$430,000 Price Analysis    ♡   Montrose, PA 18801 4 bed 6 bath 4,216 SqFt ($101/SqFt) 0.28 acre lot. Built 1900 Listed 2024-06-07, Taxes $2,259 | ✓ USDA Eligible near Montrose, PA Restrictions may apply due to home size |
3000sf property fully renovated into 2 unit apartment rental property.
July 15, 2024 completion and rentals available from August 1, 2024.The two rental properties consist of a2 bedroom/2 bath + den first floor apt. of 1510SF and a 2 bedroom/2 bath + den apartment of 1326SF. Total rentable space is approximately 2863SF. Both units are fully remodeled and have a large charming kitchen, cabinets by American Woodmark with solid surface countertop and. a separate island. All appliances (refrigerator, dishwasher, microwave and electric stove) are stainless steel and smart technology compatible withGoogle Assist.Appliances are covered with additional Protection Plan Coverage.Lots of storage and pantry room Two full bathrooms with showers and LTV flooring.
Bedrooms are equipped with walk-in closets. Laundry rooms with hook ups an d vents.(Washer and dryer can be rented at extra cost.)Common area on first floor provides additional storage space and mail and package storage, remote main entry door access with Google assist technology and 4 security cameras. No more packages left outside, provide mailman with a Common Area Lock Access and store all your packages in a secure place.The property has a new roof, new electrical and plumbing, new decking and balcony, new windows and doors, LVT flooring throughout.Property also has a four car off street parking secured with 24x7 cameras. Heating is electric baseboard. Each apartment equipped with a water heater. Brand new exterior wall insulation and soundproofing between apartments.Good investment opportunities with prop forma Cap Rate of 9% and cash on cash returns of 10.27%. Smart Home by Google Assist can allow a tenant/Owner to control room temperature, door locks, smoke detectorsc camera remotely from your smart phon.
Presented by Margaret Kerber at
Ripley Realty.
Property MLS #SC2974 from Scranton
Full Bathrooms: 6
Open Floorplan
Flooring: Luxury Vinyl
Window Features: Screens
Refrigerator
Microwave
Electric Water Heater
Electric Range
Laundry Features: In Unit
Heating Features: Baseboard, Electric
Road Surface Type: Paved
Lot Size Dimensions: 80 x 90 x80x 90
Lot Size Square Feet: 12196
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1035
Pet Description: Pet Restrictions Source: 2, Pet Size: 2
Lease Term: Minimum Lease: Unit 1, Seasonal Rent: Unit 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 4
Unit 1 Total Actual Rent: 2300
Unit 2 Total Actual Rent: 2150
Map directions Map directionsCounty: Susquehanna
Cap Rate: 9
Directions: From traffic light in Montrose, east on Rt. 706. Just past the Methodist Church and across from old hospital.
Tax Year: 2024
Source Property Type: Residential Income
Exclusions: No
Insurance Expense: 1600
Zoning: R2
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $26,300 + $3,800 $30,100 | $2,259 |
| 2022 | $26,300 + $3,800 $30,100 | $2,249 |
| 2021 | $26,300 + $3,800 $30,100 | $2,259 |
| 2020 | $26,300 + $3,800 $30,100 | $2,276 |
| 2019 | $26,300 + $3,800 $30,100 | $2,156 |
| 2018 | $26,300 + $3,800 $30,100 | $2,156 |
| 2017 | $26,300 + $3,800 $30,100 | $2,050 |
| 2016 | $26,300 + $3,800 $30,100 | $1,977 |
| 2015 | $unknown + $unknown $30,100 | $1,914 |
| 2014 | $unknown + $unknown $30,100 | $1,996 |
| 2012 | $unknown + $unknown $30,100 | $2,102 |
| 2012 | $unknown + $unknown $30,100 | $2,102 |
| 2010 | $unknown + $unknown $31,000 | $2,227 |
$430,000
Scranton
Listing removed 2023-12-01
$0
Scranton
Listed 2023-09-09
$295,000
Scranton
Listing removed 2023-07-09
$0
GreaterBinghamton
Sold 2023-03-23
$66,000
Scranton
Listed 2022-07-29
$69,900
GreaterBinghamton
Sold 2022-01-28
$55,000
Scranton
Sold 2019-02-19
$46,000
Scranton
Listed 2019-01-24
$45,000
Scranton
Listing removed 2014-01-29
$117,900
Scranton
Listing removed 2013-12-26
$117,900
Scranton
Price Changed 2013-10-08
$117,900
Scranton
Price Changed 2013-10-08
$117,900
Scranton
Listed 2013-02-20
$132,900
Scranton
Listed 2013-01-29
$132,900
Scranton
Listing removed 2013-01-26
$129,900
Scranton
Price Changed 2013-01-03
$129,900
Scranton
Relisted 2012-06-01
$139,900
Scranton
Listing removed 2012-05-20
$139,900
Scranton
Price Changed 2012-03-23
$139,900
Scranton
Listed 2011-09-09
$149,900
Scranton
Year Built: 1900
Above Grade Finished Area: 2863
BelowGradeFinishedArea: 1353
Construction Materials: Wood Siding
Levels: Two
Property Age: 124
Property Condition: Under Construction
Roof: Composition, Wood
House Style: Converted
Year Built Source: Estimated
Architectural Style: Converted
Sewer: Public Sewer
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.