919 CLAY AVE SCRANTON, PA 18510

Investment
  • $350,000

919 CLAY AVE SCRANTON, PA 18510

4plex

List: $350,000

NOI: $31,392

Cap: 9%

Unit details:

Lower level 1 bed, 1 bath $925

First floor one bedroom 1.5 bath $995

Second floor 3 bedroom 1 bath $1150

Third floor 1 bedroom 1 bath $1045

—————

$4115 monthly rent

 

Utilities:

2 gas 45 gallon tanks

Well maintained steam boiler

Gas forced hot air heat in lower level

 

For sale is a completely renovated 3200 sq/ft 4 family victorian home in Scranton’s prestigious Hill section conveniently located to the hospitals, medical schools and two blocks from Dunmore.

 

The exterior has been completely repainted with different trim colors to highlight the homes beautiful architecture. The roof has been completely redone with new sheathing and architectural shingles. The entire interior has been renovated from the top down and has been professionally managed for eight years with consistent occupancy rates and very minimal vacancy loss. The property has been well-maintained with the management company and all of the records , income and expenses, are completely accurate. The entrance has a proper vestibule with lock mailboxes and also doorbell intercom system so guests can be buzzed in from their apartments. All utilities are included so tenants pay for an all inclusive apartment. Each apartment has been completely renovated with new wiring, plumbing, floors, kitchens and bathrooms. There is on street parking with plenty of spots in the street or offstreet parking in the back of the property. The home has full three-story rear deck egress can be used as a main entrance as well if parked in the rear. There are fantastic views off the deck of the entire valley.

This property has a $31,392 a year net operating income running a 9% cap which includes all accurate expenses from all utilities, insurance, taxes, registration fees and maintenance.

 

Price:$350,000
Address:919 Clay Ave
City:Scranton
County:Lackawanna
State:PA
ZIP:18510
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