NOT LISTED FOR SALE
-- Bed
-- Bath
6,150 Sq Ft
6,098 Sq Ft Lot

Last Sold May 20, 2024

Last sale price $613,325 $100 Per Sq Ft

219 Days on Market

About This Home

As of May 2024

Check out this money maker!A 14-bedroom, student housing apartment building, within walking distance to Scranton University. This property has an excellent rental history and is currently rented to university students. The building consists of 4 Apartments with parking in the rear for 6-7 cars. Property has 4 brand new furnaces and 4 brand new water heaters., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: Modern, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00, Additional Info: Income and expenses are based on 13 signed leases. The coin operated Washer & Dryer brings in $1,000-$1,500 a year in additional income.8 students are from 2022-2023 year that have renewed their leases for the 2023-2024 school year. 4 pre-signed leases for the 2024-2025 school year at $575 each. Next year's Gross income would be $96,600.

Last Agent to Sell the Property

Debra Harris

Hibble Harris Real Estate, Inc License #RS311208 Listed on: 07/15/2023

Co-Listed By

Charles Hibble

Hibble Harris Real Estate, Inc License #RM425364

Last Buyer's Agent

Charles Hibble, Broker

Weichert Realtors Hibble & Associates License #RM425364

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,778

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x160

Home Design

  • Wood Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Parking

  • 6 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 15709010005
  • $18,000 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Water Sewer Expense $2,600
  • Gross Income $84,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,778

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: From the University on Mulberry st, Take a left onto N Webster first block on the right.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.14
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1950
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: None
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: GSBhibbharris
  • Co List Office Phone: (570) 585-4000
  • Above Grade Finished Sq Ft: 4725
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2573.77
  • EnhancedAcccessible: No
  • WaterExpense: 2600.00
  • SewerExpense: 2600.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No
  • Below Grade Sq Ft: 1425

Exterior Features

  • Roof: Composition, Wood
  • Waterfront: No
  • Exclusions: No
  • Construction Type: Aluminum Siding
  • RoadFrontageLength: 40.00

Garage/Parking

  • Parking Features: Gravel, On Street, Off Street
  • Total Parking Spaces: 6

Utilities

  • Cooling: None
  • Heating: Baseboard, Natural Gas, Hot Water
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Scranton

Lot Info

  • Land Lease: No
  • Lot Dimensions: 40x160
  • Additional Parcels: No
  • Parcel #: 15709010005
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5777.67
  • Tax Book Number: 202103506
  • Tax Other Annual Assessment Amount: 18000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 84600

Range of Values:

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Sold Price
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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 Change Sq Ft Price
05/20/2024 05/20/24 Sold $613,325 -5.5% $100 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $649,000 0.0% $106 / Sq Ft
01/03/2024 01/03/24 For Sale $649,000 +5.8% $106 / Sq Ft
12/31/2023 12/31/23 Off Market $613,325 -- --
07/15/2023 07/15/23 For Sale $679,000 -- $110 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSB232927

Greater Scranton Board of REALTORS®