108 N Main St

Scranton, PA 18517

$367,500
Last Sold Price
8
Beds
8
Baths
4,235 Sq. Ft.
$87 / Sq. Ft.
4,235
Sq. Ft.
$87
per Sq. Ft.
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Closed 12/6/21
Closed 12/6/21
a front view of a house with garden
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Description

Fully renovated cash cow for sale at a 11% cap rate! This property consists of 2 commercial store fronts and 6 residential units and is 100% occupied. This property has been renovated from top to bottom making it a easy building to maintain for many years to come. Some of the improvements are: New roof with R-40 spray foam insulation, new wiring, new plumbing, new kitchens and baths in most units, new electric baseboards, new exterior facade, all new windows and much more. Looking to add a little...Fully renovated cash cow for sale at a 11% cap rate! This property consists of 2 commercial store fronts and 6 residential units and is 100% occupied. This property has been renovated from top to bottom making it a easy building to maintain for many years to come. Some of the improvements are: New roof with R-40 spray foam insulation, new wiring, new plumbing, new kitchens and baths in most units, new electric baseboards, new exterior facade, all new windows and much more. Looking to add a little more value to the property? Residential rents are below market and there is a coin operated laundry area waiting to be used for extra cash flow., Modern Kitchen: Y, Tax Information: Available, Kitchen: Modern, Baths: Modern, SqFt Fin - 3rd: 1300.00, SqFt Fin - Main: 1635.00, SqFt Fin - 2nd: 1300.00
  1. Listed by Pat Rogan • Brokerage DRE #RB069038 • The Hub Real Estate Group LLC

Property Details for 108 North Main Street

Architectural Style
Built As Apartment
Zoning
Commercial
Parking Total
0.0
Waterfront
No
LISTING UPDATED: 10/01/2024 10:02 AM

Property Details for 108 North Main Street

StatusClosed
MLS #21918
Days on Market182
Taxes$6,336 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1920
Lot Size0.06 AC / 2,613 SF
CountyLackawanna County
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Location

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Building Information for 108 North Main Street

Stories3Residences8Year Built1920Building Size-Lot Size0.06 AC / 2,613 SF

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$2,379 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,851

Property Taxes

$528

HOA Dues

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Property Information for 108 North Main Street

