl; Tile; Other Income Includes: Rent Only Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Gentle Sloping Parking Features: On Street Patio And Porch Features: Deck Possession: Negotiable Roof: Shingle Sewer: Public Sewer Showing Requirements: Call Listing Agent; Restricted Hours; Text Listing Agent Tenant Pays: Cable TV; Electricity; Telephone Utilities: See Remarks

Listing Office: LUXE Homes Real Estate LLC

Last Updated: December - 19 - 2024

Information deemed reliable but not guaranteed.