Here’s a five unit building, three-story located in North Scranton. There are two first floor units comprised each of 2 bedrooms/1bathroom. Two 2nd floor units comprised each of 1 bedroom / 1 bathroom units. And, one 3rd floor unit comprised of 2 bedrooms/1 bathroom. No street parking because the backyard was converted to a parking lot. These units are very spacious with the building being roughly a 3000 square-foot. New water heater and recently replaced boiler installed. Heat and water is owners responsibility but the electric was seperated. The bottom right apartment first floor right needs a rehab. May be done if offered full price possibly. Needs about a $8000 rehab. The other apartments are in decent shape. We have remodeled two of them with one guaranteed rent through a program we deal with, one unit has a good paying tenant we placed and 2 are existing long-term tenants. The back deck needs work which is being repaired now and there is some structural repairs needed in the basement supporting some floor joist that would need further inspection however an approximate estimate would be about $8000.
NET Income Potential: $10,700
Parasole Property Management & Associates is a licensed real estate agency. For more information, contact the office (570) 343-2597.
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|Address:||366 Ferdinand St|