505 507 Cedar Avenue, Scranton, PA 18505 (MLS# 21-2877)
505 507 Cedar Avenue, Scranton, PA 18505
$399,000
Property Type:
Residential Income
Lot Size (sq. ft.):
20,909
Status:
Closed
Current Price:
$399,000
List Date:
10/14/2021
Last Modified:
9/10/2024
Description
4 units fully occupied. Store front is currently rented by church. Large enough for 2 units on street level. Separate utilities. Modern apartments. Extra lot in rear 37x33 PIN# 15616020039
Newer electric, plumbing. Gutted and remodeled, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1216.00, SqFt Fin - Main: 1536.00, SqFt Fin - 2nd: 1216.00
More Information MLS# 21-2877
Contract Information
Current Price: $399,000
Sold Price: $399,000
Status: Closed
Listing Contract Date: 2021-07-02
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Kenco Properties
Location Tax and Legal
Street Number: 505 507
Street Name: Cedar
Street Suffix: Avenue
State: PA
Postal Code: 18505
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Above Grade Finished Area: 3968
Living Area: 3968
Enhanced Accessible: No
Year Built: 1920
New Construction YN: No
Parking Total: 4
Lot Size Acres: 0.48
Lot Size Dimensions: 41X104X7X46X34X150
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: 4 units fully occupied. Store front is currently rented by church. Large enough for 2 units on street level. Separate utilities. Modern apartments. Extra lot in rear 37x33 PIN# 15616020039
Newer electric, plumbing. Gutted and remodeled, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1216.00, SqFt Fin - Main: 1536.00, SqFt Fin - 2nd: 1216.00
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-07-11T17:26:28Z
Major Change Type: Status Change
Status Change Timestamp: 2022-07-11
Purchase Contract Date: 2022-04-08
Close Date: 2022-07-11
Close Price: 399000
Concessions: No
Income and Expenses
Gross Income: 46200
Unit 1
Unit #: street level
Actual Rent: 1000
SqFt Total: 1536
Baths Total: 1
Dining Room YN: No
Kitchen YN: No
Living Room YN: No
Unit 2
Unit #: 2nd floor
Actual Rent: 1150
Security Deposit $: 1150
SqFt Total: 1216
Baths Total: 2
Beds Total: 4
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: lease
Unit 3
Unit #: 3rd floor right side
Actual Rent: 850
Security Deposit $: 850
SqFt Total: 608
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: no lease
Unit 4
Unit #: 3rd floor left side
Actual Rent: 850
Security Deposit $: 850
SqFt Total: 608
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Road Frontage Type
Road Frontage Length: 41
Property Features
Architectural Style: Complex
Community Features: None
Construction Materials: Stucco; Wood Siding
Cooling: None
Foundation Details: Slab
Heating: Baseboard; Electric
Levels: Three Or More
Listing Terms: Cash
Parking Features: Off Street; On Street; Unpaved
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Rubber; Wood
Sewer: Public Sewer
Showing Requirements: Showing Service
Water Source: Public
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.