722 724 726 728 Cedar, Scranton, PA 18505 (MLS# SC-5398)
722 724 726 728 Cedar, Scranton, PA 18505
$475,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
4
Lot Size (sq. ft.):
11,761
Status:
Active
Current Price:
$475,000
List Date:
10/16/2024
Last Modified:
1/08/2025
Description
A fantastic opportunity awaits the buyer of this mixed-use property. Commercial store front and 2 residential apartments. The property has a large parcel with a paved parking area and a large rear yard. Many options await the buyer of this property. It is unique with a very large lot, and location to growing commercial properties. Convenient to public transportation, and downtown Scranton. Also easy access to route 81, 84, 380 and 80. Don't delay, call Jeff Today.
More Information MLS# SC-5398
Contract Information
Current Price: $475,000
List Price: $475,000
Status: Active
Listing Contract Date: 2024-10-15
Property Sub Type: Triplex
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Seller Offers Concessions YN: No
Owner Name: lucineia Viegas Da Costa
Location Tax and Legal
Street Number: 722
Street Name: 724 726 728 Cedar
State: PA
Postal Code: 18505
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: 1
Above Grade Finished Area: 3884
Living Area: 3884
Enhanced Accessible: No
Year Built: 1940
Year Built Source: Owner
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.27
Lot Size Dimensions: 60X150
Waterfront YN: No
Basement YN: No
Stories: 2
Units Furnished: None
Fireplace YN: No
Spa YN: No
Senior Community YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 122.3
Remarks and Miscellaneous
Public Remarks: A fantastic opportunity awaits the buyer of this mixed-use property. Commercial store front and 2 residential apartments. The property has a large parcel with a paved parking area and a large rear yard. Many options await the buyer of this property. It is unique with a very large lot, and location to growing commercial properties. Convenient to public transportation, and downtown Scranton. Also easy access to route 81, 84, 380 and 80. Don't delay, call Jeff Today.
Status Change Information
Major Change Timestamp: 2025-01-08T21:19:05Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-01-08T21:19:05Z
Status Change Timestamp: 2024-10-15
Income and Expenses
Annual Total Expense: 14689
Insurance Expense: 1200
Maintenance Expense: 1500
Other Expense: 5000
Professional Management Expense: 988
Vacancy Allowance Rate: 988
Unit 1
Unit #: 722
Actual Rent: 1500
SqFt Total: 1156
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 724 1st floor
Actual Rent: 1500
SqFt Total: 1156
Baths Total: 1
Dining Room YN: No
Kitchen YN: No
Living Room YN: No
Occupied YN: Yes
Unit 3
Unit #: 724 2nd floor
Actual Rent: 1200
SqFt Total: 1572
Baths Total: 2
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Details
Storefront: 724
Meter Information
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 2
Property Features
Architectural Style: Complex
Common Walls: 2+ Common Walls
Community Features: None
Construction Materials: Aluminum Siding; Concrete; Frame
Cooling: None
Current Financing: Conventional; FHA 203(k)
Current Use: Commercial; Multi-Family
Fencing: Chain Link; Partial
Financial Data Source: Owner
Fireplace Features: None
Flooring: Carpet; Laminate; Wood
Foundation Details: Stone
Heating: Natural Gas; Steam
Income Includes: Rent Only
Interior Features: Eat-in Kitchen; High Ceilings
Laundry Features: None
Levels: Two
Listing Terms: Cash; Conventional; FHA
Lot Features: Back Yard; City Lot; Cleared; Few Trees; Near Public Transit; Paved; Sloped Down
Owner Pays: Gas; Sewer; Water
Parking Features: Alley Access; Drive Through; Driveway; Off Street; On Site; On Street; Private
Patio And Porch Features: Awning(s); Front Porch; Rear Porch
Pool Features: None
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Shingle
Security Features: Building Security
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; No Sign; Occupied
Spa Features: None
Structure Type: Mixed Use; Triplex
Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available
View: Neighborhood
Listing Office: Jeff Davis Real Estate LLC
Last Updated: January - 08 - 2025
Information deemed reliable but not guaranteed.