545 Prescott Avenue, Scranton, PA 18510 (MLS# SC-250984)

545 Prescott Avenue, Scranton, PA 18510

$449,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $449,000 List Date: 3/10/2025 Last Modified: 3/10/2025

Description

Exceptional Income-Producing Property! This 4-unit multifamily property offers outstanding income potential, making it an ideal opportunity for both seasoned and first-time investors. Featuring nicely updated, well-maintained units with thoughtful layouts, this property ensures tenant satisfaction and consistent occupancy. Located just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and shopping hubs, this prime location attracts a wide range of tenants, including students, medical professionals, and those seeking convenience. For investors, this property is a turn-key investment ready to generate solid rental income immediately. It offers a perfect balance of immediate returns and long-term growth potential, making it an excellent addition to any portfolio. In a high-demand rental area, this opportunity won't last long. Secure this income-producing property and add a valuable asset to your portfolio today! Also available is MLS SC-250982.

More Information MLS# SC-250984

Contract Information

Current Price: $449,000 List Price: $449,000 Status: Active Listing Contract Date: 2025-03-07 Property Sub Type: Multi Family Listing Agreement: Exclusive Agency Owner Name: 545 Prescott LLC

Location Tax and Legal

Street Number: 545 Street Name: Prescott Avenue State: PA Postal Code: 18510 County: Lackawanna

General Property Information

Number Of Units Total: 4 Bedrooms Total: 8 Bathrooms Total: 4 Bathrooms Full: 4 Above Grade Finished Area: 4092 Below Grade Unfinished Area: 1471 Living Area: 4092 Enhanced Accessible: No Year Built: 1930 Year Built Source: Other New Construction YN: No Lot Size Acres: 0.06 Lot Size Dimensions: 53X50X56X50 Waterfront YN: No Basement YN: Yes Stories: 3 Auction YN: No List Price/SqFt: 109.73

Remarks and Miscellaneous

Public Remarks: Exceptional Income-Producing Property! This 4-unit multifamily property offers outstanding income potential, making it an ideal opportunity for both seasoned and first-time investors. Featuring nicely updated, well-maintained units with thoughtful layouts, this property ensures tenant satisfaction and consistent occupancy. Located just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and shopping hubs, this prime location attracts a wide range of tenants, including students, medical professionals, and those seeking convenience. For investors, this property is a turn-key investment ready to generate solid rental income immediately. It offers a perfect balance of immediate returns and long-term growth potential, making it an excellent addition to any portfolio. In a high-demand rental area, this opportunity won't last long. Secure this income-producing property and add a valuable asset to your portfolio today! Also available is MLS SC-250982.

Status Change Information

Major Change Timestamp: 2025-03-10T17:10:07Z Major Change Type: New Listing Status Change Timestamp: 2025-03-10

Unit 1

Unit #: 1 Actual Rent: 1300 SqFt Total: 1392 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes

Unit 2

Unit #: 2 Actual Rent: 1000 SqFt Total: 614 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes

Unit 3

Unit #: 3 Actual Rent: 900 SqFt Total: 614 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes

Unit 4

Unit #: 4 Actual Rent: 1250 SqFt Total: 1197 Baths Total: 1 Beds Total: 3 Dining Room YN: Yes Kitchen YN: Yes

Meter Information

Number Of Separate Electric Meters: 4 Number Of Separate Gas Meters: 4 Number Of Separate Water Meters: 1

Property Features

Basement: Unfinished Cooling: None Current Use: Investment; Multi-Family Flooring: Tile; Wood Heating: Baseboard; Electric; Natural Gas Levels: Three Or More Lot Features: Corner Lot; Irregular Lot Owner Pays: Repairs; Sewer; Trash Collection; Water Parking Features: On Street; Paved Possession: Close Of Escrow Road Surface Type: Asphalt Roof: Composition Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Appointment Only; Security System Structure Type: Multi Family Tenant Pays: Electricity; Gas Water Source: Public
Listing Office: Berkshire Hathaway Home Services Preferred Properties
Last Updated: March - 10 - 2025
Information deemed reliable but not guaranteed.