Price Reduction
Address
1200-1202 Main Street, Dickson City, PA
Price
$ 440,000
Property Attributes
  • MLS#SC654
  • TypeMulti-Family
  • CountyLACKAWANNA
  • CityDickson City
  • AreaLackawanna County
  • Zip18519
  • StyleMultiple Buildings
  • Year Built1935
  • Taxes$ 1904
  • Price$ 440,000
  • Bedrooms12
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage5637
  • Lot Size0.5 Acres
Data Source:
Scranton MLS (SPMLS)
Property Description

This 5unit, huge, extra-ordinary Multifamily is an investor's dream come true with the property bringing in potentially estimated $63000annual in gross Income!! Accessible location and within walking distance to shopping and dining. Five minutes from Scranton, this property is close to grocery stores, restaurants, hospital, bus stops, coffee shops, Walmart, Home Depot and all amenitiesand in the heart of Dickson city, Pennsylvania. This ready to go Multifamily property boasts of 5 beautiful apartments; where you have the advantage to live in one of the units as luxury and rent the others. Let your tenants pay your mortgage and build your equity. Previously, the front of the building was a store and was converted into newly and modernly-renovated apartments. Minimal taxes, insurance and maintenance. Landlord only pays sewer and garbage!! Extremely low property taxes. Tenants pay their own utilities and you collect rent-checks. Excellent cap-rate! Close to Viewmont Mall, . Have the space for yourself and/or tenant! Ample parking in driveway and on the street. Close to Lehigh Valley Hospital, Scranton and I-81 highway access from Main Street. Basement may be additional rental incomes if new buyer wants to finish. Newly painted exterior steps, decks, doors, windows and railings. Won't lastlong! LA is owner and has vested interest in the property and has taken very good care of the property. Must see if you are looking for a property to make you some serious CASH as passive rental income!!! New roof and all units are renovated and remodeled.

Price History
1/15/2024 Listed $499,999
2/6/2024 2% - $494,999
2/8/2024 1% - $494,444
3/11/2024 4% - $475,000
3/20/2024 3% - $465,000
4/16/2024 3% - $455,000
4/23/2024 2% - $449,999
5/4/2024 1% - $449,000
5/11/2024 1% - $445,000
5/24/2024 2% - $440,000

General Features

Sewer Public Sewer
Heating Baseboard,Natural Gas
Cooling Window Unit(s),Wall Unit(s)
Possession Close Of Escrow,Negotiable
Roof Composition,Wood
Appliances Dishwasher,Refrigerator,Range
Zoning R1
Architectural Style Multiple Buildings
Construction Materials Aluminum Siding,Stucco,Plaster
Exclusions No
Year Built 1935
Stories 3
Levels Tri-Level
Property SubType Multi Family
Tax Year 2022
Gross Income 63000
County Lackawanna
Net Operating Income 60171.4
Insurance Expense 1291.8
New Construction No
Property Type Residential Income
Status Active
Directions Head northwest on Mulberry St toward Okell Ct,Turn left onto Harrison Ave,Turn left onto Moosic St,Turn right onto Meadow Ave,Turn left after Wells Fargo Bank (on the right),Turn left onto the ramp t
ModificationTimestamp 2024-05-24T17:56:27.242Z
City Dickson City
Buyer Agent Compensation 3.00
High School District Mid Valley
Zoning Description Multi-Family
Total Units 5
Street Name Main
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1904.25
Trash Expense 500
Additional Parcels Y/N No
Days on Market 130
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 8500
TaxOtherAnnualAssessmentAmount 8500
Buyer Agent Compensation Type %

Interior Features

Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 5637
Full Baths 5
Street Suffix Street
Laundry Features None
Total Bedrooms 12
Total Baths 5

Exterior Features

Parking Features Driveway,Paved,On Street,Gravel
Lot Features Corner Lot,Orchard(s),Level
Water Source Public
Total Parking 4
Number of Buildings 1
Spa No
Building Area Total 5637
Lot Dimensions 50X150
Lot Size Acres 0.5
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Road Maintenance Agreement

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18519

Price
AVG $430K
$440K
Taxes
AVG $2,989
$1,904
Visits
AVG 345
570
Data Provided by Inside Real Estate®
Year Built
AVG 1938
1935

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover