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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
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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
NEARBY SCHOOL & BUSINESS
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