914-916 Madison Avenue, Scranton, PA 18510 (MLS# SC-262)
914-916 Madison Avenue, Scranton, PA 18510
$460,000
Property Type:
Residential Income
Bedrooms:
10
Baths:
6
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$460,000
List Date:
12/12/2023
Last Modified:
9/11/2024
Description
Diversify your investment portfolio with this six-unit property!
Offering two units with 1 bedroom and 1 bath, as well as four units featuring 2 bedrooms and 1 bath, this investment is an opportunity for building wealth and expanding your investment portfolio.
Let this property be the cornerstone of your wealth-building journey!
More Information MLS# SC-262
Contract Information
Current Price: $460,000
Sold Price: $460,000
Status: Closed
Listing Contract Date: 2023-12-12
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: 616 INVESTMENTS LLC
Location Tax and Legal
Street Number: 914-916
Street Name: Madison
Street Suffix: Avenue
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Units Total: 6
Bedrooms Total: 10
Bathrooms Total: 6
Bathrooms Full: 6
Above Grade Finished Area: 4576
Living Area: 4576
Enhanced Accessible: No
Year Built: 1920
Year Built Source: Estimated
New Construction YN: No
Lot Size Acres: 0.15
Lot Size Dimensions: 40X160
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 100.52
Sold Price/SqFt: 100.52
Remarks and Miscellaneous
Public Remarks: Diversify your investment portfolio with this six-unit property!
Offering two units with 1 bedroom and 1 bath, as well as four units featuring 2 bedrooms and 1 bath, this investment is an opportunity for building wealth and expanding your investment portfolio.
Let this property be the cornerstone of your wealth-building journey!
Status Change Information
Major Change Timestamp: 2024-06-17T18:48:37Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-02T15:44:18Z
Status Change Timestamp: 2024-06-17
Purchase Contract Date: 2024-04-17
Close Date: 2024-06-17
Close Price: 460000
Concessions: Yes
Buyer Financing: Other
Concessions Amount: 10000
Income and Expenses
Annual Total Expense: 9069
Gross Income: 60000
Insurance Expense: 1850
New Taxes Expense: 4819
Water Expense: 2400
Unit 1
Unit #: 1
Actual Rent: 850
SqFt Total: 832
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: 2nd Right
Unit 2
Unit #: 2
Actual Rent: 900
SqFt Total: 832
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: 2nd Left
Unit 3
Unit #: 3
Actual Rent: 800
SqFt Total: 400
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Top Left
Unit 4
Unit #: 4
Actual Rent: 750
SqFt Total: 832
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Top Right
Unit 5
Unit #: 5
Actual Rent: 850
SqFt Total: 832
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Right Bottom
Unit 6
Unit #: 6
Actual Rent: 850
SqFt Total: 832
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Left Side
Property Features
Basement: Full
Construction Materials: Vinyl Siding
Cooling: None
Current Financing: Conventional; Other
Current Use: Multi-Family
Heating: Electric
Listing Terms: Cash; Conventional
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Shingle
Sewer: Public Sewer
Showing Requirements: Occupied
Structure Type: Multi Family
Water Source: Public
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.