119 Prospect Ave - Multi-Family FOR SALE


Scranton, PA 18505- South Side
$425,000 USD
610-217-6330
119 Prospect Ave, Scranton, PA for Sale
$425,000 USD
Multi-Family - FOR SALE
1/64
null | 9.67% Cap Rate

119 Prospect Ave
Scranton, PA 18505
South Side


HIGHLIGHTS

  • Opportunity Zone
  • Lerta Tax Abatement Approved
  • Fully Leased
  • New Construction
  • Separate Utilities
  • LL pays NO utilities!

OVERVIEW

119 Prospect Ave, Southside Scranton. Brand-new construction duplex, 100% occupied, individual deed. 2 units at $1,700/mo each ($40,800/yr gross); tenants pay all utilities. LERTA tax abatement + federal Opportunity Zone (18510): rare dual tax advantage for investors & owner-occupants, capital gains deferral. Day-one rental income, no vacancy risk. FHA/VA eligible. Priced below replacement cost.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

2

PRICE/UNIT

$212,500

CAP RATE

9.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Duplex in Scranton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,783 SF

ZONING

2 unit- duplex

APN/PARCEL ID

15660030010

ASK ABOUT THIS PROPERTY

Jennifer de JesusSteel City RealtyMore Info
610-217-6330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jennifer de JesusSteel City RealtyMore Info
610-217-6330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.