656 S Keyser Ave - Apartments FOR SALE


Scranton, PA 18504- West Mountain
$2,340,000 USD
484-557-0907
656 S Keyser Ave, Scranton, PA for Sale
$2,340,000 USD
Apartments - FOR SALE
1/75
null | 5.95% Cap Rate

656 S Keyser Ave
Scranton, PA 18504
West Mountain


OVERVIEW

KW Commercial is pleased to present this West Scranton multifamily portfolio comprised of eight two-story townhouses and three two-story duplexes creating a total of 14 apartment units. The townhouses are part of the highly coveted, 41-unit, Keyser Terrace Townhouse Community and a part of that homeowner's condominium association. The six duplex units are located directly adjacent to the Keyser Terrace Townhouse Community, but they are not part of the condominium association. All eight of the townhomes have garages and the duplexes have a private parking lot directly in front of the buildings for off street parking. The buyer earns the right to cash flow, tax benefits and equity growth. Additionally, rents are currently below market so this portfolio gives the buyer the opportunity to increase the cash flow and subsequently increase the property value through rental rate increases.

FOR SALE DETAILS

PRICE

$2,340,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

14

PRICE/UNIT

$167,143

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.5 AC

LAND SF

283,140 SF

ZONING

C-N

APN/PARCEL ID

14404020027

ASK ABOUT THIS PROPERTY

Nile ThompsonKW CommercialMore Info
484-557-0907

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Nile ThompsonKW CommercialMore Info
484-557-0907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.