USAPAScranton522 524 River Street
522 524 River | Image 1
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$499,000

522 524 River Street, Scranton, PA

Condo

For Sale

$--,---,---
850
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 7200 sqft
Garage No
Maintenance Fees 
Taxes $7,129
Days Active 56
Approx. Age 1919
Avg. Price Per Sqft $69
MLS® Number PW251537

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberPW251537
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorPrivate Yard
GarageNo
Approx. Age1919
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric
A/CCeiling Fan(s)
Heating Fuel

Extras

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