Welcome to a prime investment opportunity in the heart of downtown Scranton! This meticulously maintained property boasts six separate one-bedroom, one-bathroom apartments, each equipped with its own electric. All six units are currently occupied, providing immediate cash flow for investors. With a history of strong rental demand, vacancies are rare, ensuring consistent income potential. The property has been maintained, ensuring tenants enjoy a comfortable living experience while minimizing maintenance costs for the owner. With all units currently rented, this property offers immediate and stable rental income. Investors can benefit from the ongoing demand for quality rental housing in downtown Scranton.Offering potential capital appreciation for investors. For investors looking to expand their portfolio, this property presents an opportunity to acquire multiple units in a single transaction, streamlining the investment process and diversifying risk.
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The average household income in
Scranton, PA
grew
from
$38,232
to
$38,683
in the past year. This data is an estimate based upon
29,528
households in
Scranton, PA. The chart below presents how household income is distributed in
Scranton, PA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Scranton, PA
compared to median property taxes around the country. The prevalent amount of property taxes in
Scranton, PA
equals
$3k+
, which is
less
than the national average.