Listed by Steel City Realty
$425,000
New Construction Duplex w/ Lerta Tax Abatement & OZ
Details
APN 15660030010
Property Type Multifamily
Square Footage 1,984
Units 2
Cap Rate 9.33%
NOI $39,642
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 0.34%
Pro-Forma NOI $1,458
Price per SqFt $214
Class A
Year Built 2023
Buildings 1
Lot Size (SqFt) 5,581
Zoning 2 unit
Parking Spaces 4 spaces
Parking per 1,000 SqFt 2.02
Investment Type Stabilized
About This Property for Sale
Marketing description
119 Prospect Ave, Southside Scranton. Brand-new construction duplex, 100% occupied, individual deed. 2 units at $1,700/mo each ($40,800/yr gross); tenants pay all utilities. LERTA tax abatement + federal Opportunity Zone (18510): rare dual tax advantage for investors & owner-occupants, capital gains deferral. Day-one rental income, no vacancy risk. FHA/VA eligible. Priced below replacement cost.
Listing Contacts
Listed by Steel City Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$39,641.69
$3,303.47/mo
Valuation Metrics
0
DSCR
9.33%
Cap Rate
9.33%
ROI
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