825 827 Electric Street, Scranton, PA 18509 (MLS# 23-477)

825 827 Electric Street, Scranton, PA 18509

$339,000
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.