624 Brook Street Scranton, PA 18505
Listing Courtesy of: SCRANTON / ERA One Source Realty / Leah Gianacopoulos

  624 Brook Street Scranton, PA 18505

Pending (15 Days)
$259,900
7
BED
4
BATH
2,625
SQFT

Description

Welcome to your next investment venture in the heart of Scranton! This multi-family property presents an exceptional opportunity for investors seeking reliable rental income coupled with valuable amenities.Nestled in the vibrant community of Scranton, this property enjoys proximity to essential amenities, including shopping centers, schools, parks, and major transportation routes, ensuring convenience for tenants and facilitating high occupancy rates.With three separate units, including two already rented, this property offers immediate income generation. The consistent demand for multi-family housing in Scranton ensures stable rental returns, making it an attractive investment option. A rare find in multi-family properties, the included two-car garage not only provides convenient parking for tenants but also presents an additional source of income. Whether leased separately or included with one of the units, the garage enhances the property's value proposition. Perfect for families and pet owners, the large fenced yard offers privacy, security, and a serene outdoor space for relaxation and recreation. This feature adds significant appeal to potential tenants, contributing to higher occupancy rates and tenant satisfaction. Enjoy the advantage of low property taxes, enhancing the property's profitability and long-term financial viability. Additionally, each unit is equipped with separate electric meters, ensuring hassle-free utility management for both landlords and tenants.This multi-family property is not only a lucrative investment in the present but also promises robust appreciation potential in the future. Plus a store front/ studio apartment that can be a possibility for more rent , but buyer would need to get their own zoning. With ongoing development and economic growth in Scranton and surrounding areas, real estate values are poised to increase, offering investors the opportunity for significant capital gains.

MLS #:
SC2137
Taxes
$3,106(2024)
Lot Size
6,534 SQFT
Type
Multifamily
Year Built
1950
Style
Traditional
School District
Scranton
County
Lackawanna County

Listed By

Leah Gianacopoulos, ERA One Source Realty
Source
SCRANTON
Last checked May 27 2024 at 6:54 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Eat-In Kitchen
  • Ceiling Fan(s)
  • Laundry: Lower Level
  • Laundry: In Basement
  • Laundry: In Kitchen
  • Laundry: In Unit
Kitchen
  • Microwave
  • Refrigerator
  • Electric Range
Lot Information
  • Level
  • Not In Development
Property Features
  • Fireplace: None
  • Foundation: Combination
Heating and Cooling
  • Steam
  • Natural Gas
  • Ceiling Fan(s)
Basement Information
  • Concrete
  • Unfinished
Pool Information
  • None
Flooring
  • Vinyl
  • Tile
  • Carpet
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected, Cable Connected
  • Sewer: Public Sewer
Parking
  • Detached
  • On Street
Stories
  • Two
Living Area
  • 2,625 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.50
Location
   
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Disclaimer: Copyright 2024 Greater Scranton Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/27/24 11:54