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.