401 / 403 / 405 S. Main Ave Scranton, PA 18504
Remodeled mixed use building with low vacancy rate in a prime location with a $46,295 NOI. Newly renovated with New 7000 sq/ft rubber roof and 5 apts remodeled with new bathrooms, new windows thru out and new brand new 2 story deck with roof. Property is professionally managed by Parasole Property Management so everything has been well maintained with positive cash flows and leased with full occupancy. There’s 7 residential units ( 3 units 2 bed 1 bath and 4 units 1 bed 1 bath) and 5 low traffic long term commercial units.
Property is located at a high traffic corner location of S. Main and Luzerne St with Walgreens at the opposite corner and a new bank at other corner and pizzeria. Wal-Mart and shopping centers 1/2 mile down Main. Be sure to review the financial statement attached to this listing which represents all accurate figures. The NOI includes all accurate 2020 income and expenses including property management expenses. Other properties also available in this portfolio and others. Contact me for full information and to schedule virtual and in person walk-thru.
|Price:||$580,000 ($38/sq ft)|
|Address:||405 S. Main Ave|