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Listed by Richard Caridi Iron Valley RE Innovate - Lords Valley
$ 5,300,000
Est. payment /mo
Price Dropped by $200K
1201-1207 Mulberry ST Scranton, PA 18510
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Municipality Lackawanna - Lackawanna County
MLS Listing ID PW-262035
Year Built 2001
Property Sub-Type Mixed Use
Source Pike/Wayne Association of REALTORS®
Property Description
Rare opportunity to acquire a well-maintained portfolio of five buildings comprising 18 units (14 residential student housing units and 4 commercial units) in Scranton's desirable Hill Section, just steps from the University of Scranton. This established investment features a variety of unit sizes ranging from 2 to 5 bedrooms, many with multiple baths, providing strong rental demand and diversified income streams. The portfolio includes 1201-1203 Mulberry Street, a four-unit commercial building with six student housing units, 418-420 N. Webster Avenue, 1205-1207 Mulberry Street, 406 N. Webster Avenue, 410-412 N. Webster Avenue, and 414-416 N. Webster Avenue, along with a dedicated parking lot. Exceptionally maintained and strategically located in one of Scranton's strongest rental markets, this turnkey offering presents an outstanding opportunity for investors seeking stable income and long-term growth in a prime location near the University of Scranton. Website: https://scrantonstudenthousing.com/
Location
State PA
County Lackawanna
Interior
Heating Natural Gas, Oil
Exterior
Parking Features Parking Lot
View Y/N No
Roof Type Asphalt,Rubber
Garage No
Building
Lot Description City Lot, Corner Lot
Sewer Public Sewer
Water Public
Others
Tax ID 15737020015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional