522 524 River ST, Scranton, PA 18505
522 524 River ST, Scranton, PA 18505
522 524 River ST, Scranton, PA 18505
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REX Exceptional Client Care

REX Exceptional Client Care

+1(866) 742-5732
$449,000
Est. payment /mo
8 Beds
5 Baths
7,200 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $62

MLS Listing ID PWBPW251537

Bedrooms 8

Full Baths 5

Year Built 1919

Annual Tax Amount $7,129

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Apartment

Source pikewayne

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.

Location

State PA

County Lackawanna

Rooms

Basement Full, Unfinished, Heated

Interior

Heating Baseboard, Electric

Cooling Ceiling Fan(s)

Flooring Luxury Vinyl

Appliance Electric Oven, Refrigerator, Microwave

Exterior

Exterior Feature Balcony, Private Yard

View Y/N No

Building

Story 3

Sewer Public Sewer

Level or Stories Three Or More

Schools

High Schools Scranton School District

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Listed by SIX PM LLC

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REX Exceptional Client Care

REX Exceptional Client Care

+1(866) 742-5732

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