$325,000
SOLD FEB 29, 2024
-- Bed
-- Bath
2,920 Sq Ft
6,400 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

31% Above List Price

44 Days on Market

About This Home

As of March 2024

Excellent investment opportunity!! Fully Occupied very clean Triplex in Scranton with new leases signed as of 12/2023. Each unit is 2 bed and 1 bath. 2 of the units are 1200/month and 1 is 1100/month, Each of the units were updated recently. Expenses to the owner are water/sewer roughly 400/month, insurance 2000/year, gas roughly 150/month. Building cash flows roughly 2700/month not including loan payments. Add this to your investment portfolio today, you can't go wrong!!

Last Agent to Sell the Property

Alexander Schwartz

RE/MAX Preferred - Cherry Hill

RE/MAX Preferred - Cherry Hill

Last Buyer's Agent

Non Member Member

Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,514

Year Built

  • Built in 1945

Lot Details

  • 6,400 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Crawl Space

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Electric Water Heater

Community Details

  • 3 Units
  • Insurance Expense $2,000

Listing and Financial Details

  • The owner pays for sewer, water, insurance, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,514

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Remarks Public: Excellent investment opportunity!! Fully Occupied very clean Triplex in Scranton with new leases signed as of 12/2023. Each unit is 2 bed and 1 bath. 2 of the units are 1200/month and 1 is 1100/month, Each of the units were updated recently. Expenses to the owner are water/sewer roughly 400/month, insurance 2000/year, gas roughly 150/month. Building cash flows roughly 2700/month not including loan payments. Add this to your investment portfolio today, you can't go wrong!!
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Total Sq Ft: 3420
  • Living Area Sq Ft: 2920
  • Price Per Sq Ft: 85.27
  • Above Grade Finished Sq Ft: 2920
  • Below Grade Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 628

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: SCRANTON
  • School District Key: 300200396568
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6400.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 1
  • Owner Pays: Sewer, Water, Insurance, Gas
  • Rent Control: No
  • Total Actual Rent: 40800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3514.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2023
  • Close Date: 02/29/2024

MLS Schools

  • School District Name: SCRANTON

Map

Range of Values:

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Average Value
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List Price
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
03/15/2024 03/15/24 Sold $225,000 -30.8% $77 / Sq Ft
02/29/2024 02/29/24 Sold $325,000 +44.4% $111 / Sq Ft
02/29/2024 02/29/24 Off Market $225,000 -- --
02/02/2024 02/02/24 Pending -- -- --
12/20/2023 12/20/23 For Sale $249,000 +25.1% $85 / Sq Ft
08/29/2023 08/29/23 For Sale $199,000 -- $68 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,916 $12,400 $1,600 $10,800
2024 $3,574 $12,400 $1,600 $10,800
2023 $3,574 $12,400 $1,600 $10,800
2022 $3,495 $12,400 $1,600 $10,800
2021 $3,495 $12,400 $1,600 $10,800
2020 $3,428 $12,400 $1,600 $10,800
2019 $3,223 $12,400 $1,600 $10,800
2018 $3,223 $12,400 $1,600 $10,800
2017 $3,165 $12,400 $1,600 $10,800
2016 $918 $12,400 $1,600 $10,800
2015 $2,362 $12,400 $1,600 $10,800
2014 -- $12,400 $1,600 $10,800
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed $325,000 None Listed On Document
Deed $150,000 None Listed On Document
Deed $13,000 --
Deed $30,500 --
Source: Public Records

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Source: Bright MLS

MLS Number: PALW2000228

Bright MLS

APN: 16711050016