811 Prospect Avenue, Scranton

Scranton, PA, 18504 · MLS #23-2148

$260,000

Sold August 2023

811 Prospect Avenue, Scranton in Scranton

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Approximate location · View larger map

Units

1,610

Building SF

1930

Year Built

$161

Per Sq Ft

Last List Price

$275,000

Sold For

$260,000

Against Asking

Sold 5.5% below asking

Thinking about selling in Scranton? Find out what your home is worth, based on recent sales like this one.

About This Property

Welcome to your dream investment opportunity! Over 30k in cash flow/year. Located in a prime location your investment includes a duplex and single family house all situated on a single lot. Each apartment is 3 bed/1 bath. The SFH is 3 bed/1 bath. Month to Month Leases. Bonus garage for additional income. Add this to your portfolio today! Welcome to your dream property investment opportunity! Nestled within a prime location, this exceptional investment boasts not one, but two houses, along with a garage, all situated on a single lot. The property also features a generously sized garage, providing ample storage space for vehicles, tools, or additional rental income opportunities. Don't miss out on this exceptional property investment opportunity. Whether you're looking to diversify your portfolio, generate consistent cash flow, or secure a dream home with supplementary income potential, this two-house, one-garage gem is the perfect choice. Seize the chance to create a flourishing investment future and make this money-making haven yours today!

This property has sold and is no longer on the market. This is an older sale from August 2023, and prices in this area have changed since then. It sold for $260,000 in August 2023. Contact us for other recent sales nearby. Listed by eXp Realty- Scranton/Wilkes-Barre.

Property Details

The Property

Property Type: Residential Income
Sub-Type: Multi Family
Style: 3 or More Units
Condition: Good

Interior

Basement: Full Unfinished
Interior Features: Drywall
Included: 3 stoves and 3 refrigerator.

Systems

Heating: Natural Gas
Water: Public
Sewer: Public Sewer

Exterior & Lot

Exterior: Aluminum Siding
Roof: Composition
Lot Dimensions: .13

Location

County: Lackawanna County
School District: Scranton
Zoning: Multi-Family

Costs & Listing

Annual Taxes: $4,351
Gross Income: $43,800
Net Operating Income: $31,792
Cap Rate: 11.56%
MLS #: 23-2148
Listed By: eXp Realty- Scranton/Wilkes-Barre

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