426 N 428 Webster Avenue, Scranton, PA 18510 (MLS# 20-4964)

426 N 428 Webster Avenue, Scranton, PA 18510

$475,000

Property Type: Residential Income Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $475,000 List Date: 11/20/2020 Last Modified: 9/10/2024

Description

An excellent student housing property is located less than 100 feet from University of Scranton. This fully-rented property includes 14 bedrooms: Two 3-bedroom units, and two 4-bedroom units. This investment opportunity already has a tremendous cash flow and an incredible 14.29% capitalization rate! No Showings until Black Friday, November 27, 2020., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00

More Information MLS# 20-4964

Contract Information

Current Price: $475,000 Sold Price: $475,000 Status: Closed Listing Contract Date: 2020-11-19 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: GAM PROPERTY LP

Location Tax and Legal

Street Number: 426 Street Direction Prefix: N Street Name: 428 Webster Street Suffix: Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 4 Above Grade Finished Area: 4725 Below Grade Finished Area: 1575 Living Area: 6300 Enhanced Accessible: No Year Built: 1950 New Construction YN: No Parking Total: 6 Lot Size Acres: 0.14 Lot Size Dimensions: 40X160 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: An excellent student housing property is located less than 100 feet from University of Scranton. This fully-rented property includes 14 bedrooms: Two 3-bedroom units, and two 4-bedroom units. This investment opportunity already has a tremendous cash flow and an incredible 14.29% capitalization rate! No Showings until Black Friday, November 27, 2020., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2021-01-27T14:03:43Z Major Change Type: Status Change Status Change Timestamp: 2021-01-27 Purchase Contract Date: 2020-12-03 Close Date: 2021-01-26 Close Price: 475000 Concessions: No

Income and Expenses

Gross Income: 92400 Water Expense: 3420

Unit 1

Unit #: 426 1 Actual Rent: 1650 Security Deposit $: 1500 SqFt Total: 1100 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-05-31

Unit 2

Unit #: 426 2 Actual Rent: 2200 Security Deposit $: 2000 SqFt Total: 1100 Baths Total: 1 Beds Total: 4 Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-05-31

Unit 3

Unit #: 428 1 Actual Rent: 1650 Security Deposit $: 1500 SqFt Total: 1100 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-05-31

Unit 4

Unit #: 428 2 Actual Rent: 2200 Security Deposit $: 2000 SqFt Total: 1100 Baths Total: 1 Beds Total: 4 Dining Room YN: No Kitchen YN: Yes Lease Expiration Date: 2021-05-31

Road Frontage Type

Road Frontage Length: 40

Property Features

Appliances: Refrigerator Basement: Full Community Features: None Construction Materials: Aluminum Siding Cooling: None Heating: Baseboard; Natural Gas Levels: Three Or More Listing Terms: Cash Lot Features: Interior Lot Parking Features: Gravel Possession: Negotiable Road Frontage Type: City Street Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: Showing Service Water Source: Public

Listing Office: Christian Saunders Real Estate

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.