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$449,000
Est. payment /mo
8 Beds
5 Baths
7,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $62
MLS Listing ID PWBPW251537
Bedrooms 8
Full Baths 5
Year Built 1919
Annual Tax Amount $7,129
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Apartment
Source pikewayne
Property Description
Turnkey 5-Unit Investment Opportunity on River StreetFully occupied and generating over $54,600 in annual gross income, this well-maintained 5-unit complex is a strong, cash-flowing asset. Four of the five units have been extensively upgraded with modern kitchens featuring granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms--providing quality living spaces tenants appreciate.Each unit is separately metered, with tenants responsible for their own electric (including heat and hot water). Water is sub-metered and can be billed back, optimizing your utility cost management. The building offers coded front and rear entry for both security and ease of access.Additional highlights include a large backyard and rear off-street parking for tenant convenience.Bonus Value-Add Potential:Unlock even more income with the property's expansive walk-up attic, offering the perfect canvas for future apartment conversions, premium storage units, or creative revenue streams. With the right vision and upgrades, this untapped space could dramatically increase long-term returns. Additionally, the full-height basement provides an excellent opportunity to install tenant storage lockers or other rentable features, adding immediate, low-maintenance monthly income.Owner is a Licensed RE Broker.
Location
State PA
County Lackawanna
Rooms
Basement Full, Unfinished, Heated
Interior
Heating Baseboard, Electric
Cooling Ceiling Fan(s)
Flooring Luxury Vinyl
Appliance Electric Oven, Refrigerator, Microwave
Exterior
Exterior Feature Balcony, Private Yard
View Y/N No
Building
Story 3
Sewer Public Sewer
Level or Stories Three Or More
Schools
High Schools Scranton School District
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Listed by SIX PM LLC
Nearby Locations
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