Overview

Description

Elevate your real estate portfolio with this prime investment in Scranton, Pennsylvania offered by The Daniel Perich Group of KW Commercial Real Estate. Discover a 12-unit building with approved permits and significant upgrades completed in 2023, including a new roof, decks, sidewalks, and windows. Situated strategically, this property is in close proximity to the University of Scranton and Commonwealth Health Regional Hospital of Scranton.

Boasting a generous 9,080 square feet on a 0.14-acre lot with public water and sewer connections, this investment offers substantial returns. The building, ready for a full renovation, offers the perfect canvas to reimagine and customize each unit. The ARV Appraisal from April 2023 stands at an impressive $1.7 million, and the proforma anticipates $246,000 in gross rent.

Seize this opportunity to shape a lucrative future in Scranton's thriving real estate market. Whether you're an experienced investor or seeking to enter the real estate arena, this property sets the stage for a transformative investment journey.

Discover the charm of Scranton, a city rooted in history yet thriving in the modern era. Strategically located 77 miles north of Allentown, Scranton offers a unique blend of urban amenities and a small-town feel. Nestled in a vibrant community, this apartment complex offers an excellent investment opportunity. With its strategic location, strong rental demand, and growth potential, it presents an appealing prospect for investors seeking value and potential appreciation.

Explore cultural landmarks like the Steamtown National Historic Site and the Scranton Iron Furnaces, or indulge in diverse dining experiences and year-round festivities. With its rich heritage, vibrant arts scene, and proximity to outdoor adventures, Scranton is more than a city—it's a lifestyle. Find your place in this dynamic community and experience the best of Northeastern Pennsylvania.

Highlights

• 12-unit building with approved permits
• Significant upgrades in 2023: new roof, decks, sidewalks, and windows
• Strategically located near the University of Scranton and Commonwealth Health Regional Hospital of Scranton
• 9,080 square feet on a 0.14-acre lot with public water and sewer
• Ideal for a full renovation, providing a blank canvas for customization
• Anticipated gross rent proforma of $246,000
• ARV Appraisal from April 2023 at an impressive $1.7 million

Documents

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