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605-609 Pittston 605 Pittston Ave 8 Unit Apartment Building $689,900 ($86,238/Unit) 12.82% Cap Rate Scranton, PA 18505
EXECUTIVE SUMMARY
This sale consists of two apartment buildings- First building is 4 units (605 Pittston Ave.). Behind this 4 unit is a 1,564 block garage built in 2003 --tenant is an auto repair center. Second building is a 2 unit (609 Pittston Ave.). Behind the 2 unit apartment building is a 3,200 SF garage used for auto detailing. Please see attached Income/Expense sheet. Fully rented, great opportunity.
PROPERTY FACTS
| Price | $689,900 | Building Class | C |
| Price Per Unit | $86,238 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 10,968 SF |
| Cap Rate | 12.82% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial | ||
| Price | $689,900 |
| Price Per Unit | $86,238 |
| Sale Type | Investment |
| Cap Rate | 12.82% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 10,968 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
AMENITIES
SITE AMENITIES
- Car Wash Area
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 15616030028 | Improvements Assessment | $20,000 |
| Land Assessment | $3,200 | Total Assessment | $23,200 |
PROPERTY TAXES
Parcel Number
15616030028
Land Assessment
$3,200
Improvements Assessment
$20,000
Total Assessment
$23,200
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605-609 Pittston | 605 Pittston Ave
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