329-331 Cedar Ave, Scranton, PA 18505 (MLS# 22-2858)

329-331 Cedar Ave, Scranton, PA 18505

$309,000

Property Type: Residential Income Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $309,000 List Date: 6/29/2022 Last Modified: 9/10/2024

Description

5 Unit Investment Property Fully Rented with long term tenants, Well Maintained Over The Years. Registered with the city as a 5 unit rental. Great size house with minimal maintenance. Landlord pays for gas heat, water, sewer. Tenants pay their own electric, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1200.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00

More Information MLS# 22-2858

Contract Information

Current Price: $309,000 Sold Price: $309,000 Status: Closed Listing Contract Date: 2022-06-28 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: 329 Cedar LLC

Location Tax and Legal

Street Number: 329-331 Street Name: Cedar Ave State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 5 Above Grade Finished Area: 4800 Below Grade Unfinished Area: 1800 Living Area: 4800 Enhanced Accessible: No Year Built: 1930 New Construction YN: No Lot Size Acres: 1 Lot Size Dimensions: 115x51x112x51 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: 5 Unit Investment Property Fully Rented with long term tenants, Well Maintained Over The Years. Registered with the city as a 5 unit rental. Great size house with minimal maintenance. Landlord pays for gas heat, water, sewer. Tenants pay their own electric, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1200.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2022-09-06T21:02:31Z Major Change Type: Status Change Price Change Timestamp: 2022-07-14T17:01:54Z Status Change Timestamp: 2022-09-06 Purchase Contract Date: 2022-08-15 Close Date: 2022-09-06 Close Price: 309000 Concessions: No Buyer Financing: Cash

Income and Expenses

Gross Income: 71061.18 Water Expense: 7401.54

Unit 1

Unit #: 329 1st Floor Actual Rent: 960 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 329 2nd Floor Actual Rent: 949 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 331 1st Floor Actual Rent: 1080 SqFt Total: 1000 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 331 2nd Floor Actual Rent: 985 SqFt Total: 1000 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 331 3rd Floor Actual Rent: 1050 SqFt Total: 1200 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Road Frontage Type

Road Frontage Length: 51

Property Features

Appliances: Range; Refrigerator Basement: Full Community Features: None Construction Materials: Aluminum Siding Cooling: None Heating: Natural Gas Laundry Features: None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot Parking Features: Off Street; None Possession: Negotiable Road Frontage Type: Other Roof: Rubber Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; No Sign; Showing Service Water Source: Public

Listing Office: ERA One Source Realty

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.