520-542 New York Street, Dunmore, PA 18509 (MLS# 22-3703)

520-542 New York Street, Dunmore, PA 18509

$1,360,000
Property Type: Residential Income Lot Size (sq. ft.): 23,522 Status: Closed
Current Price: $1,360,000 List Date: 8/16/2022 Last Modified: 9/10/2024

Description

Well maintained 13-unit residential property in Dunmore. You will not find a better investment property for a long time! This is a very well-maintained property that has been expertly managed and has fantastic tenants. Net operating income is over $120k. Shown only to qualified buyers., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 6082.00, SqFt Fin - 2nd: 6082.00, Additional Info: Showings will not begin until Tuesday August 23rd. Sale includes parcel 14610010024 Lot Dimensions 48x120 Assessed value, acreage, and taxes represent the total of both parcels.

More Information MLS# 22-3703

Contract Information

Current Price: $1,360,000 Sold Price: $1,360,000 Status: Closed Listing Contract Date: 2022-08-16 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Martin Fangio and Julie Fangio

Location Tax and Legal

Street Number: 520-542 Street Name: New York Street Suffix: Street State: PA Postal Code: 18509 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 13 Above Grade Finished Area: 12164 Below Grade Finished Area: 600 Below Grade Unfinished Area: 5482 Living Area: 12764 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Parking Total: 21 Lot Size Acres: 0.54 Lot Size Dimensions: 149x120 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Well maintained 13-unit residential property in Dunmore. You will not find a better investment property for a long time! This is a very well-maintained property that has been expertly managed and has fantastic tenants. Net operating income is over $120k. Shown only to qualified buyers., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 6082.00, SqFt Fin - 2nd: 6082.00, Additional Info: Showings will not begin until Tuesday August 23rd. Sale includes parcel 14610010024 Lot Dimensions 48x120 Assessed value, acreage, and taxes represent the total of both parcels. Exclusions: No

Status Change Information

Major Change Timestamp: 2022-10-11T16:23:06Z Major Change Type: Status Change Status Change Timestamp: 2022-10-11 Purchase Contract Date: 2022-08-26 Close Date: 2022-10-11 Close Price: 1360000 Concessions: No

Income and Expenses

Gross Income: 146700 Water Expense: 3525.87

Unit 1

Unit #: 520 Actual Rent: 1100 Security Deposit $: 1650 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Central A/C

Unit 2

Unit #: 522 Actual Rent: 1250 Security Deposit $: 1875 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2022-09-30 Unit Remarks: Central A/C

Unit 3

Unit #: 524 Actual Rent: 1125 Security Deposit $: 1687.5 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: Central A/C

Unit 4

Unit #: 526 Actual Rent: 1125 Security Deposit $: 1687.5 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 528 Actual Rent: 945 SqFt Total: 1225 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2023-05-31 Unit Remarks: Central A/C

Unit 6

Unit #: 530 Actual Rent: 1125 Security Deposit $: 1800 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2021-09-01 Unit Remarks: Central A/C

Unit 7

Unit #: 532 Actual Rent: 945 Security Deposit $: 525 SqFt Total: 1225 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2023-07-31

Unit 8

Unit #: 534 Actual Rent: 825 Security Deposit $: 525 SqFt Total: 1225 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 9

Unit #: 540 Unit 1 Actual Rent: 870 Security Deposit $: 1250 SqFt Total: 925 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 10

Unit #: 540 Unit 2 Actual Rent: 875 Security Deposit $: 1250 SqFt Total: 925 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2022-10-30

Road Frontage Type

Road Frontage Length: 149

Property Features

Appliances: Range; Refrigerator Basement: Full Community Features: None Construction Materials: Stone; Vinyl Siding Cooling: Central Air; Other Heating: Electric; Forced Air; Hot Water; Natural Gas Laundry Features: Common Area; Gas Dryer Hookup Levels: One and One Half Listing Terms: Conventional Lot Features: Corner Lot; Level; Rectangular Lot Parking Features: Asphalt; Assigned; Off Street; Paved Patio And Porch Features: Deck; Porch Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Water Source: Public
Listing Office: CLASSIC PROPERTIES
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.
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