615 New York St Dunmore, PA 18509
- Commercial real estate
- 7,200 SF
Current Use by Public Records
- Commercial real estate
Property Details for 615 New York St
- Property size
- 7,200 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit apartment building located at 615 New York Street in Dunmore, Pennsylvania, 18509. The property, classified as a Class C multifamily building, boasts a total of 7,200 square feet and is offered at $999,000, translating to $138.75 per square foot and $166,500 per unit. Each of the six units is a spacious townhouse-style apartment, featuring four bedrooms and one and a half bathrooms. The building's prime location offers tenants convenient walking access to downtown Scranton's vibrant array of bars and restaurants, fostering a strong appeal to renters seeking a lively community atmosphere and easy access to local amenities. This desirable location and well-designed unit layout contribute to the property's potential for attracting long-term tenants, ensuring consistent rental income. The property's strong potential for generating income makes it an attractive addition to any investment portfolio. This well-maintained asset represents a rare opportunity to acquire a profitable investment in the heart of Dunmore. The property is situated in Lackawanna County and offers a compelling combination of location, unit design, and income potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dunmore
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6447274
- Latitude
- 41.4219943
