622 Jefferson Avenue, Scranton, PA 18510 (MLS# 22-4448)

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622 Jefferson Avenue, Scranton, PA 18510

$785,000

Property Type: Residential Income Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $785,000 List Date: 10/04/2022 Last Modified: 12/11/2023

Description

Great Investment opportunity in the heart of downtown Scranton. tenants pay all utilities, within walking distance to hospitals and local colleges with newly renovated units and a 16 car parking lot. 7 separate meters for gas and electric., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 3000.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 3000.00

More Information MLS# 22-4448

Contract Information

Current Price: $785,000 Sold Price: $785,000 Status: Closed Listing Contract Date: 2022-10-04 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Buyer Brokerage Compensation: 2.5 Buyer Brokerage Compensation Type: % Sub Agency Compensation Type: % Transaction Broker Compensation Type: % Dual Or Variable Rate Commission YN: No Owner Name: FidanSadiku,ArmendShabanaj,Uke

Location, Tax, and Legal

Street Number: 622 Street Name: Jefferson Street Suffix: Avenue City Region: Hill Section Municipality: Scranton City State: PA Postal Code: 18510 County: Lackawanna High School District: Scranton Land Value: 12000 Improvement Value: 15000 County Tax Amount: 1725.84 Municipal Tax Amount: 3632.71 School Tax Amount: 3715.74 Tax Annual Amount: 9074.29 Tax Year: 2022 Tax Assessed Value: 27000 Tax Other Annual Assessment Amount: 27000 Parcel Number: 14677020003 Additional Parcels YN: No Zoning Description: Multi-Family Directions: Up Mulberry st to left on Jefferson. Building on right Tax Book Number: 0001/0479

General Property Information

Number Of Buildings: 1 Number Of Units Total: 7 Above Grade Finished Area: 9000 Below Grade Unfinished Area: 3000 Living Area: 9000 Enhanced Accessible: No Year Built: 1920 New Construction YN: No Parking Total: 16 Lot Size Acres: 0.31 Lot Size Dimensions: 85X160 Land Lease YN: No Basement YN: No Stories: 3 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Great Investment opportunity in the heart of downtown Scranton. tenants pay all utilities, within walking distance to hospitals and local colleges with newly renovated units and a 16 car parking lot. 7 separate meters for gas and electric., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 3000.00, SqFt Fin - Main: 3000.00, SqFt Fin - 2nd: 3000.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2023-06-22T19:00:28Z Major Change Type: Status Change Price Change Timestamp: 2023-03-18T22:52:39Z Status Change Timestamp: 2023-06-22 Purchase Contract Date: 2023-04-13 Close Date: 2023-06-22 Close Price: 785000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 99600 Sewer Expense: 1000 Water Expense: 4200

Unit 1

Unit #: 1 Actual Rent: 1300 Security Deposit $: 1300 SqFt Total: 1400 Baths Total: 2 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: vacant

Unit 2

Unit #: 2 Actual Rent: 1250 Security Deposit $: 1250 SqFt Total: 1400 Baths Total: 2 Beds Total: 2 Kitchen YN: Yes Living Room YN: Yes

Unit 3

Unit #: 3 Actual Rent: 1300 Security Deposit $: 1300 SqFt Total: 1400 Baths Total: 2 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 4

Unit #: 4 Actual Rent: 1400 Security Deposit $: 1400 SqFt Total: 1400 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: 5 Actual Rent: 950 Security Deposit $: 620 SqFt Total: 900 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 6

Unit #: 6 Actual Rent: 1100 Security Deposit $: 1100 SqFt Total: 900 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: 7 Actual Rent: 1000 SqFt Total: 500 Baths Total: 1 Beds Total: 1 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes Unit Remarks: owner occupied

Oil, Gas and Mineral Rights

Property Subject To Lease: Property Subject To Lease

Road Frontage Type

Road Frontage Length: 85

Property Features

Appliances: Range; Refrigerator Basement: Full Community Features: None Construction Materials: Brick; Stucco Cooling: None Heating: Natural Gas Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Other; See Remarks Parking Features: Asphalt; Paved; Other; See Remarks Possession: Negotiable Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Showing Service Water Source: Public

Listing Office: Next Door Real Estate LLC

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.