401 N Irving Avenue, Scranton, PA 18510 (MLS# SC-6188)
401 N Irving Avenue, Scranton, PA 18510
$589,000
Property Type:
Residential Income
Bedrooms:
7
Baths:
4
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$589,000
List Date:
12/04/2024
Last Modified:
1/15/2025
Description
Prime Investment Opportunity
Discover this well-located four-unit investment property, just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and popular shopping destinations. Perfect for both seasoned and first-time investors, this property offers significant income potential.
Each unit features separate electric utilities, while the landlord currently covers heating & water costs—offering an opportunity to transition these expenses to tenants. The property just had 2 units updated with fresh paint, flooring and minor bath updates. Property also had new railings and fresh paint to the exterior done.
Whether you're looking for a turn-key investment or a chance to boost income with upgrades and improvements, this property offers low overhead and high potential. Don't miss out on this excellent addition to your portfolio in a high-demand rental area!
More Information MLS# SC-6188
Contract Information
Current Price: $589,000
List Price: $589,000
Status: Active
Listing Contract Date: 2024-12-04
Property Sub Type: Multi Family
Listing Agreement: Exclusive Agency
Owner Name: Two Cat Realty
Location Tax and Legal
Street Number: 401
Street Direction Prefix: N
Street Name: Irving
Street Suffix: Avenue
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Units Total: 4
Bedrooms Total: 7
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 3608
Living Area: 3608
Enhanced Accessible: No
Year Built: 1950
Year Built Source: Estimated
New Construction YN: No
Lot Size Acres: 0.1
Lot Size Dimensions: 50X85
Waterfront YN: No
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 163.25
Remarks and Miscellaneous
Public Remarks: Prime Investment Opportunity
Discover this well-located four-unit investment property, just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and popular shopping destinations. Perfect for both seasoned and first-time investors, this property offers significant income potential.
Each unit features separate electric utilities, while the landlord currently covers heating & water costs—offering an opportunity to transition these expenses to tenants. The property just had 2 units updated with fresh paint, flooring and minor bath updates. Property also had new railings and fresh paint to the exterior done.
Whether you're looking for a turn-key investment or a chance to boost income with upgrades and improvements, this property offers low overhead and high potential. Don't miss out on this excellent addition to your portfolio in a high-demand rental area!
Status Change Information
Major Change Timestamp: 2024-12-04T19:06:11Z
Major Change Type: New Listing
Status Change Timestamp: 2024-12-04
Unit 1
Unit #: 1
Actual Rent: 1675
SqFt Total: 1100
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 2
Unit #: 2
Actual Rent: 850
SqFt Total: 800
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 3
Unit #: 3
Actual Rent: 950
SqFt Total: 800
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Unit 4
Unit #: 4
Actual Rent: 850
SqFt Total: 800
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Property Features
Appliances: Electric Range; Refrigerator
Architectural Style: Other
Basement: Full; Unfinished; Walk-Out Access
Community Features: None
Cooling: None
Fireplace Features: None
Flooring: Carpet; Hardwood; Tile
Heating: Natural Gas; Steam
Listing Terms: Cash; Conventional
Owner Pays: Gas; Sewer; Water
Parking Features: On Street
Patio And Porch Features: Front Porch
Possession: Close Of Escrow
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent; Occupied
Tenant Pays: Cable TV; Electricity
Water Source: Public
Listing Office: Hibble Harris Real Estate, Inc
Last Updated: January - 15 - 2025
Information deemed reliable but not guaranteed.