600-602 Prescott Place, Scranton, PA 18510 (MLS# SC-251676)

600-602 Prescott Place, Scranton, PA 18510

New Listing

$599,000

Property Type: Residential Income Bedrooms: 10 Baths: 7 Square Footage: 4,450 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $599,000 List Date: 4/15/2025 Last Modified: 4/17/2025

Description

ATTENTION ALL SERIOUS INVESTORS!! Excellent 7 unit investment property! Located in the Hill Section of Scranton. Great income producing rental property. Six of the Seven units have been updated and or renovated. This includes 6 one bedroom apartments and 1 two bedroom apartment. All tenants are on a month to month lease. This is a commercial property. Electric (Heat) is paid by tenant. Landlord pays water and sewer as well as taxes and dumpster cost. Rent roll and expense sheet in listed under documents. Showings available Saturdays and Sundays 12-7 pm. Weekdays after 5pm-7pm.

More Information MLS# SC-251676

Contract Information

Current Price: $599,000 List Price: $599,000 Status: Active Listing Contract Date: 2025-04-17 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Listing Service: Full Service Seller Offers Concessions YN: No Owner Name: 602 Precott Ave Invest Corp

Location Tax and Legal

Street Number: 600-602 Street Name: Prescott Street Suffix: Place State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 7 Bedrooms Total: 10 Bathrooms Total: 7 Bathrooms Full: 7 Above Grade Finished Area: 6117 Below Grade Unfinished Area: 950 Living Area: 6117 Building Area Total: 4450 Enhanced Accessible: No Year Built: 1930 Year Built Source: Estimated New Construction YN: No Garage YN: No Lot Size Acres: 0.1 Lot Size Dimensions: 67X65 Lot Dimensions Source: Public Records Land Lease YN: No Association YN: No Waterfront YN: No Basement YN: Yes Furnished: Unfurnished Stories: 3 Units Furnished: None Fireplace YN: No Spa YN: No Senior Community YN: No Rent Control YN: No Auction YN: No List Price/SqFt: 97.92

Remarks and Miscellaneous

Public Remarks: ATTENTION ALL SERIOUS INVESTORS!! Excellent 7 unit investment property! Located in the Hill Section of Scranton. Great income producing rental property. Six of the Seven units have been updated and or renovated. This includes 6 one bedroom apartments and 1 two bedroom apartment. All tenants are on a month to month lease. This is a commercial property. Electric (Heat) is paid by tenant. Landlord pays water and sewer as well as taxes and dumpster cost. Rent roll and expense sheet in listed under documents. Showings available Saturdays and Sundays 12-7 pm. Weekdays after 5pm-7pm.

Status Change Information

Major Change Timestamp: 2025-04-15T21:01:40Z Major Change Type: New Listing Status Change Timestamp: 2025-04-15

Income and Expenses

Annual Total Expense: 23410.78 Electric Expense: 2184 Insurance Expense: 4144 Trash Expense: 2184

Unit 1

Unit #: 600 first floor Actual Rent: 1050 Security Deposit $: 850 SqFt Total: 805 Baths Total: 1 Beds Total: 2 Rooms Total: 4 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 2

Unit #: 604 First Fl Actual Rent: 800 Security Deposit $: 700 SqFt Total: 819 Baths Total: 1 Beds Total: 1 Rooms Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 3

Unit #: 602 2N Actual Rent: 900 Security Deposit $: 900 SqFt Total: 655 Baths Total: 1 Beds Total: 1 Rooms Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 4

Unit #: 602 2N Actual Rent: 950 Security Deposit $: 950 SqFt Total: 787 Baths Total: 1 Beds Total: 1 Rooms Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 5

Unit #: 603 3S Actual Rent: 900 Security Deposit $: 900 SqFt Total: 787 Baths Total: 1 Beds Total: 1 Rooms Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 6

Unit #: 602 3N Actual Rent: 950 Security Deposit $: 950 SqFt Total: 787 Baths Total: 1 Beds Total: 2 Rooms Total: 4 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Unit 7

Unit #: 602 3N Actual Rent: 950 Security Deposit $: 950 SqFt Total: 637 Baths Total: 1 Beds Total: 2 Rooms Total: 4 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: Yes Unit Remarks: MONTH TO MONTH

Meter Information

Number Of Separate Electric Meters: 8

Property Features

Appliances: Electric Range; Refrigerator Architectural Style: Other Basement: Full; Unfinished Common Walls: 2+ Common Walls Community Features: None Construction Materials: Aluminum Siding Cooling: None Current Financing: None Current Use: Multi-Family Electric: 200 or Less Amp Service Exterior Features: None Fencing: None Financial Data Source: Owner; Property Manager Fireplace Features: None Flooring: Laminate; Vinyl Foundation Details: Block; Combination; Stone Frontage Type: See Remarks Heating: Electric Income Includes: Rent Only Interior Features: High Ceilings Laundry Features: None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot Operating Expense Includes: Trash; Utilities; Water/Sewer; Other Other Equipment: None Other Structures: None Owner Pays: Electricity; Insurance; Taxes; Trash Collection Parking Features: On Street; Outside Patio And Porch Features: Porch Pool Features: None Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Rubber; Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; Combination Lock Box Spa Features: None Special Listing Conditions: Standard Structure Type: Multi Family Tenant Pays: Electricity Utilities: Electricity Connected View: None Water Source: None Window Features: Wood Frames

Listing Office: Paramount Real Estate

Last Updated: April - 17 - 2025

Information deemed reliable but not guaranteed.