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349 Adams Ave

6 Unit Apartment Building $956,360 ($159,393/Unit) 9% Cap Rate Scranton, PA 18503

Apartment Buildings Pennsylvania Scranton 349 Adams Ave, Scranton, PA 18503

Executive Summary

Six 1 bedroom, 1 bath residential units, all units recently renovated.
Ground floor consists of one commercial unit and private laundry for tenants.
Building is meticulously maintained.
Excellent growth potential on the rents for the next several years.
Important
1. Please do not ask for owner financing.
2. Please do not ask for property management.

Property Facts

Price $956,360 Building Class C
Price Per Unit $159,393 Lot Size 0.23 AC
Sale Type Investment Building Size 5,500 SF
Cap Rate 9% Average Occupancy 100%
No. Units 6 No. Stories 3
Property Type Multifamily Year Built/Renovated 1950/2022
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $956,360
Price Per Unit $159,393
Sale Type Investment
Cap Rate 9%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.23 AC
Building Size 5,500 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1950/2022
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Walker's Paradise (92)
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PROPERTY TAXES

Parcel Number 15628010008 Improvements Assessment $15,000
Land Assessment $12,000 Total Assessment $27,000

PROPERTY TAXES

Parcel Number
15628010008
Land Assessment
$12,000
Improvements Assessment
$15,000
Total Assessment
$27,000

zoning

Zoning Code Commercial
Commercial
(570) 350-7831

Contact

  • Steven MacDonald
    Steven MacDonald
  • Steve J MacDonald

  • Listing ID: 27339447

  • Date on Market: 12/19/2022

  • Last Updated:

  • Address: 349 Adams Ave, Scranton, PA 18503

More public record information on 349 Adams Ave, Scranton, PA 18503

The I-81 Corridor Multifamily Property at 349 Adams Ave, Scranton, PA 18503 is currently available. Contact Steve J MacDonald for more information.

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349 Adams Ave
(570) 350-7831 x

349 Adams Ave

Steven MacDonald

(570) 350-7831

(570) 350-7831

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