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Prime Turnkey Investment Opportunity - 12-Unit Multifamily in Scranton, PA 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!
| DAYS ON MARKET | 10 | LAST UPDATED | 2/13/2025 |
|---|---|---|---|
| TRACT | SCRANTON | YEAR BUILT | 1902 |
| COMMUNITY | Scranton City (13634) | COUNTY | LACKAWANNA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | SCRANTON |
|---|---|
| High School | SCRANTON |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Scranton City (13634) |
| CONSTRUCTION | Aluminum Siding, Asphalt, Block, Brick, Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 6098 sq ft |
| PARKING | On Street |
| SEWER | Septic Tank |
| SUBDIVISION | SCRANTON |
| TAXES | 6073.29 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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