813 815 Madison Avenue, Scranton, PA 18509 (MLS# 21-89)

813 815 Madison Avenue, Scranton, PA 18509

$473,000

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

Current Price: $473,000 List Date: 2/09/2021 Last Modified: 9/10/2024

Description

This is a structurally sound, well maintained, Commercial income property encompassing 2 seperate buildings. This is a high net income opportunity ( net annual income is approximately $107k. The Gross and net income are annual figures. Each unit has a common living area, kitchen and bath. There are multiple bedrooms in each unit. (Please see the Revenue and expense reports in ''Documents'' Also the Rental registration forms are in ''Documents''. The buildings are fully furnished and are included. The price reflects the value of furnishings. All units are currently occupied and rental viability is enhanced due to close proximity to the Scranton hospital network and the Geisinger Commonwealth School of Medicine,, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1680.00, SqFt Fin - Main: 2204.00, SqFt Fin - 2nd: 1680.00, Additional Info: Owner or listing agent will be present for all showings. Will require 24 hours notice for showings The owner also owns 801 Madison ( 2 unit with 7 rental beds $220k ) These properties can be sold in tandem for a negotiated price

More Information MLS# 21-89

Contract Information

Current Price: $473,000 Sold Price: $473,000 Status: Closed Listing Contract Date: 2021-01-12 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: Flor Elena Rospigliosi

Location Tax and Legal

Street Number: 813 Street Name: 815 Madison Street Suffix: Avenue State: PA Postal Code: 18509 County: Lackawanna

General Property Information

Number Of Buildings: 2 Number Of Units Total: 8 Above Grade Finished Area: 5564 Below Grade Finished Area: 2204 Living Area: 7768 Enhanced Accessible: No Year Built: 1930 New Construction YN: No Garage Spaces: 3 Parking Total: 3 Lot Size Acres: 0.18 Lot Size Dimensions: 50X160 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: This is a structurally sound, well maintained, Commercial income property encompassing 2 seperate buildings. This is a high net income opportunity ( net annual income is approximately $107k. The Gross and net income are annual figures. Each unit has a common living area, kitchen and bath. There are multiple bedrooms in each unit. (Please see the Revenue and expense reports in ''Documents'' Also the Rental registration forms are in ''Documents''. The buildings are fully furnished and are included. The price reflects the value of furnishings. All units are currently occupied and rental viability is enhanced due to close proximity to the Scranton hospital network and the Geisinger Commonwealth School of Medicine,, Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1680.00, SqFt Fin - Main: 2204.00, SqFt Fin - 2nd: 1680.00, Additional Info: Owner or listing agent will be present for all showings. Will require 24 hours notice for showings The owner also owns 801 Madison ( 2 unit with 7 rental beds $220k ) These properties can be sold in tandem for a negotiated price Exclusions: No

Status Change Information

Major Change Timestamp: 2021-05-14T15:03:31Z Major Change Type: Status Change Status Change Timestamp: 2021-05-14 Purchase Contract Date: 2021-03-22 Close Date: 2021-05-13 Close Price: 473000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 151000

Unit 1

Unit #: 1 Actual Rent: 945 SqFt Total: 1102 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: W/D coin op[erated

Unit 2

Unit #: 2 Actual Rent: 1608 SqFt Total: 1102 Baths Total: 1 Beds Total: 3 Kitchen YN: Yes Living Room YN: Yes Unit Remarks: W/D coin operated

Unit 3

Unit #: 3 Actual Rent: 1008 SqFt Total: 840 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: No Unit Remarks: rent reflect per bed

Unit 4

Unit #: 4 Actual Rent: 1015 SqFt Total: 840 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 5 Actual Rent: 1520 SqFt Total: 840 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: rent reflect per bed

Unit 6

Unit #: 6 Actual Rent: 1565 SqFt Total: 840 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: rent reflect per bed

Unit 7

Unit #: 7 Actual Rent: 1500 SqFt Total: 1050 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: rent reflect per bed

Unit 8

Unit #: 8 Actual Rent: 1465 SqFt Total: 1050 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Unit Remarks: rent reflect per bed

Road Frontage Type

Road Frontage Length: 50

Property Features

Appliances: Range; Refrigerator Architectural Style: Multiple Buildings Association Amenities: Coin Laundry Basement: Full Community Features: None Construction Materials: Aluminum Siding; Wood Siding Cooling: Wall Unit(s) Heating: Natural Gas Laundry Features: Common Area; None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Level; Rectangular Lot Parking Features: Asphalt; Attached; Garage; On Street Patio And Porch Features: Deck; Porch Possession: Negotiable Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Water Source: Public

Listing Office: ERA One Source Realty

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.