NOT LISTED FOR SALE

944 Beech St Scranton, PA 18505

South Side Neighborhood

Estimated Value: $187,000 - $480,000

Studio
1 Bath
6,000 Sq Ft
$54/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $265,000 $44 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,212/month

34 Days on Market

Highlights

  • Hot Water Heating System
  • Space Heater
  • Property is in excellent condition
  • Coin Laundry
  • Concrete Flooring

About This Home

As of March 2020

Outstanding investment opportunity! Meticulously maintained income producing apartment building on a corner lot consisting of 6 very large one bedroom apartments, recently upgraded with new kitchens and bathrooms. Property displays an excellent rental history and is located in a great residential area. The out of town seller is very Motivated for retirement!

Last Agent to Sell the Property

Ronald Koslosky

Mericle Commercial Real Estate Services License #RS165754L Listed on: 01/09/2020

Last Buyer's Agent

Ann Ritsick-Fox

Wychock Real Estate, LLC License #AB069217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,331

Lot Details

  • Lot Dimensions are 57 x 90
  • Property is in excellent condition

Parking

  • No Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Composition Shingle Roof
  • Plaster

Interior Spaces

  • 6,000 Sq Ft Home
  • Concrete Flooring
  • Dirt Floor

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Hot Water Heating System
  • Electric Water Heater

Community Details

Building Details

  • Electric Expense $1,029
  • Fuel Expense $1,563
  • Trash Expense $979
  • Water Sewer Expense $2,098
  • Real Estate Tax Expense $5,331
  • Gross Income $48,672

Additional Features

  • 6 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,331

Lot Details

0

Listing Details

  • 3RdPartyREOOwner: Not Applicable
  • Foreclosedbank Ownedreo: No
  • Directions: Take River St exit, EXIT 184, toward PA-307. Turn left onto River St. Take left onto Stafford Ave and proceed approx. 5 blocks, then turn right onto Beech St.
  • Est County Tax: 1148.40
  • Estimated School Tax: 2661.88
  • EstTotalTax: 5331.05
  • Number of Ranges: 6
  • Number of Refrigerators: 6
  • Age: 76 - 100 Yrs
  • Annual Electric: 1029.00
  • Expenses Annual Sewer Exp: 2097.50
  • Expenses Annual Water Exp: 2097.50
  • Hot Water Heater: Electric
  • Listing Member Name: Ronald Koslosky
  • Tax Municipality: Scranton City
  • Prop. Type: B
  • PROPTYPE: Multi-Family
  • InteriorFinish: Drywall, Plaster
  • Building Style: 3 or More Units
  • Estimated Total Sq Ft: 6000.00
  • Unit1InfoElectricInRent: N
  • Unit1InfoHeatInRent: N
  • Unit1InfoHotWaterInRent: Y
  • Unit1InfoSewerInRent: Y
  • Unit1InfoWaterInRent: Y
  • Unit2InfoElectricInRent: N
  • Unit2InfoHeatInRent: N
  • Unit2InfoHotWaterInRent: Y
  • Unit2InfoSewerInRent: Y
  • Unit2InfoWaterInRent: Y
  • Unit3InfoElectricInRent: N
  • Unit3InfoHeatInRent: N
  • Unit3InfoHotWaterInRent: Y
  • Unit3InfoSewerInRent: Y
  • Unit3InfoWaterInRent: Y
  • Unit4InfoElectricInRent: N
  • Unit4InfoHeatInRent: N
  • Unit4InfoHotWaterInRent: Y
  • Unit4InfoSewerInRent: Y
  • Unit4InfoWaterInRent: Y
  • Unit5InfoElectricInRent: N
  • Unit5InfoHeatInRent: N
  • Unit5InfoHotWaterInRent: Y
  • Unit5InfoSewerInRent: Y
  • Unit6InfoElectricInRent: N
  • Unit6InfoHeatInRent: N
  • Unit6InfoHotWaterInRent: Y
  • Unit6InfoSewerInRent: Y
  • Unit6InfoWaterInRent: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Concrete Floor, Dirt Floor
  • AppliancesNumberDishwashers: 6
  • AppliancesNumberMicrowave: 6
  • Limited Service: No

Exterior Features

  • Property Condition: Excellent
  • Exterior: Brick
  • Roof: Comp Shingle

Garage/Parking

  • Spaces: 0
  • Garage Type: None
  • Parking: On-Street

Utilities

  • Hvac Type: Window Units
  • Heat Fuel Type: Gas
  • Heat Type: Space Heater
  • Sewer: Public
  • Hot Water: Public

Association/Amenities

  • MFAmenities: Dumpster, Coin-Op Washer/Dryer, Patio

Condo/Co-op/Association

  • Number of Units: 6

Schools

  • School District: Scranton

Lot Info

  • Lot Size: 57 x 90
  • Zoning: Residential

Multi Family

  • Income And Expenses Annual Gas Exp: 1563.00

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Mar 17, 2020
Sold by
Mintz Preston L
Bought by
Polo Ibrahim
Seller's Agent
Ronald Koslosky
Mericle Commercial Real Estate Services
Buyer's Agent
Ann Ritsick-Fox
Wychock Real Estate, LLC
List Price
$279,000
Sold Price
$265,000
Premium/Discount to List
-$14,000
-5.02%
Current Estimated Value
$324,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,787
Avg. Annual Appreciation
3.54%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Polo Ibrahim $265,000 Red Maple Abstract
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2020 03/19/20 Sold $265,000 -5.0% $44 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $279,000 -- $47 / Sq Ft
Source: Luzerne County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $6,359 $20,000 $2,800 $17,200
2024 $5,807 $20,000 $2,800 $17,200
2023 $5,807 $20,000 $2,800 $17,200
2022 $5,679 $20,000 $2,800 $17,200
2021 $5,679 $20,000 $2,800 $17,200
2020 $5,571 $20,000 $2,800 $17,200
2019 $5,239 $20,000 $2,800 $17,200
2018 $5,239 $20,000 $2,800 $17,200
2017 $5,145 $20,000 $2,800 $17,200
2016 $1,521 $20,000 $2,800 $17,200
2015 $3,847 $20,000 $2,800 $17,200
2014 -- $20,000 $2,800 $17,200
Source: Public Records

Agents Affiliated with this Home

  • Ronald Koslosky

    Seller's Agent in 2020

    Ronald Koslosky

    Mericle Commercial Real Estate Services

    (570) 793-3343

    4 Total Sales

    Ronald Koslosky
    Section Image
  • Ann Ritsick-Fox

    Buyer's Agent in 2020

    Ann Ritsick-Fox

    Wychock Real Estate, LLC

    (570) 406-2173

    1 in this area

    110 Total Sales

    Ann Ritsick-Fox
    Section Image
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Map

Source: Luzerne County Association of REALTORS®

MLS Number: 20-116

APN: 16708050057

Pennsylvania Lackawanna County Scranton 18505 South Side

944 Beech St, Scranton, PA

Not Listed for Sale

MultiFamily

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