944 Beech Street, Scranton
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About This Property
Outstanding investment opportunity! Meticulously maintained income producing apartment building on a corner lot consisting of 6 very large one bedroom apartments, recently upgraded with new kitchens and bathrooms. Property displays an excellent rental history and is located in a great residential area. The out of town seller is very Motivated for retirement!
This property has sold and is no longer on the market. This is an older sale on record (March 2020), not a recent one — values in this market have moved since. It sold for $265,000 in March 2020. For recent comparable sales on this street and what they mean for your own property, contact us directly. Listed by Mericle Commercial Real Estate Services.
Property Details
The Property
- Property Type
- Residential Income
- Sub-Type
- Multi Family
- Style
- 3 or More Units
- Condition
- Excellent
Interior
- Basement
- Concrete
- Interior Features
- Drywall, Plaster
Systems
- Heating
- Natural Gas
- Water
- Public
- Sewer
- Public Sewer
Exterior & Lot
- Exterior
- Brick
- Roof
- Composition
- Outdoor
- Patio
- Garage
- Detached
- Lot Dimensions
- 57 x 90
Location
- County
- Lackawanna County
- School District
- Scranton
- Zoning
- Residential
Costs & Listing
- 2019 Taxes
- $5,331
- Gross Income
- $48,672
- Net Operating Income
- $32,738
- Cap Rate
- 11.73%
- MLS #
- 20-116
- Listed By
- Mericle Commercial Real Estate Services
What Is Your Scranton Home Worth Today?
Sales like this one set the comparables your own property is measured against. We will pull the closed sales in Scranton and give you a real number — not an automated estimate.
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