514-516 N 514-516-518 N Irving Avenue, Scranton, PA 18509 (MLS# 21-1787)

514-516 N 514-516-518 N Irving Avenue, Scranton, PA 18509

$339,000

Property Type: Residential Income Lot Size (sq. ft.): 4,356 Status: Closed

Current Price: $339,000 List Date: 5/13/2021 Last Modified: 9/10/2024

Description

Attention Investors. 7 units included in this package deal. Large 3 unit in the Front and 2 - 2 unit buildings in the rear. Properties are close to The University of Scranton and area hospitals. Long term tenants and great money maker. The 3 buildings are being sold as a package deal with the rear of 514-516 N Irving which includes 2 duplexes. Second Tax number is 1570905002801. Both parcels are on one deed. 3 Buildings, 2 Tax numbers and 1 deed., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1400.00, SqFt Fin - 2nd: 1400.00, Additional Info: Please schedule with ShowingTime. Showing times available Wednesday 4-6pm, Saturday 11-3pm. All buyers need pre-qualification letter. All information is approximate not warranted or guaranteed. All showing agents, potential buyers are required to adhere to the Governor's Guidance for Real Estate and CDC Guidlines.

More Information MLS# 21-1787

Contract Information

Current Price: $339,000 Sold Price: $339,000 Status: Closed Listing Contract Date: 2021-05-06 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Richard McDonald

Location Tax and Legal

Street Number: 514-516 Street Direction Prefix: N Street Name: 514-516-518 N Irving Street Suffix: Avenue State: PA Postal Code: 18509 County: Lackawanna

General Property Information

Number Of Buildings: 3 Number Of Units Total: 7 Above Grade Finished Area: 2800 Below Grade Unfinished Area: 1400 Living Area: 2800 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Lot Size Acres: 0.1 Lot Size Dimensions: 43X100 Land Lease YN: Yes Waterfront YN: No Basement YN: No Stories: 2 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Attention Investors. 7 units included in this package deal. Large 3 unit in the Front and 2 - 2 unit buildings in the rear. Properties are close to The University of Scranton and area hospitals. Long term tenants and great money maker. The 3 buildings are being sold as a package deal with the rear of 514-516 N Irving which includes 2 duplexes. Second Tax number is 1570905002801. Both parcels are on one deed. 3 Buildings, 2 Tax numbers and 1 deed., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1400.00, SqFt Fin - 2nd: 1400.00, Additional Info: Please schedule with ShowingTime. Showing times available Wednesday 4-6pm, Saturday 11-3pm. All buyers need pre-qualification letter. All information is approximate not warranted or guaranteed. All showing agents, potential buyers are required to adhere to the Governor's Guidance for Real Estate and CDC Guidlines. Exclusions: No

Status Change Information

Major Change Timestamp: 2021-07-27T19:22:54Z Major Change Type: Status Change Status Change Timestamp: 2021-07-27 Purchase Contract Date: 2021-05-14 Close Date: 2021-07-27 Close Price: 339000 Concessions: No Buyer Financing: Cash

Income and Expenses

Gross Income: 58800 Water Expense: 10032

Unit 1

Unit #: Unit 1 first floor Actual Rent: 725 Security Deposit $: 725 SqFt Total: 700 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Unit 2

Unit #: Unit 2 First floor Actual Rent: 625 Security Deposit $: 625 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: Unit 3 Second floor Actual Rent: 675 Security Deposit $: 675 SqFt Total: 700 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Unit 4

Unit #: Rear 514 Actual Rent: 675 Security Deposit $: 675 SqFt Total: 700 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Unit 5

Unit #: Rear 516 Actual Rent: 675 Security Deposit $: 675 SqFt Total: 700 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Unit 6

Unit #: Rear 518 Actual Rent: 800 Security Deposit $: 800 SqFt Total: 800 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Unit 7

Unit #: Rear 518 2nd floor Actual Rent: 800 Security Deposit $: 800 SqFt Total: 800 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-06-30

Road Frontage Type

Road Frontage Length: 43

Property Features

Appliances: Range; Refrigerator Architectural Style: Multiple Buildings Basement: Full Community Features: None Construction Materials: Aluminum Siding; Stone; Vinyl Siding Cooling: Window Unit(s) Heating: Baseboard; Electric; Natural Gas Levels: One and One Half Listing Terms: Cash; Conventional Parking Features: On Street; None Possession: Negotiable Road Surface Type: Paved Roof: Asphalt; Rubber Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Water Source: Public

Listing Office: C21 Jack Ruddy Real Estate

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.