645-647 Madison Avenue, Scranton, PA 18510 (MLS# 22-595)

645-647 Madison Avenue, Scranton, PA 18510

$433,000

Property Type: Residential Income Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $433,000 List Date: 2/23/2022 Last Modified: 9/10/2024

Description

Four unit investment property located within a few hundred feet of Commonwealth Medical College, two hospitals, and The University of Scranton. Great return on investment with upside to get much higher rents., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1600.00, SqFt Fin - 2nd: 1600.00, Additional Info: The property at 716 718 Pine Street is also included in the sale. Sellers do not own the lot directly behind the building. There are two tax id numbers for this listing. The first tax id # 14677020013 deed bk/pg 2009-30959 The second tax id number is 14677020015 deed bk/pg 2009-30960

More Information MLS# 22-595

Contract Information

Current Price: $433,000 Sold Price: $433,000 Status: Closed Listing Contract Date: 2022-02-23 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: MCWEAVE LLC

Location Tax and Legal

Street Number: 645-647 Street Name: Madison Street Suffix: Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 4 Above Grade Finished Area: 3200 Below Grade Unfinished Area: 1600 Living Area: 3200 Enhanced Accessible: No Year Built: 1950 New Construction YN: No Parking Total: 6 Lot Size Acres: 0.07 Lot Size Dimensions: 65X50 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: Four unit investment property located within a few hundred feet of Commonwealth Medical College, two hospitals, and The University of Scranton. Great return on investment with upside to get much higher rents., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 1600.00, SqFt Fin - 2nd: 1600.00, Additional Info: The property at 716 718 Pine Street is also included in the sale. Sellers do not own the lot directly behind the building. There are two tax id numbers for this listing. The first tax id # 14677020013 deed bk/pg 2009-30959 The second tax id number is 14677020015 deed bk/pg 2009-30960 Exclusions: No

Status Change Information

Major Change Timestamp: 2022-04-28T19:19:54Z Major Change Type: Status Change Status Change Timestamp: 2022-04-28 Purchase Contract Date: 2022-03-05 Close Date: 2022-04-28 Close Price: 433000 Concessions: No Concessions Amount: 2500

Income and Expenses

Gross Income: 43200 Water Expense: 2400

Unit 1

Unit #: 645 Front Actual Rent: 900 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 647 Front Actual Rent: 900 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 645 Rear Actual Rent: 900 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 647 Rear Actual Rent: 900 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes

Road Frontage Type

Road Frontage Length: 65

Property Features

Appliances: Dishwasher; Range; Refrigerator Basement: Full Community Features: None Construction Materials: Stucco Cooling: Ceiling Fan(s); Central Air Heating: Electric; Forced Air Laundry Features: None Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Corner Lot; Level Parking Features: Paved; None Possession: Negotiable Road Frontage Type: City Street Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service Water Source: Public

Listing Office: Christian Saunders Real Estate

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.