970 Ridge Avenue, Scranton, PA 18510 (MLS# 21-1063)

970 Ridge Avenue, Scranton, PA 18510

$1,425,000

Property Type: Residential Income Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $1,425,000 List Date: 6/09/2021 Last Modified: 9/10/2024

Description

AMAZING 10 UNIT APARTMENT COMPLEX WITHIN WALKING DISTANCE TO GEISINGER COMMONWEALTH SCHOOL OF MEDICINE IN SCRANTON! This apartment complex was completely rebuilt and brand new in 2015. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete with all appliances and washer and dryer in each unit! Excellent location! Walking distance to Geisinger Commonwealth School of Medicine, Regional Hospital & Moses Taylor Hospital, markets, coffee shops, restaurants and shopping! This is the prime property for the serious investor!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 4000.00, SqFt Fin - Main: 4000.00, SqFt Fin - 2nd: 4000.00, Additional Info: 1st Lot: 40x150, 2nd Lot:45x43x65x79x90; Includes Tax ID#14618080027. Road Frontage total is 193 feet.

More Information MLS# 21-1063

Contract Information

Current Price: $1,425,000 Sold Price: $1,425,000 Status: Closed Listing Contract Date: 2021-03-29 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: ATR Properties Inc

Location Tax and Legal

Street Number: 970 Street Name: Ridge Street Suffix: Avenue State: PA Postal Code: 18510 County: Lackawanna Subdivision Name: None

General Property Information

Number Of Buildings: 1 Number Of Units Total: 10 Above Grade Finished Area: 12000 Living Area: 12000 Enhanced Accessible: No Year Built: 2015 New Construction YN: No Parking Total: 15 Lot Size Acres: 0.29 Lot Size Dimensions: See Additional Info 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: AMAZING 10 UNIT APARTMENT COMPLEX WITHIN WALKING DISTANCE TO GEISINGER COMMONWEALTH SCHOOL OF MEDICINE IN SCRANTON! This apartment complex was completely rebuilt and brand new in 2015. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete with all appliances and washer and dryer in each unit! Excellent location! Walking distance to Geisinger Commonwealth School of Medicine, Regional Hospital & Moses Taylor Hospital, markets, coffee shops, restaurants and shopping! This is the prime property for the serious investor!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 4000.00, SqFt Fin - Main: 4000.00, SqFt Fin - 2nd: 4000.00, Additional Info: 1st Lot: 40x150, 2nd Lot:45x43x65x79x90; Includes Tax ID#14618080027. Road Frontage total is 193 feet. Exclusions: No

Status Change Information

Major Change Timestamp: 2021-09-02T15:54:29Z Major Change Type: Status Change Status Change Timestamp: 2021-09-02 Purchase Contract Date: 2021-06-14 Close Date: 2021-09-01 Close Price: 1425000 Concessions: No

Income and Expenses

Gross Income: 133500 Water Expense: 7732.44

Unit 1

Unit #: 1 Actual Rent: 1100 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 2

Unit #: 2 Actual Rent: 975 SqFt Total: 950 Baths Total: 1 Beds Total: 1 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 3 Actual Rent: 925 SqFt Total: 950 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 4 Actual Rent: 1200 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 5 Actual Rent: 1300 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 6

Unit #: 6 Actual Rent: 1000 SqFt Total: 950 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: 7 Actual Rent: 1300 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 8

Unit #: 8 Actual Rent: 825 SqFt Total: 950 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 9

Unit #: 9 Actual Rent: 1200 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 10

Unit #: 10 Actual Rent: 1300 SqFt Total: 1200 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit Details

1 Bedroom: 4 2 Bedroom: 6

Road Frontage Type

Road Frontage Length: 40

Property Features

Appliances: Dishwasher; Range; Refrigerator Architectural Style: Complex Basement: Full Community Features: None Construction Materials: Stone; Vinyl Siding Cooling: Central Air Foundation Details: Slab Heating: Forced Air; Natural Gas Laundry Features: None Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Corner Lot; Level Parking Features: Asphalt; Off Street; On Street; Paved Possession: Negotiable Road Surface Type: Paved Roof: Asphalt Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only Water Source: Public

Listing Office: Re/Max Wayne

Last Updated: September - 10 - 2024

Information deemed reliable but not guaranteed.