Scranton PA 3 Unit Fixer! Huge Profits!

Lackawanna County, Scranton, PA, 18504
Sold
Listed at: November 14th, 2023
Price
$107,000
ARV
$230,000
Gross Margin
$123,000
Sq. Footage
1650
Type
Multifamily
Parking
On street
Year build
1950
Lot size
4937.00 sqft
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

Unique Investment Opportunity - 3-Unit Residential Home with Rehab Potential

Welcome to a promising investment opportunity at [121** ACKER AVENUE], where potential meets possibility! This three-unit residential property, boasting a total of 5 bedrooms and 3 bathrooms, awaits your vision and strategic touch.

Key Features:

  • Versatility: With three separate units, this property offers versatility for rental income, multigenerational living, or the potential to live in one unit while renting out the others.
  • Configuration: The property features a total of 5 bedrooms and 3 bathrooms, providing ample living space for future occupants.
  • Utilities: Streamlined utility management with a single water meter and three electric meters, offering convenience for both owners and tenants.
  • Investment Potential: Whether you're an experienced investor or looking for your first project, this property presents a unique opportunity for value appreciation through rehabilitation.

Rehabilitation Needs:

  • Scope: The property is awaiting the finishing touches of a rehabilitation project. Bring your creativity and expertise to complete the transformation.
  • Opportunity: The blank canvas allows you to tailor each unit to your specifications, maximizing the potential rental income or creating a personalized living space.

Additional Information:

  • Address: [1213 ACKER AVENUE]
  • Bedrooms/Bathrooms: 5 beds, 3 baths
  • Utilities: 1 water meter, 3 electric meters
  • Rehab Status: In need of completion, providing the perfect opportunity for customization.

Don't miss out on this chance to turn this 3-unit residential property into a lucrative investment. With its strategic location and versatile layout, the possibilities are endless. Seize the opportunity to shape this property into a profitable venture or a unique residence. Contact us today to schedule a viewing and explore the potential at 1213 Acker Ave!

REQUIREMENTS TO PURCHASE OUR PROPERTIES ALL INSPECTIONS TO BE COORDINATED DIRECTLY WITH DAVID NUMA ****BUYER TO PAY BOTH BUYER'S AND SELLER'S CLOSING COSTS**** ALL PURCHASES REQUIRE A $5,000-$10,000 DEPOSIT TO SELECTED TITLE COMPANY BUYER TO COMPLETE THEIR OWN DUE DILIGENCE ALL PROPERTY INSPECTIONS & VIEWINGS ARE BY APPOINTMENT ONLY DO NOT DISTURB OCCUPANTS DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. Capital King Investments, LLC it's principals and associates do not exist to render, and do not give, legal, tax, economic, or investment advice. Values are strictly an opinion. Rental rates and repair estimates are also strictly an opinion. All numbers should be verified independently. Legal advice should be obtained through a qualified attorney. Capital King Investments, LLC and its principals and associates are not appraisers or general contractors and do not claim to be one. Consult your own independent legal counsel, general contractor, accountant, appraiser, or other advisor as to all legal, tax, investment, economic, financial and other related matters concerning real estate and other investments. Information is not guaranteed, please do your own due diligence.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Numa

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