970 Ridge Avenue, Scranton, PA 18510
$1,425,000
Property Type:
Residential Income
Square Footage:
12,000
Status:
Closed
Current Price:
$1,425,000
List Date:
6/09/2021
Last Modified:
9/08/2024
Overview
Description
Listing Details MLS# 21-857
General Property Information
- Number Of Buildings
- Yes
- Number Of Units Total
- 10
- Living Area
- 12000
- Year Built
- 2015
- Parking Total
- 15
- Lot Size Acres
- 0.29
- Water Body Name
- None
- Basement YN
- No
- Stories
- 3
- List Price/SqFt
- 129.17
- Sold Price/SqFt
- 118.75
Property Features
Cooling:
Central Air
Heating:
Forced Air; Hot Water; Natural Gas
Levels:
Three Or More
Listing Terms:
Cash; Conventional
Parking Features:
Paved
Possession:
Negotiable
Road Frontage Type:
City Street
Road Surface Type:
Paved
Roof:
Shingle
Sewer:
Public Sewer
Water Source:
Public
Contract Information
- Listing Contract Date
- 2021-03-29
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 970
- Street Name
- Ridge
- Street Suffix
- Avenue
- County
- Lackawanna
- State
- PA
- Postal Code
- 18510
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- AMAZING 10 UNIT APARTMENT COMPLEX WITHIN WALKING DISTANCE TO GEISINGER COMMONWEALTH SCHOOL OF MEDICINE!! This beautiful and elegant apartment complex was built brand new in 2015 by renovating the original factory warehouse at this location. Custom design and quality craftsmanship throughout. 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., Baths: Y
Status Change Information
- Major Change Timestamp
- 2021-09-02T15:53:33Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2021-06-14
- Close Date
- 2021-09-01
- Close Price
- 1425000
- Concessions
- No
More Information
Income and Expenses
- Electric Expense
- 8814
- Gross Income
- 133500
- Insurance Expense
- 4267
- Net Operating Income
- 99478.03
- Other Expense
- 982
- Trash Expense
- 1895
- Water Expense
- 7732.44
Unit 1
- Unit #
- Yes
- Actual Rent
- 1100
- Occupied YN
- Yes
Unit 2
- Unit #
- 2
- Actual Rent
- 975
- Occupied YN
- Yes
Unit 3
- Actual Rent
- 925
- Occupied YN
- Yes
Unit 4
- Unit #
- 4
- Actual Rent
- 1200
- Occupied YN
- Yes
Unit 5
- Actual Rent
- 1300
- Occupied YN
- Yes
Unit 6
- Unit #
- 6
- Actual Rent
- 1000
- Occupied YN
- Yes
Unit 7
- Actual Rent
- 1300
- Occupied YN
- Yes
Unit 8
- Unit #
- 8
- Actual Rent
- 825
- Occupied YN
- Yes
Unit 9
- Actual Rent
- 1200
- Occupied YN
- Yes
Unit 10
- Unit #
- 10
- Actual Rent
- 1300
- Occupied YN
- Yes
Listing Office:
RE/MAX WAYNE
Last Updated: September - 08 - 2024
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