1107-1109 Fisk Street, Scranton, PA 18509

$500,000
Property Type: Residential Income Square Footage: 4,800 Status: Closed
Current Price: $500,000 List Date: 5/09/2023 Last Modified: 9/08/2024

Overview

Description

Large 7 Unit building located near universities , Completely rented with leases and has coin operated laundry. Come with an additional lot which can be used for additional parking. New Furnace installed last year. This property cash flows and has steady tenants., Baths: Y

Listing Details MLS# PW-230557

General Property Information

Number Of Buildings
Yes
Number Of Units Total
7
Living Area
4800
Year Built
1945
Parking Total
10
Lot Size Acres
0.17
Lot Size Dimensions
50x150x50x150
Water Body Name
None
Basement YN
Yes
Stories
3
List Price/SqFt
113.52
Sold Price/SqFt
104.17

Property Features

Construction Materials: Vinyl Siding Cooling: Ceiling Fan(s) Heating: Baseboard; Electric; Hot Water Laundry Features: Common Area Levels: Three Or More Listing Terms: Cash; Conventional; FHA Parking Features: Paved Possession: Negotiable Road Frontage Type: City Street Road Surface Type: Paved Roof: Other; See Remarks Documents Available: Lead-Based Paint Hazards Disclosure

Contract Information

Listing Contract Date
2023-03-08
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
1107-1109
Street Name
Fisk
Street Suffix
Street
County
Lackawanna
State
PA
Postal Code
18509
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Large 7 Unit building located near universities , Completely rented with leases and has coin operated laundry. Come with an additional lot which can be used for additional parking. New Furnace installed last year. This property cash flows and has steady tenants., Baths: Y

Status Change Information

Major Change Timestamp
2023-07-29T10:53:08Z
Major Change Type
Status Change
Purchase Contract Date
2023-05-15
Close Date
2023-07-28
Close Price
500000
Concessions
No
Buyer Financing
Conventional
Concessions Amount
0

More Information

Income and Expenses

Electric Expense
2400
Gross Income
77400
Heat Expense
4900
Insurance Expense
3220
Licenses Expense
300
Maintenance Expense
2000
Net Operating Income
48893
New Taxes Expense
3947
Operating Expense
1200
Trash Expense
960
Water Expense
9600

Unit 1

Unit #
Yes
Actual Rent
1000
SqFt Total
1200
Rooms Total
5
Occupied YN
Yes

Unit 2

Unit #
2
Actual Rent
1000
SqFt Total
600
Rooms Total
3
Occupied YN
Yes

Unit 3

Actual Rent
900
SqFt Total
600
Rooms Total
4
Occupied YN
Yes

Unit 4

Unit #
4
Actual Rent
1000
SqFt Total
600
Rooms Total
4
Occupied YN
Yes

Unit 5

Actual Rent
1000
SqFt Total
600
Rooms Total
4
Occupied YN
Yes

Unit 6

Unit #
6
Actual Rent
1000
SqFt Total
600
Rooms Total
4
Occupied YN
Yes

Unit 7

Actual Rent
1350
SqFt Total
1200
Rooms Total
6
Occupied YN
Yes

Location, Tax, and Legal

Street Additional Info
1107-1109 Fisk St
Municipality
Lackawanna - Lackawanna County
High School District
Scranton School District
Cnty&Muni Taxes (Legacy)
1602.78
School Tax Amount
0
Tax Annual Amount
3604.6
Tax Assessed Value
14000
Parcel Number
13511010035
Zoning Description
Multi-Family
Tax Book Number
1427-0535

Construction Materials

Vinyl Siding
Yes

Cooling

Ceiling Fan(s)
Yes

Heating

Baseboard
Yes
Electric
Yes
Hot Water
Yes

Laundry Features

Common Area
Yes

Levels

Three Or More
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Oil, Gas and Mineral Rights

Gas Rights Reserved
None

Parking Features

Paved
Yes

Possession

Negotiable
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Other
Yes
See Remarks
Yes

Documents Available

Lead-Based Paint Hazards Disclosure
Yes
Listing Office: Lewith & Freeman Real Estate Hawley
Last Updated: September - 08 - 2024
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