1701 1705 Pittston, Scranton, PA 18505
$279,000
Property Type:
Residential Income
Bedrooms:
9
Baths:
4
Lot Size (sq. ft.):
6,098
Status:
Pending
Current Price:
$279,000
List Date:
4/03/2024
Last Modified:
4/17/2024
Description
*OFFER ACCEPTED! BACKUP OFFERS WILL BE ACCEPTED* Fantastic opportunity to own a 4 UNIT property in the heart of Scranton! Fully occupied with great tenants & a rental income of $3679/ mo. These are 2 separate buildings with a 2 car garage. ( 1 deed/ 1 tax record). Furnace is shared in 1701 building, Separate electric heat 1703/1705 building
More Information MLS# SC-1808
Contract Information
Current Price: $279,000
List Price: $279,000
Status: Pending
Listing Contract Date: 2024-04-03
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation: 2.5
Sub Agency Compensation Type: %
Transaction Broker Compensation: 2
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: COPA PROPERTIES LLC
Location, Tax, and Legal
Street Number: 1701
Street Name: 1705 Pittston
City Region: South Scranton
Municipality: Scranton City
State: PA
Postal Code: 18505
County: Lackawanna
High School District: Scranton
County Tax Amount: 990.76
Municipal Tax Amount: 799.41
School Tax Amount: 2291.65
Tax Annual Amount: 4081.83
Tax Year: 2023
Tax Information: Available
Tax Assessed Value: 15500
Tax Other Annual Assessment Amount: 15500
Parcel Number: 16711010008
Zoning: R2
Directions: Proceed to Pittston ave. Properties are located on the corner of Pittston and Pear St across from the magistrate.
Tax Book Number: 201814172
General Property Information
Number Of Units Total: 4
Bedrooms Total: 9
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 4408
Living Area: 4408
Enhanced Accessible: No
Year Built: 1935
Year Built Source: Public Records
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Lot Size Acres: 0.14
Lot Size Dimensions: 70X90
Lot Dimensions Source: Public Records
Land Lease YN: No
Association YN: No
Basement YN: Yes
Stories: 2
Units Furnished: None
Fireplace YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 63.29
Remarks and Miscellaneous
Public Remarks: *OFFER ACCEPTED! BACKUP OFFERS WILL BE ACCEPTED* Fantastic opportunity to own a 4 UNIT property in the heart of Scranton! Fully occupied with great tenants & a rental income of $3679/ mo. These are 2 separate buildings with a 2 car garage. ( 1 deed/ 1 tax record). Furnace is shared in 1701 building, Separate electric heat 1703/1705 building
Inclusions: washer and dryer - 1701 2nd floor, all fridges and stoves.
Exclusions: n/a
Status Change Information
Major Change Timestamp: 2024-04-17T16:17:56Z
Major Change Type: Status Change
Status Change Timestamp: 2024-04-17
Purchase Contract Date: 2024-04-17
Income and Expenses
Cap Rate: 9.94
Gross Income: 44148
Heat Expense: 4079
Insurance Expense: 3000
Net Operating Income: 27754
New Taxes Expense: 4081
Sewer Expense: 5234
Total Actual Rent: 3679
Unit 1
Unit #: 1701, 1st floor
Actual Rent: 930
Security Deposit $: 930
SqFt Total: 1568
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: month to month lease
Unit 2
Unit #: 1701, 2nd floor
Actual Rent: 1249
Security Deposit $: 1249
SqFt Total: 1256
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: sec 8 - 12 mo lease
Unit 3
Unit #: 1703
Actual Rent: 775
Security Deposit $: 775
SqFt Total: 792
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-10-01
Unit Remarks: lease EXP 10/24
Unit 4
Unit #: 1705
Actual Rent: 725
Security Deposit $: 625
SqFt Total: 792
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2024-05-15
Unit Remarks: Lease EXP 5/24
Property Features
Appliances: Electric Oven; Electric Range; Refrigerator; Washer/Dryer
Architectural Style: Multiple Buildings
Basement: Concrete; Dirt Floor
Construction Materials: Stucco
Cooling: None
Current Financing: Conventional
Current Use: Multi-Family
Electric: 200+ Amp Service
Exterior Features: Balcony; Private Entrance
Fencing: Fenced
Fireplace Features: None
Flooring: Laminate
Foundation Details: Combination
Heating: Baseboard; Electric; Natural Gas; Steam
Levels: Multi/Split
Listing Terms: Cash; Conventional
Owner Pays: Gas; Sewer; Trash Collection; Water
Parking Features: Attached; Garage; Off Street; On Street
Patio And Porch Features: Enclosed; Front Porch; Rear Porch
Road Surface Type: Paved
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Pet(s) on Premises; Text Listing Agent
Tenant Pays: Electricity
Listing Office: Keller Williams RE Stroudsburg
Last Updated: April - 17 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.