701 Sibley Avenue, Old Forge, PA 18518 (MLS# 18-1251)

701 Sibley Avenue, Old Forge, PA 18518

$480,000

Property Type: Residential Income Lot Size (sq. ft.): 21,780 Status: Closed

Current Price: $480,000 List Date: 4/03/2018 Last Modified: 12/06/2024

Description

A very rare investment opportunity in Old Forge.. 9 unit, fully rented property on a corner 1/2 acre lot. Units are very well maintained. The property has ample off-street parking and a 1 car garage (currently rented, but not listed on income)., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 4896.00, SqFt Fin - 2nd: 4896.00

More Information MLS# 18-1251

Contract Information

Current Price: $480,000 Sold Price: $480,000 Status: Closed Listing Contract Date: 2018-04-03 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Florida Penn Realty, LLC.

Location Tax and Legal

Street Number: 701 Street Name: Sibley Street Suffix: Avenue State: PA Postal Code: 18518 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 9 Above Grade Finished Area: 9792 Living Area: 9792 Enhanced Accessible: No Year Built: 1940 New Construction YN: No Garage Spaces: 1 Parking Total: 16 Lot Size Acres: 0.5 Lot Size Dimensions: 140X150 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: A very rare investment opportunity in Old Forge.. 9 unit, fully rented property on a corner 1/2 acre lot. Units are very well maintained. The property has ample off-street parking and a 1 car garage (currently rented, but not listed on income)., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 4896.00, SqFt Fin - 2nd: 4896.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2018-07-16T14:33:28Z Major Change Type: Status Change Status Change Timestamp: 2018-07-16 Purchase Contract Date: 2018-05-17 Close Date: 2018-07-13 Close Price: 480000

Income and Expenses

Gross Income: 70200 Sewer Expense: 2880 Water Expense: 3908

Unit 1

Unit #: 701 Actual Rent: 600 Security Deposit $: 600 SqFt Total: 706 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-01

Unit 2

Unit #: 703 Actual Rent: 600 Security Deposit $: 600 SqFt Total: 706 Baths Total: 1 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2019-04-01

Unit 3

Unit #: 703 B Actual Rent: 600 Security Deposit $: 600 SqFt Total: 1120 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-31

Unit 4

Unit #: 705 Actual Rent: 550 Security Deposit $: 495 SqFt Total: 928 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-31

Unit 5

Unit #: 707 Actual Rent: 600 Security Deposit $: 600 SqFt Total: 730 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-05-01

Unit 6

Unit #: 709 Actual Rent: 700 SqFt Total: 730 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: 711 Actual Rent: 750 Security Deposit $: 750 SqFt Total: 1088 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-31

Unit 8

Unit #: 713 Actual Rent: 700 SqFt Total: 1088 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-31

Unit 9

Unit #: 715 Actual Rent: 750 Security Deposit $: 750 SqFt Total: 1088 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Lease Expiration Date: 2018-12-31

Road Frontage Type

Road Frontage Length: 140

Property Features

Appliances: Range; Refrigerator Architectural Style: Complex Community Features: None Construction Materials: Asbestos; Stucco Cooling: None Foundation Details: Slab Heating: Baseboard; Electric; Hot Water; Natural Gas Laundry Features: None Levels: One and One Half Listing Terms: Cash Lot Features: Corner Lot; Level Parking Features: Detached; Off Street; None Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Flat; Wood Sewer: Public Sewer Showing Requirements: Appointment Only Water Source: Public

Listing Office: NASSER REAL ESTATE, INC.

Last Updated: December - 06 - 2024

Information deemed reliable but not guaranteed.