9,080 SqFt
9,080 SqFt
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 with immediate cash flow. Now 83% leased, this property is performing with just two units left to fill—offering strong in-place income and room for upside.
Each unit has been fully modernized with granite countertops, updated flooring, and brand-new appliances, appealing to quality tenants and reducing long-term maintenance costs.
At a projected 6.78% cap rate, this opportunity offers:
Turnkey Condition – No major capital expenditures needed
Immediate Cash Flow – 10 of 12 units leased
Modern Finishes – Granite counters, stainless appliances, and updated interiors
Tenant-Friendly Amenities – Laundry, secure entry, and modern mail system
Prime Location – Near hospitals, universities, and key commuter routes
With high rental demand and market rents continuing to rise, this property is ideally positioned for full stabilization and long-term appreciation.
Contact us for full financials and to schedule a private tour of this income-producing gem!
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
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