970 Ridge Avenue, Scranton, PA 18510
$1,425,000
Property Type:
Residential Income
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$1,425,000
List Date:
6/09/2021
Last Modified:
12/11/2023
Description
AMAZING 10 UNIT APARTMENT COMPLEX WITHIN WALKING DISTANCE TO GEISINGER COMMONWEALTH SCHOOL OF MEDICINE IN SCRANTON! This apartment complex was completely rebuilt and brand new in 2015. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete with all appliances and washer and dryer in each unit! Excellent location! Walking distance to Geisinger Commonwealth School of Medicine, Regional Hospital & Moses Taylor Hospital, markets, coffee shops, restaurants and shopping! This is the prime property for the serious investor!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 4000.00, SqFt Fin - Main: 4000.00, SqFt Fin - 2nd: 4000.00, Additional Info: 1st Lot: 40x150, 2nd Lot:45x43x65x79x90; Includes Tax ID#14618080027. Road Frontage total is 193 feet.
More Information MLS# 21-1063
Contract Information
Current Price: $1,425,000
Sold Price: $1,425,000
Status: Closed
Listing Contract Date: 2021-03-29
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: ATR Properties Inc
Location, Tax, and Legal
Street Number: 970
Street Name: Ridge
Street Suffix: Avenue
City Region: Central City
State: PA
Postal Code: 18510
County: Lackawanna
Subdivision Name: None
High School District: Scranton
County Tax Amount: 1805.74
Municipal Tax Amount: 2420.46
School Tax Amount: 3887.77
Tax Annual Amount: 8113.97
Tax Year: 2020
Tax Assessed Value: 28250
Tax Other Annual Assessment Amount: 28250
Parcel Number: 14618080028
Additional Parcels YN: Yes
Zoning Description: Multi-Family
Tax Book Number: 2013-18487
General Property Information
Number Of Buildings: 1
Number Of Units Total: 10
Above Grade Finished Area: 12000
Living Area: 12000
Enhanced Accessible: No
Year Built: 2015
New Construction YN: No
Parking Total: 15
Lot Size Acres: 0.29
Lot Size Dimensions: See Additional Info
Land Lease YN: No
Basement YN: No
Stories: 3
Fireplace YN: No
Spa YN: No
Remarks and Miscellaneous
Public Remarks: AMAZING 10 UNIT APARTMENT COMPLEX WITHIN WALKING DISTANCE TO GEISINGER COMMONWEALTH SCHOOL OF MEDICINE IN SCRANTON! This apartment complex was completely rebuilt and brand new in 2015. Highly efficient with no maintenance needed, impressive rent roll and rental history with medical students and plenty of parking! Consisting of 6, 2 bedroom and 4, 1 bedroom modern, mint-condition apartments complete with all appliances and washer and dryer in each unit! Excellent location! Walking distance to Geisinger Commonwealth School of Medicine, Regional Hospital & Moses Taylor Hospital, markets, coffee shops, restaurants and shopping! This is the prime property for the serious investor!, Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 4000.00, SqFt Fin - Main: 4000.00, SqFt Fin - 2nd: 4000.00, Additional Info: 1st Lot: 40x150, 2nd Lot:45x43x65x79x90; Includes Tax ID#14618080027. Road Frontage total is 193 feet.
Exclusions: No
Status Change Information
Major Change Timestamp: 2021-09-02T15:54:29Z
Major Change Type: Status Change
Status Change Timestamp: 2021-09-02
Purchase Contract Date: 2021-06-14
Close Date: 2021-09-01
Close Price: 1425000
Concessions: No
Income and Expenses
Gross Income: 133500
Water Expense: 7732.44
Unit 1
Unit #: 1
Actual Rent: 1100
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 2
Unit #: 2
Actual Rent: 975
SqFt Total: 950
Baths Total: 1
Beds Total: 1
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 3
Actual Rent: 925
SqFt Total: 950
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 4
Unit #: 4
Actual Rent: 1200
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 5
Unit #: 5
Actual Rent: 1300
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 6
Unit #: 6
Actual Rent: 1000
SqFt Total: 950
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 7
Unit #: 7
Actual Rent: 1300
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 8
Unit #: 8
Actual Rent: 825
SqFt Total: 950
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 9
Unit #: 9
Actual Rent: 1200
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 10
Unit #: 10
Actual Rent: 1300
SqFt Total: 1200
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Details
1 Bedroom: 4
2 Bedroom: 6
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Property Features
Appliances: Dishwasher; Range; Refrigerator
Architectural Style: Complex
Basement: Full
Community Features: None
Construction Materials: Stone; Vinyl Siding
Cooling: Central Air
Foundation Details: Slab
Heating: Forced Air; Natural Gas
Laundry Features: None
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Level
Parking Features: Asphalt; Off Street; On Street; Paved
Possession: Negotiable
Road Surface Type: Paved
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only
Water Source: Public
Listing Office: Re/Max Wayne
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.