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Sold for $285,000 on 06/10/24
  • $285,000

    624 Brook St, Scranton, PA 18505

    7beds
    2,625sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $312,500 Zestimate®
    $109/sqft
    $1,158 Estimated rent

    Home value

    $312,500

    $259,000 - $375,000

    $1,158/mo

    Zestimate® history
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    What's special

    Welcome to your next investment venture in the heart of Scranton! This multi-family property presents an exceptional opportunity for investors seeking reliable rental income coupled with valuable amenities.Nestled in the vibrant community of Scranton, this property enjoys proximity to essential amenities, including shopping centers, schools, parks, and major transportation routes, ensuring convenience for tenants and facilitating high occupancy rates.With three separate units, including two already rented, this property offers immediate income generation. The consistent demand for multi-family housing in Scranton ensures stable rental returns, making it an attractive investment option. A rare find in multi-family properties, the included two-car garage not only provides convenient parking for tenants but also presents an additional source of income. Whether leased separately or included with one of the units, the garage enhances the property's value proposition. Perfect for families and pet owners, the large fenced yard offers privacy, security, and a serene outdoor space for relaxation and recreation. This feature adds significant appeal to potential tenants, contributing to higher occupancy rates and tenant satisfaction. Enjoy the advantage of low property taxes, enhancing the property's profitability and long-term financial viability. Additionally, each unit is equipped with separate electric meters, ensuring hassle-free utility management for both landlords and tenants.This multi-family property is not only a lucrative investment in the present but also promises robust appreciation potential in the future. Plus a store front/ studio apartment that can be a possibility for more rent , but buyer would need to get their own zoning. With ongoing development and economic growth in Scranton and surrounding areas, real estate values are poised to increase, offering investors the opportunity for significant capital gains.

    Zillow last checked: 8 hours ago

    Listing updated: September 10, 2024 at 08:48pm

    Listed by:

    Leah Gianacopoulos,

    ERA One Source Realty

    Bought with:

    NON MEMBER

    NON MEMBER

    Source: GSBR,MLS#: SC2137MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, Steam
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Electric Range, Refrigerator, Microwave
    • Laundry: In Basement, In Unit, Lower Level, In Kitchen
    Features
    • Ceiling Fan(s), Eat-in Kitchen
    • Flooring: Carpet, Vinyl, Tile
    • Basement: Concrete,Unfinished
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 2,625
    • Total interior livable area: 2,625 sqft
    • Finished area above ground: 2,625
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, On Street
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Front Porch, Side Porch
    • Pool features: None
    • Spa features: None
    • Fencing: Chain Link
    Lot
    • Size: 6,534 sqft
    • Dimensions: 40 x 160
    • Features: Level, Not In Development
    Details
    • Parcel number: 16707040076
    • Zoning: RT007

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding
    • Foundation: Combination
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Electric: Circuit Breakers, 200 or Less Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Scranton

    Other

    Other facts
    • Income includes: Parking
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/10/2024Sold$285,000+9.7%$109/sqft
    Source: GSBR #SC2137
    5/8/2024Pending sale$259,900$99/sqft
    Source: GSBR #SC2137
    4/23/2024Listed for sale$259,900+231.5%$99/sqft
    Source: GSBR #SC2137
    6/1/2005Sold$78,400$30/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024$3,106 $10,000
    2023$3,106 +110.5%$10,000
    2022$1,476 $10,000

    Find assessor info on the county website

    Neighborhood: South Side

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $312,500
    2% more+ $6,250
    With Zillow Showcase(estimated)
    $318,750