329 331 Cedar Avenue, Scranton, PA 18505 (MLS# 23-5006)

329 331 Cedar Avenue, Scranton, PA 18505

$385,000

Property Type: Residential Income Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $385,000 List Date: 11/15/2023 Last Modified: 9/11/2024

Description

INVESTORS!! Welcome to this charming 5-unit apartment building in the heart of Scranton! This fully occupied property is generating approx $5700 monthly! Each unit has separate electric. Landlord pays gas (heat), water, and sewer. Tenants pay their own electric, and a monthly fee towards water. This property's allure is elevated by considerate updates, including updated plumbing, updated furnace, and a refreshing coat of new paint. For added convenience, the property is located right off of the highway, approved for section 8, and has one off-street parking spot. This property not only represents a sound investment opportunity with full occupancy but also offers a turnkey solution for those seeking a well-maintained and updated multi-unit dwelling in Scranton. Don't miss the chance to own this income-generating property! GROUP SHOWINGS SATURDAYS 12-1PM. Listing agent will be present, send your buyers!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1200.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00, Additional Info: GROUP SHOWINGS SATURDAYS 12-1PM. Listing agent will be present, send your buyers! All information approximate - not guaranteed or warranted. Buyers to do due diligence.

More Information MLS# 23-5006

Contract Information

Current Price: $385,000 Sold Price: $385,000 Status: Closed Listing Contract Date: 2023-11-15 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: ROMA AT CEDAR LLC

Location Tax and Legal

Street Number: 329 331 Street Name: Cedar Street Suffix: Avenue 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 Parking Total: 1 Lot Size Acres: 0.13 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 List Price/SqFt: 81.15 Sold Price/SqFt: 80.21

Remarks and Miscellaneous

Public Remarks: INVESTORS!! Welcome to this charming 5-unit apartment building in the heart of Scranton! This fully occupied property is generating approx $5700 monthly! Each unit has separate electric. Landlord pays gas (heat), water, and sewer. Tenants pay their own electric, and a monthly fee towards water. This property's allure is elevated by considerate updates, including updated plumbing, updated furnace, and a refreshing coat of new paint. For added convenience, the property is located right off of the highway, approved for section 8, and has one off-street parking spot. This property not only represents a sound investment opportunity with full occupancy but also offers a turnkey solution for those seeking a well-maintained and updated multi-unit dwelling in Scranton. Don't miss the chance to own this income-generating property! GROUP SHOWINGS SATURDAYS 12-1PM. Listing agent will be present, send your buyers!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1200.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00, Additional Info: GROUP SHOWINGS SATURDAYS 12-1PM. Listing agent will be present, send your buyers! All information approximate - not guaranteed or warranted. Buyers to do due diligence. Exclusions: No

Status Change Information

Major Change Timestamp: 2024-01-24T19:58:01Z Major Change Type: Status Change Status Change Timestamp: 2024-01-24 Purchase Contract Date: 2023-11-20 Close Date: 2024-01-23 Close Price: 385000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 68880 Water Expense: 6194

Unit 1

Unit #: 329 1st fl Actual Rent: 1150 SqFt Total: 800 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2024-06-24 Unit Remarks: water&pet fee inrent

Unit 2

Unit #: 329 2nd fl Actual Rent: 950 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: No Lease Expiration Date: 2024-03-31 Unit Remarks: water&pet fee inrent

Unit 3

Unit #: 331 1st fl Actual Rent: 1210 SqFt Total: 1000 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: No Lease Expiration Date: 2024-06-16 Unit Remarks: water&pet fee inrent

Unit 4

Unit #: 331 2nd fl Actual Rent: 1200 SqFt Total: 1000 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2023-01-01

Unit 5

Unit #: 331 3rd fl Actual Rent: 1230 SqFt Total: 1200 Baths Total: 2 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2024-03-31 Unit Remarks: water&pet fee inrent

Road Frontage Type

Road Frontage Length: 51

Property Features

Appliances: Range; Refrigerator Architectural Style: Multiple Buildings 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 Parking Features: Off Street; On Street; None; Other; See Remarks Possession: Negotiable Road Surface Type: Paved Roof: Rubber Sewer: Public Sewer Showing Requirements: Appointment Only; Email Listing Agent; Pet(s) on Premises; Showing Service; Text Listing Agent Water Source: Public

Listing Office: EXP Realty LLC

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.