1201 Mulberry Street, Scranton, PA 18510
$2,800,000
Property Type:
Commercial Sale
Square Footage:
30,000
Lot Size (sq. ft.):
17,424
Status:
Closed
Current Price:
$2,800,000
List Date:
10/21/2016
Last Modified:
12/11/2023
Description
This is an entire portfolio of properties, a large commercial and apartment(4 apartments) building built in 2002 along Mulberry and another 2 family along Mulberry. Along N. Webster there are 2- 2 family buildings and a 4 family building. Off-street parking for 33 cars. All Student housing and all leased thru 2016(working on 2017). The finest U of S student housing in the Hill., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 14-5610
Contract Information
Current Price: $2,800,000
Sold Price: $2,800,000
Status: Closed
Listing Contract Date: 2014-11-13
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Four Hundred Eight Quincy Inc.
Location, Tax, and Legal
Street Number: 1201
Street Name: Mulberry
Street Suffix: Street
Municipality: Scranton City
State: PA
Postal Code: 18510
County: Lackawanna
High School District: Scranton
City Region: Hill Section
Land Value: 38250
Improvement Value: 242700
County Tax Amount: 11972.07
Municipal Tax Amount: 21165.81
School Tax Amount: 25806.05
Tax Annual Amount: 72071.15
Tax Year: 2016
Tax Assessed Value: 208500
Tax Other Annual Assessment Amount: 280950
Parcel Number: 15737020015
Additional Parcels YN: Yes
Zoning Description: Commercial
Directions: The corner of Mulberry St. and N. Webster Ave.
Tax Book Number: 0431/0217
General Property Information
Building Area Total: 30000
Building Area Total (Report Only): 30000
Enhanced Accessible: No
Year Built: 2002
Building Name: N/A
Parking Total: 33
Lot Size Acres: 0.4
Lot Size Dimensions: 113 x 185x160
Land Lease YN: No
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 103.33
Sold Price/SqFt: 93.33
Remarks and Miscellaneous
Public Remarks: This is an entire portfolio of properties, a large commercial and apartment(4 apartments) building built in 2002 along Mulberry and another 2 family along Mulberry. Along N. Webster there are 2- 2 family buildings and a 4 family building. Off-street parking for 33 cars. All Student housing and all leased thru 2016(working on 2017). The finest U of S student housing in the Hill., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2016-12-09T21:01:56Z
Major Change Type: Status Change
Status Change Timestamp: 2016-12-09
Purchase Contract Date: 2016-10-19
Close Date: 2016-12-08
Close Price: 2800000
Building Features
Included In Contract: Building Only
Retail SqFt: 6000
Income and Expenses
Gross Income: 378804
Net Operating Income: 273494
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 113
Property Features
Building Features: Public Restrooms; Separate Utilities
Construction Materials: Block; Stucco
Cooling: Central Air
Current Use: Commercial; Residential; Retail
Electric: Circuit Breakers
Exterior Features: Lighting
Flooring: Carpet; Ceramic Tile; Vinyl; Wood
Heating: Forced Air; Natural Gas
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Cleared; Corner Lot; Level
Parking Features: None
Possession: Negotiable
Road Frontage Type: State Road
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Wayne Evans Realty
Last Updated: December - 11 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.