848 CAPOUSE AVE Scranton, PA 18509
2,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $109
MLS Listing ID PALW2000590
Style Contemporary
Abv Grd Liv Area 2,600
Originating Board BRIGHT
Year Built 1973
Annual Tax Amount $4,257
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Detached
Property Description
QUADRUPLEX! CALLING ALL INVESTORS – Fully Rented 4-Unit with Under Market Rents and Major Upside!
Turnkey Income + Future Growth!
Welcome to a rare 4-unit investment opportunity in Scranton's highly desirable Pine Brook neighborhood! Fully rented and generating cash flow, this building offers immediate returns plus significant upside with current rents below market rates. Simply renew leases at updated market levels to substantially increase your cash flow and boost overall property value.
Current gross rental income: $38,100/year
Projected market rent: $46,800/year
Potential cap rate boost from 11.5% to 14.6%!
Low expenses and tenant-paid utilities
Minutes from Downtown Scranton, shopping, parks, and highways
Enjoy immediate cash flow and the opportunity for strong future growth. Do not miss this opportunity to add this investment property to your portfolio.
Location
State PA
County Lackawanna
Area Scranton City (13634)
Zoning RESIDENTIAL/COMMERCIAL
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Microwave, Refrigerator
Appliance Microwave, Refrigerator
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Prescott
Middle Schools West Scranton
High Schools Scranton
School District Scranton
Others
Tax ID 14516040006
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
