1005-1007 Sterling St, Scranton, PA 18508

For Sale One very nice double unit house built around 150 plus years ago. Meaning it is built solid with 2 foot plus foundation and big full dimensional cut lumber. Street parking for 2 in front and off street parking for 4 not counting garage space. Nice fenced in yard. Corner lot with huge garage. Garage will park 3 cars or 1 car and huge workshop. Garage also has huge loft for storage. Garage dimensions: 36'6 x 23'6 Forced air unit on one side which makes it easy to add A/C and steam hot water boiler on other side. Single second floor bathrooms on each side with convenience open bathroom in one cellar. Three (3) bedrooms each side with closets. All bedrooms carpeted. Aluminum siding and well maintained painted wood surfaces. House dimensions: 39'6” x 32'6” = 1273/floor x 2 = 2546 total not counting basement. 636 x 3 floors (including basement). Adds up to @ 1900 sq ft per side. Possible reasons for buying this nice house: ( 1 )Live in one side and rent the other. ( 2 )Live in on side and use the other side for in-laws. ( 3 )Or buy as an investment property and rent both sides. ( 1 ) If the owner chooses to live one one side then your cost will be something like: 650 rent received – 473 mortgage – 225 taxes – 58 insurance: Equals about -$106 per month out your pocket not counting utilities. Note: should be able to ask more rent for the tenant that gets the garage. ( 3 ) If owner chooses to purchase as pure investment and rent both sides: 650 x 2 = 1300 x 12 = 15,600 per year income - 473 x 12 = 5676.00 + 2700 taxes + @ 700 insurance and garbage at $600.00 per year for both sides. 300/side equals approximately $9000.00 in fixed expenses. ( 2 ) Also you could use one side as in-law residence. Bottom Line: Nice well built old house that is ready to live in from day of purchase. Thus allowing the new owner to gradually update at his or her convenience. Everything is in working order.