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Amo Realty
522 524 River Street, Scranton, PA 18505
- $415,000
- 8
- BD
- 5
- BA
- 7,200
- SqFt
- List Price
- $415,000
- Status
- ACTIVE
- Days on Market
- 519
- Price Change
- ▼ $34,000 1792626501
- MLS#
- PW251537
- Subtype
- Residential Income
- Year Built
- 1919
- Bedrooms
- 8
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 7,200
- Acres
- 0.16
Property Description
Turnkey 5-Unit Investment Opportunity on River StreetFully occupied and generating over $54,600 in annual gross income, this well-maintained 5-unit complex is a strong, cash-flowing asset. Four of the five units have been extensively upgraded with modern kitchens featuring granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms--providing quality living spaces tenants appreciate.Each unit is separately metered, with tenants responsible for their own electric (including heat and hot water). Water is sub-metered and can be billed back, optimizing your utility cost management. The building offers coded front and rear entry for both security and ease of access.Additional highlights include a large backyard and rear off-street parking for tenant convenience.Bonus Value-Add Potential:Unlock even more income with the property's expansive walk-up attic, offering the perfect canvas for future apartment conversions, premium storage units, or creative revenue streams. With the right vision and upgrades, this untapped space could dramatically increase long-term returns. Additionally, the full-height basement provides an excellent opportunity to install tenant storage lockers or other rentable features, adding immediate, low-maintenance monthly income.Owner is a Licensed RE Broker.
Additional Information
- Exterior Features
- Balcony, Private Yard
- Taxes
- $7,129
- Zoning
- Residential
- Flooring
- Luxury Vinyl
- Appliances
- Electric Oven, Refrigerator, Microwave
- Heating
- Baseboard, Electric
- Air Conditioning
- Ceiling Fan(s)
- Stories
- 3
- Levels
- Three Or More
- Parking Features
- Alley Access, Off Street, On Street
- School District
- Scranton School District
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Courtesy of SIX PM LLC
Listings courtesy of Pike Wayne Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.