This spacious 4-bedroom, 2-bath property spans over 1,795 sq ft and is already set up for easy conversion into a duplex--each unit with its own entrance, electric, and gas. All that's left is to block off a couple of interior doors. Water is currently shared, keeping utility costs simple.The upstairs unit boasts 860 sq ft, 2 beds, 1 bath, and a balcony. The downstairs offers 935 sq ft with 2 beds, 1 bath, and generous living space. With mostly cosmetic updates needed, this is a high-upside, low-barrier value-add opportunity.Once renovated, each unit is projected to rent for 1,100/month, bringing in 2,200/month gross or 26,400 annually. At list price, that puts your cap rate at approximately 10.8 percent -- before even factoring in appreciation or further improvements.Whether you're looking to house hack or build your rental portfolio, this property checks all the boxes: location, layout, and income potential.
Pending
$190,000
623 Court St, Scranton, PA 18508
4beds
1,794sqft
Est.:
Multi Family, Duplex
Built in 1930
-- sqft lot
$-- Zestimate®
$106/sqft
$-- HOA
What's special
Generous living space
- 106 days
- on Zillow |
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