UPDATED:
02/14/2025 03:20 AM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,080 sqft
Price per Sqft $275
Subdivision Scranton
MLS Listing ID PALW2000524
Style Contemporary
Abv Grd Liv Area 9,080
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $6,073
Tax Year 2024
Lot Size 6,252 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
A newly renovated 12-unit multifamily property designed for investors seeking a premium, low-maintenance asset. Strategically located in a desirable rental market, this property is already 50% occupied with strong leasing potential.
Each unit has been fully modernized, featuring brand-new appliances, granite countertops, and updated flooring, ensuring long-term tenant appeal. The building also includes on-site laundry facilities, individual mailboxes, and a secure entry system to enhance convenience and security.
With a 6.78% cap rate, this property offers:
Turnkey Condition – No immediate capital expenditures required
Strong Rental Demand – Positioned for full occupancy with competitive market rents
High-End Finishes – Granite countertops and modern appliances for durability and style
Tenant Amenities – Washer & dryer in the building, secure mailboxes, and updated common areas
Strategic Location – Close to major employers, universities, hospitals, and transit
This is an excellent opportunity to acquire a fully upgraded, income-generating asset with room for upside as occupancy increases. Contact us today for financials and to schedule a private tour!
Location
State PA
County Lackawanna
Area Scranton City (13634)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Septic
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Frances Willard
Middle Schools South Scranton
High Schools Scranton
School District Scranton
Others
Tax ID 15710020017
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://aa-aerial-imaging.aryeo.com/videos/0195023f-4c40-71c3-bdd5-054d83ce0997
