Listed by Scope Investment Real Estate Services
$3,099,000
Scranton Multifamily Portfolio
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,342
Net Rentable (SqFt) 14,342
Units 14
Cap Rate 8%
NOI $248,007
Price per SqFt $216
Year Built 2024
Buildings 7
Stories 1
7-Property 14-Unit Residential Investment Opportunity
Investment highlights
- Scaled 14-Unit Portfolio Across Seven Properties: The offering consists of fourteen residential units distributed across seven duplex style properties, allowing investors to achieve meaningful scale within the Scranton market while maintaining manageable asset sizes. This structure reduces tenant concentration risk and provides operational balance across multiple locations.
- Geographic Diversification Within a Single Submarket: Strategically positioned along Prospect Avenue, Harrison Avenue, Prescott Avenue, and E Elm Street, the portfolio benefits from neighborhood diversification while remaining within close proximity for efficient property management and oversight.
- Stable Workforce Housing Demand: The properties are located in established residential corridors supported by consistent rental demand driven by local healthcare systems, educational institutions, logistics hubs, and regional employers throughout Lackawanna County.
- Operational Efficiency Through Duplex Configuration: Each property features a duplex-style layout, providing simplified maintenance, reduced common area expenses, and straightforward tenant turnover management compared to larger multifamily assets.
- Income Stability With Rent Growth Potential: The portfolio offers in-place rental income with the opportunity to enhance returns through strategic rent optimization, operational efficiencies, and long-term market appreciation.
- Portfolio Acquisition Advantage: The opportunity to acquire seven properties under one transaction provides immediate portfolio scale, cost efficiencies, and stronger positioning for long-term financing or recapitalization strategies.
Listing Contacts
Listed by Scope Investment Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,007.00
$20,667.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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