$570,000
SOLD NOV 12, 2024

1202 W 1204 1206 Elm St Scranton, PA 18504

Hyde Park Neighborhood
12 Beds
4 Baths
4,968 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$115 Per Sq Ft

5% Below List Price

21 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Laundry Room
  • Corner Lot
  • Living Room
  • Zoned Heating and Cooling

About This Home

As of November 2024

Investors, don't get stuck in analysis paralysis on this one... This turn-key property is not a sham and is basically new construction. If no maintenance and high cash flow are what you've been looking for, read on. 1 beautiful building featuring 4 units, 3 bedrooms in each, rented on annual leases, great tenants, on-site laundry room, SEPARATE utilities, central air, wonderfully maintained, & countless upgrades. Each unit curently rented at 1300-1350 for an annual rental income of 63,000.

Last Agent to Sell the Property

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 09/20/2024

Last Buyer's Agent

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 09/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,827

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 84x108
  • Privacy Fence
  • Vinyl Fence
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 4,968 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Luxury Vinyl Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Storage

Parking

  • 4 Parking Spaces
  • Driveway
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Zoned Heating and Cooling
  • Separate Meters

Listing and Financial Details

  • Security Deposit $1,300
  • Tenant pays for all utilities
  • The owner pays for common area maintenance, taxes, insurance
  • Assessor Parcel Number 15609010007

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,300
  • Other Expense $2,000
  • Gross Income $63,000
  • Net Operating Income $56,873

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,827

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Directions: Corner of W Elm and 12th/Parrott
  • Unit Levels: Two
  • Lot Size Acres: 0.12
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1940
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: Common Area, Laundry Room
  • ResoLotFeatures: Corner Lot, Private, Level
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 4968
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Reso Structure Type: Quadruplex
  • AuctionYN: No
  • SchoolTaxAmount: 1330.64
  • EnhancedAcccessible: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 1300.00
  • GSB_UnitTypeSecurityDeposit: 1300.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 1300.00
  • GSB_UnitTypeSecurityDeposit: 1300.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 12
  • Has Basement: Concrete, Unfinished, Storage Space, Full, Exterior Entry
  • Flooring: Luxury Vinyl
  • Basement YN: Yes

Exterior Features

  • Fencing: Privacy, Vinyl
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Lighting, Rain Gutters
  • Patio And Porch Features: Covered, Deck

Garage/Parking

  • Parking Features: Driveway, Parking Lot, On Street, Off Street
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air, Zoned, Separate Meters

Condo/Co-op/Association

  • Community Features: Suburban

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R-10
  • Current Use: Investment, Residential, Multi-Family
  • Lot Dimensions: 84X108
  • Parcel #: 15609010007

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Common Area Maintenance, Taxes, Insurance

Tax Info

  • Tax Year: 2023
  • New Taxes Expense: 2827
  • Tax Annual Amount: 2827.42
  • Tax Book Number: 2023/14381

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 63000
  • Income Includes: ["Rent Only"]
  • Insurance Expense: 1300
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2024 11/12/24 Sold $570,000 -4.8% $115 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $599,000 +49.8% $121 / Sq Ft
09/17/2021 09/17/21 Sold $399,900 0.0% $80 / Sq Ft View Prior Sale
08/02/2021 08/02/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $399,900 -- $80 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kate Daye

    Seller's Agent in 2024

    Kate Daye

    Revolve Real Estate

    (302) 242-8781

    4 in this area

    73 Total Sales

    Kate Daye
    Section Image

  • F

    Seller's Agent in 2021

    Franco Forgione

    Cobblestone Real Estate LLC

    (570) 575-5141

    2 in this area

    12 Total Sales

    Franco Forgione
    Section Image

  • K

    Buyer's Agent in 2021

    Kate Daye Ruane

    ERA One Source Realty

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC4933

Greater Scranton Board of REALTORS®
Pennsylvania Lackawanna County Scranton 18504 Hyde Park

1202 W 1204 1206 Elm St, Scranton, PA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Scranton Board of REALTORS® Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.

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