510 Quincy Ave Scranton, PA 18510

This well-maintained, two-story apartment building in Scranton, PA, presents a compelling investment opportunity. The property, located at 510 Quincy Ave, features six one-bedroom, one-bathroom units, each with its own electric meter. All units are currently occupied, generating a substantial net operating income (NOI) of $48,316, representing an 8.49% capitalization rate. Built in 1950, the 3,900 square foot building sits on a 0.08-acre lot and is zoned for multi-family use. The asking price is $569,000, translating to $145.90 per square foot and $94,833.33 per unit. The property's consistent occupancy and strong rental demand in the downtown Scranton area promise stable and immediate cash flow for investors. This represents a chance to acquire a multi-unit property, streamlining investment and diversifying risk. The building's history of low maintenance costs further enhances its appeal. This is an excellent opportunity for investors seeking a proven, income-generating asset in a desirable location. The property's location in downtown Scranton offers easy access to local amenities and transportation. The building's solid construction and consistent occupancy history make it a low-risk, high-reward investment.