316-322 Taylor Ave - Apartments FOR SALE


Scranton, PA 18510- Hill Section
$2,679,910 USD
610-217-6330
316-322 Taylor Ave, Scranton, PA for Sale
$2,679,910 USD
Apartments - FOR SALE
1/48
null | 7.7% Cap Rate

316-322 Taylor Ave
Scranton, PA 18510
Hill Section


HIGHLIGHTS

  • Parking on site
  • Laundry on site
  • Utilites billed back
  • Stabilized asset with upside potential
  • $600,000 in recent improvements
  • New Boiler 2025

OVERVIEW

Introducing an exceptional investment opportunity at 19 Unit in Scranton located at 316-320 Taylor Ave, Scranton, PA 18510. This turn-key 19-unit, 54-bedroom multifamily asset offers a versatile income stream ideal for various rental strategies, including student housing, traveling nurses, Airbnb, or traditional multifamily setups. Boasting a high occupancy rate and strong cash flow from day one, this property has undergone over $600,000 in capital improvements, ensuring value and increased rent potential. Benefit from the recent installation of a brand-new $60,000 boiler in 2025, adding a modern touch to this prime asset. With a strategic location in Scranton, Pennsylvania, and top-tier property management already in place, this investment presents a rare opportunity for instant income and long-term upside potential. Don't miss out on the chance to secure a solid investment in this thriving market.

FOR SALE DETAILS

PRICE

$2,679,910 USD

PRICE/SF

$96 USD /SF

# OF UNITS

19

PRICE/UNIT

$141,048

CAP RATE

7.7%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

Multi Family

APN/PARCEL ID

15709020005

ASK ABOUT THIS PROPERTY

Jennifer de JesusSteel City RealtyMore Info
610-217-6330

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Jennifer de JesusSteel City RealtyMore Info
610-217-6330

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