825 827 Electric Street, Scranton, PA 18509 (MLS# 23-477)
825 827 Electric Street, Scranton, PA 18509
$339,000
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Property Type:
Residential Income
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$339,000
List Date:
2/15/2023
Last Modified:
9/11/2024
Description
CALLING ALL INVESTORS! We are presenting you with the largest duplex seen on the market in the last decade in the historical and sought-after Green Ridge neighborhood. This stately property has it ALL: an amazing ROI, curb appeal, tip-top interiors, completely separate utilities, and wonderful long-term tenants. Current owners have done many updates. It is established & TURN KEY, grossing $41,400, while still having value-add and appreciation opportunity!
Here's a bonus: the current property manager is the best in town and will gladly continue managing if you need! Call your partners, lender, and/or agent now because you don't want to miss your window to own this.
*Showings start Saturday 2/18. Taxes listed are face value for 2023, can save $ by paying during discount period. The tax $ listed also includes the city garbage fee!*, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1600.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00, Additional Info: For basement - fin sqft is an estimate; basement has heat & was utilized as finished space by previous tenants but carpeting was removed prior to new tenant moving in (it was gross) and not replaced.
More Information MLS# 23-477
Contract Information
Current Price: $339,000
Sold Price: $339,000
Status: Closed
Listing Contract Date: 2023-02-15
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: 18509 SCRANTON LLC
Location Tax and Legal
Street Number: 825
Street Name: 827 Electric
Street Suffix: Street
State: PA
Postal Code: 18509
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Above Grade Finished Area: 5200
Below Grade Finished Area: 1000
Below Grade Unfinished Area: 800
Living Area: 6200
Enhanced Accessible: No
Year Built: 1902
New Construction YN: No
Lot Size Acres: 0.16
Lot Size Dimensions: 51X137X50X145
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: CALLING ALL INVESTORS! We are presenting you with the largest duplex seen on the market in the last decade in the historical and sought-after Green Ridge neighborhood. This stately property has it ALL: an amazing ROI, curb appeal, tip-top interiors, completely separate utilities, and wonderful long-term tenants. Current owners have done many updates. It is established & TURN KEY, grossing $41,400, while still having value-add and appreciation opportunity!
Here's a bonus: the current property manager is the best in town and will gladly continue managing if you need! Call your partners, lender, and/or agent now because you don't want to miss your window to own this.
*Showings start Saturday 2/18. Taxes listed are face value for 2023, can save $ by paying during discount period. The tax $ listed also includes the city garbage fee!*, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1600.00, SqFt Fin - Main: 1800.00, SqFt Fin - 2nd: 1800.00, Additional Info: For basement - fin sqft is an estimate; basement has heat & was utilized as finished space by previous tenants but carpeting was removed prior to new tenant moving in (it was gross) and not replaced.
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-03-20T14:58:44Z
Major Change Type: Status Change
Status Change Timestamp: 2023-03-20
Purchase Contract Date: 2023-02-21
Close Date: 2023-03-17
Close Price: 339000
Concessions: No
Buyer Financing: Cash
Income and Expenses
Gross Income: 41400
Unit 1
Unit #: 825
Actual Rent: 2050
Security Deposit $: 3075
SqFt Total: 2800
Baths Total: 3
Beds Total: 5
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2023-07-31
Unit 2
Unit #: 827
Actual Rent: 1400
Security Deposit $: 1200
SqFt Total: 2700
Baths Total: 1
Beds Total: 5
Kitchen YN: Yes
Living Room YN: Yes
Lease Expiration Date: 2023-09-30
Road Frontage Type
Road Frontage Length: 51
Property Features
Basement: Full
Community Features: None
Construction Materials: Aluminum Siding
Cooling: Window Unit(s)
Heating: Natural Gas; Steam
Laundry Features: Gas Dryer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Level
Parking Features: On Street; None; Other; See Remarks
Patio And Porch Features: Deck; Porch
Possession: Negotiable
Road Frontage Type: City Street
Roof: Composition; Wood
Sewer: Public Sewer
Showing Requirements: Appointment Only; Showing Service
Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.