509 511 513 Beech Street, Scranton, PA 18505 (MLS# 19-296)

509 511 513 Beech Street, Scranton, PA 18505

$650,000
Property Type: Residential Income Lot Size (sq. ft.): 9,148 Status: Closed
Current Price: $650,000 List Date: 1/24/2019 Last Modified: 9/11/2024

Description

Great investment properties! Store front Tenants include a Grocery Store and Barber Shop. 509 Beech St building features 6 apartments along with 2 store fronts and 4 apartments in 513 Beech Street building. On site parking for 10 cars, plus on street parking. Both properties are in excellent condition and currently fully rented with all month to month leases with the exception of the Grocery Store (lease expires 10/21/21)., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 2673.00, SqFt Fin - Main: 2648.00, SqFt Fin - 2nd: 2673.00, Additional Info: Landlord - Electric for House Meter (Inc: Laundry, Lights, Outside Lights). Sewer/Water Combined Tenants - Electric

More Information MLS# 19-296

Contract Information

Current Price: $650,000 Sold Price: $650,000 Status: Closed Listing Contract Date: 2019-01-24 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Green Tree Realty Partners LLC

Location Tax and Legal

Street Number: 509 Street Name: 511 513 Beech Street Suffix: Street State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 12 Above Grade Finished Area: 7994 Below Grade Unfinished Area: 2648 Living Area: 7994 Enhanced Accessible: No Year Built: 1950 New Construction YN: No Parking Total: 10 Lot Size Acres: 0.21 Lot Size Dimensions: 190X50 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: Great investment properties! Store front Tenants include a Grocery Store and Barber Shop. 509 Beech St building features 6 apartments along with 2 store fronts and 4 apartments in 513 Beech Street building. On site parking for 10 cars, plus on street parking. Both properties are in excellent condition and currently fully rented with all month to month leases with the exception of the Grocery Store (lease expires 10/21/21)., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 2673.00, SqFt Fin - Main: 2648.00, SqFt Fin - 2nd: 2673.00, Additional Info: Landlord - Electric for House Meter (Inc: Laundry, Lights, Outside Lights). Sewer/Water Combined Tenants - Electric Exclusions: No

Status Change Information

Major Change Timestamp: 2019-09-29T13:32:54Z Major Change Type: Status Change Price Change Timestamp: 2019-07-26T19:48:20Z Status Change Timestamp: 2019-09-29 Purchase Contract Date: 2019-08-19 Close Date: 2019-09-27 Close Price: 650000

Income and Expenses

Gross Income: 100227 Water Expense: 11236.64

Unit 1

Unit #: 513 Beech Unit 1 Actual Rent: 650 Security Deposit $: 650 SqFt Total: 551 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 2

Unit #: 513 Beech Unit 2 Actual Rent: 650 Security Deposit $: 650 SqFt Total: 550 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 3

Unit #: 513 Beech Unit 3 Actual Rent: 650 Security Deposit $: 650 SqFt Total: 551 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 4

Unit #: 513 Beech Unit 4 Actual Rent: 550 Security Deposit $: 550 SqFt Total: 540 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes

Unit 5

Unit #: 509 Beech - Barber Actual Rent: 700 Security Deposit $: 700 SqFt Total: 1078 Baths Total: 1 Lease Expiration Date: 2020-03-01

Unit 6

Unit #: 509 Beech - Grocery Actual Rent: 795 Security Deposit $: 795 SqFt Total: 1013 Baths Total: 1 Lease Expiration Date: 2021-10-21 Unit Remarks: Stock Room w/Sink

Unit 7

Unit #: 509 Beech - Unit 1 Actual Rent: 625 Security Deposit $: 625 SqFt Total: 559 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 8

Unit #: 509 Beech - Unit 2 Actual Rent: 750 Security Deposit $: 750 SqFt Total: 917 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 9

Unit #: 509 Beech - Unit 3 Actual Rent: 610 Security Deposit $: 610 SqFt Total: 588 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit 10

Unit #: 509 Beech - Unit 4 Actual Rent: 800 Security Deposit $: 800 SqFt Total: 630 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: M/M Lease

Unit Details

1 Bedroom: 7 2 Bedroom: 2 3 Bedroom: 1 Storefront: 2

Road Frontage Type

Road Frontage Length: 50

Property Features

Appliances: Range; Refrigerator Architectural Style: Multiple Buildings Association Amenities: Coin Laundry Basement: Full Community Features: None Construction Materials: Brick Cooling: Ceiling Fan(s) Heating: Electric; Natural Gas Laundry Features: Common Area Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot; Level Parking Features: On Street; Paved; None Patio And Porch Features: Deck; Porch Possession: Negotiable Road Surface Type: Paved Roof: Rubber Sewer: Public Sewer Showing Requirements: Appointment Only; Showing Service Water Source: Public
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.
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