
Seller's Agent in 2024
Kate Daye
Revolve Real Estate
(302) 242-8781
2 in this area
70 Total Sales
Value-add opportunity awaits in this remarkable locaton. This giant multi-family property has extreme income potential. There is a giant duplex in the front with an almost 2000sf 5-bedroom unit - which also features a formal dining room, sunroom, den, laundry room, etc! Next you'll find a very nice 3-bedroom unit with hardwood flooring and new paint - updates to the kitchen and bath would complete this one for amazing income potential. In the rear, the property features a separate 2-bedroom stand-alone cottage-style home + an oversized 2-3 car garage, a workshop, paved parking area, and a tool shed. The cottage is beautifully renovated with modern finished, LED lighting, new roof, new deck, all new windows, etc and is move-in ready. The front duplex DOES need some work, but with the right updates - the potential annual rent roll on this property could exceed $50,000 - $60,000 per year. Additionally, this would be an amazing opportunity for an owner-occupant to live in the rear home and fix and rent out the front -- having the income more than cover the mortgage or provide a giant passive income.All one tax ID number + LOW taxes. Please note, that due to the heat being inoperable in the front duplex, conventional loans may not work here - but there are many other options - even FHA renovation loans for owner occupants. Speak with a lender about your options.
Last Agent to Sell the Property
Revolve Real Estate License #RM425525 Listed on: 03/05/2024
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/12/2024 04/12/24 | Sold | $289,000 | 0.0% | $90 / Sq Ft |
03/09/2024 03/09/24 | Pending | -- | -- | -- |
03/05/2024 03/05/24 | For Sale | $289,000 | +119.1% | $90 / Sq Ft |
08/03/2020 08/03/20 | Sold | $131,900 | +1.5% | $34 / Sq Ft |
06/21/2020 06/21/20 | Pending | -- | -- | -- |
06/12/2020 06/12/20 | For Sale | $129,900 | -- | $33 / Sq Ft |
Seller's Agent in 2024
Kate Daye
Revolve Real Estate
(302) 242-8781
2 in this area
70 Total Sales
S
Buyer's Agent in 2024
Stacey Griffis
EXP Realty LLC
(570) 309-7322
1 in this area
11 Total Sales
J
Seller's Agent in 2020
Jennifer Vitali
CLASSIC PROPERTIES
K
Buyer's Agent in 2020
Kate Daye Ruane
ERA One Source Realty
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC1352