542 Taylor Avenue, Scranton, PA 18510 (MLS# 22-3459)

542 Taylor Avenue, Scranton, PA 18510

$480,000

Property Type: Residential Income Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $480,000 List Date: 8/03/2022 Last Modified: 9/11/2024

Description

INVESTORS DREAM!!! 6 Units fully rented. PROFITABLE property. Beautifully maintained. Rents can easily be raised to $1,000 per month or more. Hardwood floors, Secure building, wired Fire Alarm on each floor. Lovely two bedroom apartments. The 6th apartment is a 1 Bdrm. Tenants pay their own cooking gas and water. A MUST SEE!!! Very low maintenance!!!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1700.00, SqFt Fin - 2nd: 1700.00, Additional Info: Landlord pays Heat - $289.00 per month Water for heat $70.00 per month Taxes approx $7,000 Trash $121 per month Private company Lawn $40 twice per month in summer Insurance $1,100 per year

More Information MLS# 22-3459

Contract Information

Current Price: $480,000 Sold Price: $480,000 Status: Closed Listing Contract Date: 2022-08-01 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: 542 Taylor Avenue, LLC

Location Tax and Legal

Street Number: 542 Street Name: Taylor Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 6 Above Grade Finished Area: 3400 Below Grade Finished Area: 1200 Below Grade Unfinished Area: 500 Living Area: 4600 Enhanced Accessible: No Year Built: 1916 New Construction YN: No Lot Size Acres: 0.18 Lot Size Dimensions: 50x160 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: INVESTORS DREAM!!! 6 Units fully rented. PROFITABLE property. Beautifully maintained. Rents can easily be raised to $1,000 per month or more. Hardwood floors, Secure building, wired Fire Alarm on each floor. Lovely two bedroom apartments. The 6th apartment is a 1 Bdrm. Tenants pay their own cooking gas and water. A MUST SEE!!! Very low maintenance!!!, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1700.00, SqFt Fin - 2nd: 1700.00, Additional Info: Landlord pays Heat - $289.00 per month Water for heat $70.00 per month Taxes approx $7,000 Trash $121 per month Private company Lawn $40 twice per month in summer Insurance $1,100 per year Exclusions: No

Status Change Information

Major Change Timestamp: 2022-09-19T14:46:05Z Major Change Type: Status Change Status Change Timestamp: 2022-09-19 Purchase Contract Date: 2022-09-02 Close Date: 2022-09-16 Close Price: 480000 Concessions: No Buyer Financing: Cash

Income and Expenses

Gross Income: 55800 Water Expense: 840

Unit 1

Unit #: 1R Actual Rent: 875 Security Deposit $: 875 SqFt Total: 500 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 1L Actual Rent: 950 Security Deposit $: 950 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 2R Actual Rent: 750 Security Deposit $: 750 SqFt Total: 500 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 2L Actual Rent: 750 Security Deposit $: 750 SqFt Total: 500 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: Basement Actual Rent: 725 Security Deposit $: 725 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 6

Unit #: 6 Actual Rent: 600 Security Deposit $: 600 SqFt Total: 500 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit Details

1 Bedroom: 2 2 Bedroom: 4

Road Frontage Type

Road Frontage Length: 50

Property Features

Basement: Full Community Features: None Construction Materials: Stucco Cooling: None Heating: Electric; Steam Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Gravel; On Street Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Text Listing Agent Water Source: Public

Listing Office: Keller Williams Real Estate-Clarks Summit

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.