For sale
  • Price cut: $10K (8/19)
    $489,000

    522 River St #524, Scranton, PA 18505

    8beds
    7,200sqft
    : 
    Apartment, Multi Family
    Built in 1919
    -- sqft lot
    $469,200 Zestimate®
    $68/sqft
    $-- HOA

    What's special

    Large backyardFresh paintModern kitchensRear off-street parkingRemodeled bathroomsNew appliancesUpdated flooring
    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.
    89 days
    on Zillow
    |
    395
    |
    30
    |
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