Summary
Location and General Information
  • Region: West Scranton
  • Municipality: West Scranton
  • Directions: Main Ave in West Scranton right off Jackson Street
  • MLS Area Major: Scranton City
  • City: Scranton
  • State/Province: PA
  • Postal Code: 18504
  • County: Lackawanna
  • Latitude: 41.412423
  • Longitude: -75.680625
  • MLS Area Minor: Scranton City
  • Road:Public: Municipal
Taxes and HOA Information
  • Tax Book Number: 0981/0318
  • Association Fee: $.00
  • Tax Assessed Value: 22248
  • Tax Year: 2021
  • Parcel Number: 14518040051
  • Tax Annual Amount: $6,335.92
  • Tax Other Annual Assessment Amount: $3,848.00
Parking
  • Garage Spaces: .00
  • Driveway:None: Yes
  • Parking Features: None
School Information
  • School District: Scranton
Property
Lot Information
  • Structure Type: Multi Family
  • Lot Size Acres: .06
  • Lot Size Dimensions: 32X96X15X33X17X62
  • Building Area Total: 4235.0
  • Lot Features: Level
  • Living Area: 4235.0
  • Lot Size Area: 0.06
  • Lot Size Units: Acres
  • Lot Size Square Feet: 2613.6
  • Number of Buildings: 1
  • Below Grade Finished Area: 0.0
  • Property Information:SqFt Below Grade Unf: 1300.0
  • Property Information:Road Frontage: 32.00
  • Lot Description:Flat: Yes
Property and Assessments
  • Property Information:Basement: Full
  • Property Type: Residential Income
  • Year Built: 1920
  • Property Sub Type: Multi Family
  • Property Type Label: Residential Income
  • New Construction: No
  • Construction Materials: Brick, Vinyl Siding
  • Property Attached: No
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Tracts(Seprt Deeds): No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Property Information:Levels: Three Or More
  • Stories: 3
  • Cooling: None
  • Heating: Electric
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling: No
  • Fireplace: No
  • Property Information:Stories: 3.00
  • Heating:Electric: Yes
Exterior Features
  • Roof: Flat
  • Foundation Area: .00
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Unit Breakdown:Efficiency: 4
  • Unit Breakdown:1 Bedroom: 2
  • Unit Breakdown:Storefront: 2
Income & Expenses Information
  • Operating Expense: $.00
  • Electric Expense: $455.00
  • Water Sewer Expense: $2,949.84
  • Gross Income: $56,004.00
  • Net Operating Income: $41,952.00
  • Insurance Expense: $2,202.00
  • Trash Expense: $1,065.00
  • Fuel Expense: $1,044.00
Unit 1
  • Unit 1:# Baths: 1.00
  • Unit 1:# Bedrooms: 0
  • Unit 1:Dining Room: No
  • Unit 1:Kitchen: No
  • Unit 1:Living Room: No
  • Unit 1:Rent/Month $: 700
  • Unit 1:Security Deposit $: $875.00
  • Unit 1:SqFt: 750
  • Unit 1:Unit ID: Store 1
Unit 2
  • Unit 2:# Baths: 1.00
  • Unit 2:# Bedrooms: 0
  • Unit 2:Dining Room: No
  • Unit 2:Kitchen: No
  • Unit 2:Living Room: No
  • Unit 2:Rent/Month $: 700
  • Unit 2:Security Deposit $: $875.00
  • Unit 2:SqFt: 540
  • Unit 2:Unit ID: Store 2
Unit 3
  • Unit 3:# Baths: 1.00
  • Unit 3:# Bedrooms: 1
  • Unit 3:Dining Room: No
  • Unit 3:Kitchen: Yes
  • Unit 3:Living Room: No
  • Unit 3:Rent/Month $: 560
  • Unit 3:Security Deposit $: $800.00
  • Unit 3:SqFt: 0
  • Unit 3:Unit ID: Apt 1
Unit 4
  • Unit 4:# Baths: 1.00
  • Unit 4:# Bedrooms: 1
  • Unit 4:Dining Room: No
  • Unit 4:Kitchen: Yes
  • Unit 4:Living Room: No
  • Unit 4:Rent/Month $: 550
  • Unit 4:Security Deposit $: $656.25
  • Unit 4:SqFt: 0
  • Unit 4:Unit ID: Apt 2
Unit 5
  • Unit 5:# Baths: 1.00
  • Unit 5:# Bedrooms: 1
  • Unit 5:Dining Room: No
  • Unit 5:Kitchen: Yes
  • Unit 5:Living Room: No
  • Unit 5:Rent/Month $: 550
  • Unit 5:Security Deposit $: $687.50
  • Unit 5:SqFt: 0
  • Unit 5:Unit ID: Apt 3
Unit 6
  • Unit 6:# Baths: 1.00
  • Unit 6:# Bedrooms: 2
  • Unit 6:Dining Room: No
  • Unit 6:Kitchen: Yes
  • Unit 6:Living Room: No
  • Unit 6:Rent/Month $: 657
  • Unit 6:Security Deposit $: $750.00
  • Unit 6:SqFt: 0
  • Unit 6:Unit ID: Apt 4
Unit 7
  • Unit 7:# Baths: 1.00
  • Unit 7:# Bedrooms: 1
  • Unit 7:Dining Room: No
  • Unit 7:Kitchen: Yes
  • Unit 7:Living Room: No
  • Unit 7:Rent/Month $: 425
  • Unit 7:Security Deposit $: $425.00
  • Unit 7:SqFt: 0
  • Unit 7:Unit ID: Apt 5
Unit 8
  • Unit 8:# Baths: 1.00
  • Unit 8:# Bedrooms: 2
  • Unit 8:Dining Room: No
  • Unit 8:Kitchen: Yes
  • Unit 8:Living Room: No
  • Unit 8:Rent/Month $: 525
  • Unit 8:Security Deposit $: $625.00
  • Unit 8:SqFt: 0
  • Unit 8:Unit ID: Apt 6

Property History for 108 North Main Street

DateEvent & SourcePriceAppreciation
Dec 6, 2021

Closed

Greator Scranton Board of REALTORS #21-918

$367,500—
Dec 6, 2021

Closed

Greator Scranton Board of REALTORS #21918

$367,500—
Sep 20, 2021

Pending

Greator Scranton Board of REALTORS #21-918

—
Sep 20, 2021

Pending

Greator Scranton Board of REALTORS #21918

$375,000—
Jul 13, 2021

Listed (Active)

Greator Scranton Board of REALTORS #21-918

$385,000—
Mar 22, 2021

Listed (Active)

Greator Scranton Board of REALTORS #21918

$385,000—
DateEvent & SourcePrice
12/06/2021

Closed

Greator Scranton Board of REALTORS #21-918

$367,500
12/06/2021

Closed

Greator Scranton Board of REALTORS #21918

$367,500
09/20/2021

Pending

Greator Scranton Board of REALTORS #21-918

—
09/20/2021

Pending

Greator Scranton Board of REALTORS #21918

$375,000
07/13/2021

Listed (Active)

Greator Scranton Board of REALTORS #21-918

$385,000
03/22/2021

Listed (Active)

Greator Scranton Board of REALTORS #21918

$385,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 108 North Main Street

This home is within Riverside School District.
Rating
School
Type
Grades
Distance
Riverside El School West
Public - K to 2
Riverside Junior-Senior High School
Public - 7 to 12
Riverside El School East
Public - 3 to 6
Rating
School
Distance
Riverside El School West
PublicK to 2

Riverside Junior-Senior High School
Public7 to 12

Riverside El School East
Public3 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of The Hub Real Estate Group LLC

Based on information submitted to the MLS GRID as of 10/01/2024 10:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.