NOT LISTED FOR SALE
-- Bed
-- Bath
6,300 Sq Ft
6,098 Sq Ft Lot

Last Sold January 26, 2021

Last sale price $475,000 $75 Per Sq Ft

14 Days on Market

About This Home

As of January 2021

An excellent student housing property is located less than 100 feet from University of Scranton. This fully-rented property includes 14 bedrooms: Two 3-bedroom units, and two 4-bedroom units. This investment opportunity already has a tremendous cash flow and an incredible 14.29% capitalization rate! No Showings until Black Friday, November 27, 2020., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 1575.00, SqFt Fin - Main: 1575.00, SqFt Fin - 2nd: 1575.00

Last Agent to Sell the Property

Christian Saunders

Christian Saunders Real Estate License #RM424906 Listed on: 11/19/2020

Last Buyer's Agent

Charles Hibble, Broker

Weichert Realtors Hibble & Associates License #RM425364

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,681

Year Built

  • Built in 1950

Lot Details

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

Home Design

  • Wood Roof
  • Composition Roof
  • Aluminum Siding

Interior Spaces

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

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • 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 $3,420
  • Gross Income $92,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,681

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: Mulberry Street left on North Webster
  • 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
  • ResoLotFeatures: Interior Lot
  • Road Frontage Type: City Street
  • Above Grade Finished Sq Ft: 4725
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • SchoolTaxAmount: 2477.16
  • EnhancedAcccessible: No
  • WaterExpense: 3420.00
  • SewerExpense: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Refrigerator
  • Has Basement: Full
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No
  • Below Grade Sq Ft: 1575

Exterior Features

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

Garage/Parking

  • Parking Features: Gravel
  • Total Parking Spaces: 6

Utilities

  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • 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: Residential

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5681.06
  • Tax Book Number: 2013-03087
  • Tax Other Annual Assessment Amount: 18000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 92400

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 Change Sq Ft Price
01/26/2021 01/26/21 Sold $475,000 -4.2% $75 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $495,900 -- $79 / 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: GSB204964

Greater Scranton Board of REALTORS®