414 Hickory and 501 Cedar Avenue, Scranton, PA 18505 (MLS# SC-251062)

414 Hickory and 501 Cedar Avenue, Scranton, PA 18505

$599,900

Property Type: Residential Income Bedrooms: 10 Baths: 8 Lot Size (sq. ft.): 7,405 Status: Pending

Current Price: $599,900 List Date: 3/13/2025 Last Modified: 3/18/2025

Description

This multi-unit property consists of two buildings featuring seven residential apartments and one commercial storefront, offering a strong investment opportunity with separate electric for each unit. The property is fully occupied with long-term tenants, all on month-to-month leases, providing flexibility for future plans. With high rental demand and plenty of potential, this property is a great opportunity for investors looking to add value. While the buildings do require some TLC, they offer an excellent foundation for growth. Conveniently located in a desirable area, this property presents a steady income stream with room for improvements to maximize returns. Don't miss out on this versatile investment—schedule a showing today!

More Information MLS# SC-251062

Contract Information

Current Price: $599,900 List Price: $599,900 Status: Pending Listing Contract Date: 2025-03-13 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Listing Service: Full Service Owner Name: Five Hundred One Cedar L L C Entec

Location Tax and Legal

Street Number: 414 Street Name: Hickory and 501 Cedar Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 8 Bedrooms Total: 10 Bathrooms Total: 8 Bathrooms Full: 7 Above Grade Finished Area: 5600 Below Grade Unfinished Area: 1400 Living Area: 5600 Enhanced Accessible: No Year Built: 1930 Year Built Source: Public Records New Construction YN: No Garage YN: No Lot Size Acres: 0.17 Lot Size Dimensions: 49X150X56X46X7X104 Lot Dimensions Source: Public Records Land Lease YN: No Association YN: No Waterfront YN: No Basement YN: No Furnished: Unfurnished Stories: 2 Units Furnished: None Fireplace YN: No Spa YN: No Senior Community YN: No Rent Control YN: No Auction YN: No List Price/SqFt: 107.13

Remarks and Miscellaneous

Public Remarks: This multi-unit property consists of two buildings featuring seven residential apartments and one commercial storefront, offering a strong investment opportunity with separate electric for each unit. The property is fully occupied with long-term tenants, all on month-to-month leases, providing flexibility for future plans. With high rental demand and plenty of potential, this property is a great opportunity for investors looking to add value. While the buildings do require some TLC, they offer an excellent foundation for growth. Conveniently located in a desirable area, this property presents a steady income stream with room for improvements to maximize returns. Don't miss out on this versatile investment—schedule a showing today!

Status Change Information

Major Change Timestamp: 2025-03-18T19:37:02Z Major Change Type: Status Change Status Change Timestamp: 2025-03-18 Purchase Contract Date: 2025-03-18

Unit 1

Unit #: 1 Actual Rent: 550 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 2 Actual Rent: 450 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 3 Actual Rent: 575 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 4 Actual Rent: 575 SqFt Total: 700 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes

Unit 5

Unit #: 501 cedar 1 Actual Rent: 675 SqFt Total: 650 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes

Unit 6

Unit #: cedar 2 Actual Rent: 575 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes

Unit 7

Unit #: 501 cedar 3 Actual Rent: 600 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes

Unit 8

Unit #: cedar storefront SqFt Total: 800 Baths Total: 1 Dining Room YN: No Kitchen YN: No

Unit Details

1 Bedroom: 4

Road Frontage Type

Road Frontage Length: 49

Property Features

Appliances: Other Community Features: None Construction Materials: Brick; Vinyl Siding Cooling: None Fencing: None Fireplace Features: None Heating: Natural Gas; Other Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: City Lot; Interior Lot; Other; See Remarks Pool Features: None Possession: Negotiable Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only Spa Features: None View: Neighborhood Water Source: Public

Listing Office: ERA One Source Realty

Last Updated: March - 18 - 2025

Information deemed reliable but not guaranteed.