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STAFFORD AVENUE
Scranton, PA 18505

DOUBLE ZONED DUPLEX
$38,000

 



UPSTAIRS: 3 Beds, 1 Bath
DOWNSTAIRS: Fully Opened Space

* Separate electric boxes on each floor


1,156 sq. ft.,  2,705 sq. ft lot

YARD: 33x43 + full barn and back porch
 

BEDROOM SIZES:      9.5' x 10.5',
                                10.5' x 14',
                                  14' x 11'

 

Est. Taxes/year: $1200


 

This double zoned property (commercial downstairs/residential upstairs) is ideal for a business or private practice on the first floor and a good sized apartment upstairs. There are some maintenance and repairs necessary to get this property up to full potential with the majority being cosmetic issues (clean up, painting, possible window replacement etc). Sink and toilet needs to be hooked up but they are upstairs and intact. Once the upstairs in cleaned, painted and rearranged is has the potential to be a very nice living space that rents for a good rate. The downstairs is a completely open floor plan so it can be molded into whatever the buyer or tenant of the buyer would like. Currently it is totally filled with inventory from the seller's fabric business but it has been agreed upon that once a deal is in place the seller will move the inventory to a storage facility so it is out of the way. They are currently no known encumbrances on the property. With a low price tag and a high cap rate this duplex has cash flow property written all over it!

 

 


 

Rental Info*:
UPSTAIRS: Projected rent/mo. $650
DOWNSTAIRS: Projected rent/ mo. $850
TOTAL Projected Rent/mo. $1500
Gross Rent/ year $18,000

*disclaimer: theses are estimated prices based on market research in similar locations



 

Property value based on purchase price plus an estimated $12,000 repair and maintenance cost

Comparable properties recently sold in the same area (source: realtor.com)

343 Ferdinand St.
Scranton, PA 18508
1600 sq. ft/ 3049 sq. ft lot
Sold on 09/20/19 for $60,667

116 Green Pl.
Scranton, PA 18509
1,008 sq. ft/ 4,855 sq. ft lot
Sold on 08/16/19 for $77,000

534 N. Rebecca Ave.
Scranton, PA 18504
1,600 sq. ft/ 3,485 sq. ft lot
 Sold on 09/13/19 for $78,000

Room