426 428 N Webster, Scranton, PA 18510 (MLS# 23-2927)
426 428 N Webster, Scranton, PA 18510
$613,325
Property Type:
Residential Income
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$613,325
List Date:
1/03/2024
Last Modified:
9/11/2024
Description
Check out this money maker!
A 14-bedroom, student housing apartment building, within walking distance to Scranton University. This property has an excellent rental history and is currently rented to university students. The building consists of 4 Apartments with parking in the rear for 6-7 cars.
Property has 4 brand new furnaces and 4 brand new water heaters., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: Modern, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00, Additional Info: Income and expenses are based on 13 signed leases. The coin operated Washer & Dryer brings in $1,000-$1,500 a year in additional income.
8 students are from 2022-2023 year that have renewed their leases for the 2023-2024 school year. 4 pre-signed leases for the 2024-2025 school year at $575 each.
Next year's Gross income would be $96,600.
More Information MLS# 23-2927
Contract Information
Current Price: $613,325
Sold Price: $613,325
Status: Closed
List Date: 2023-07-15
Property Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Gaetano Fasciana & Gabriella F
Location Tax and Legal
House # (1): 426 428
Street Direction Pfx: N
Street Name: Webster
City (Post Office): Scranton
State/Province: PA
Zip Code: 18510
County: Lackawanna
Geo Lat: 41.405701
Geo Lon: -75.652058
General Property Information
Above Grade Finished Area: 4725
Below Grade Finished Area: 1425
Below Grade Unfinished Area: 150
Year Built: 1950
New Construction YN: No
Parking Total: 6
Lot Size Acres: 0.14
Lot Size Dimensions: 40x160
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Spa YN: No
Remarks and Miscellaneous
Public Remarks: Check out this money maker!
A 14-bedroom, student housing apartment building, within walking distance to Scranton University. This property has an excellent rental history and is currently rented to university students. The building consists of 4 Apartments with parking in the rear for 6-7 cars.
Property has 4 brand new furnaces and 4 brand new water heaters., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: Modern, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00, Additional Info: Income and expenses are based on 13 signed leases. The coin operated Washer & Dryer brings in $1,000-$1,500 a year in additional income.
8 students are from 2022-2023 year that have renewed their leases for the 2023-2024 school year. 4 pre-signed leases for the 2024-2025 school year at $575 each.
Next year's Gross income would be $96,600.
Status Change Information
Major Change Timestamp: 2024-05-20T19:21:00Z
Major Change Type: Status Change
Price Change Timestamp: 2024-01-03T14:40:06Z
Status Change Timestamp: 2024-05-20
PurchaseContractDate: 2024-02-20
CloseDate: 2024-05-20
ClosePrice: 613325
Concessions: No
Buyer Financing: Conventional
Income and Expenses
Gross Income: 84600
Sewer Expense: 2600
Water Expense: 2600
Unit 1
Unit #: 426 1
Actual Rent: 1000
SqFt Total: 1100
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 428 1
Unit 4
Unit #: 428 2
Unit Details
3 Bedroom: 2
4 Bedroom: 2
Property Features
Appliances: Range; Refrigerator
Community Features: None
Construction Materials: Aluminum Siding
Cooling: None
Heating: Baseboard; Hot Water; Natural Gas
Laundry Features: None
Levels: Three Or More
Listing Terms: Cash
Parking Features: Gravel; Off Street; On Street
Road Frontage Type: City Street
Roof: Composition; Wood
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service
Water Source: Public
Listing Office: Hibble Harris Real Estate, Inc
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.