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316-322 Taylor Ave 19 Unit Apartment Building $2,400,000 ($126,316/Unit) 8.60% Cap Rate Scranton, PA 18510
INVESTMENT HIGHLIGHTS
- Parking on site
- Utilites billed back
- $600,000 in recent improvements
- Laundry on site
- Stabilized asset with upside potential
- New Boiler 2025
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity at 19 Unit in Scranton located at 316-320 Taylor Ave, Scranton, PA 18510. This turn-key 19-unit, 54-bedroom multifamily asset offers a versatile income stream ideal for various rental strategies, including student housing, traveling nurses, Airbnb, or traditional multifamily setups. Boasting a high occupancy rate and strong cash flow from day one, this property has undergone over $600,000 in capital improvements, ensuring value and increased rent potential. Benefit from the recent installation of a brand-new $60,000 boiler in 2025, adding a modern touch to this prime asset. With a strategic location in Scranton, Pennsylvania, and top-tier property management already in place, this investment presents a rare opportunity for instant income and long-term upside potential. Don't miss out on the chance to secure a solid investment in this thriving market.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Gas Range
- Wi-Fi
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,050 | 600 |
| 2+1 | 1 | $1,225 | 800 |
| 3+1 | 15 | $1,575 | 1,000 |
| 4+1 | 1 | $1,725 | 1,200 |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 15709020005 | Improvements Assessment | $35,800 |
| Land Assessment | $6,200 | Total Assessment | $42,000 |
PROPERTY TAXES
Parcel Number
15709020005
Land Assessment
$6,200
Improvements Assessment
$35,800
Total Assessment
$42,000
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316-322 Taylor Ave
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