824 Brook Street Scranton, PA 18505

Multi-Family (2-4 Units) MLS #: SC-2137 Courtesy Of ERA One Source Realty

$259,900

7 beds | 4 baths | 2,625 sq ft
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Est. Property Tax: $3,105
Estimated monthly payments: $1,395/mo.* (recalculate)
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Property InformationDescription

Welcome to your next investment venture in the heart of Scranton! This multi-family property presents an exceptional opportunity for investors seeking reliable rental income coupled with valuable amenities. Nestled in the vibrant community of Scranton, this property enjoys proximity to essential amenities, including shopping centers, schools, parks, and major transportation routes, ensuring convenience for tenants and facilitating high occupancy rates.With three separate units, including two already rented, this property offers immediate income generation. The consistent demand for multi-family housing in Scranton ensures stable rental returns, making it an attractive investment option. A rare find in multi-family properties, the included two-car garage not only provides convenient parking for tenants but also presents an additional source of income. Whether leased separately or included with one of the units, the garage enhances the property's value proposition. Perfect for families and pet owners, the large fenced yard offers privacy, security, and a serene outdoor space for relaxation and recreation. This feature adds significant appeal to potential tenants, contributing to higher occupancy rates and tenant satisfaction. Enjoy the advantage of low property taxes, enhancing the property's profitability and long-term financial viability. Additionally, each unit is equipped with separate electric meters, ensuring hassle-free utility management for both landlords and tenants. This multi-family property is not only a lucrative investment in the present but also promises robust appreciation potential in the future. Plus a store front/ studio apartment that can be a possibility for more rent , but buyer would need to get their own zoning. With ongoing development and economic growth in Scranton and surrounding areas, real estate values are poised to increase, offering investors the opportunity for significant capital gains.

Features

  • Basement: Unfinished
  • Exterior Description: Aluminum Siding
  • Exterior Living Space: Porch
  • Garage Count: 2 Car Garage
  • Garage Description: Detached Garage
  • Heating - Fuel Type: Gas
  • Heating Type: Steam Heat
  • Lot Description: Level
  • Lot Size: 0.15 Acres
  • Roof: Composition Shingle
  • Sewer: Central
  • Style: 2 Story
  • Water: Central

MAP & DIRECTIONS

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824 Brook Street, Scranton, PA 18505
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School Information

824 Brook Street, Scranton, PA 18505

Elementary School
Grades 5-8 | Public School
SOUTH SCRANTON INTERMEDIATE SCHOOL
Scranton, PA 18505
355 Maple St
570.­348.3631
Distance: 0.7 mi
School Rating
C
Student:Teacher Ratio
16:1
Total Students
630
Elementary School
Grades KG-4 | Public School
MCNICHOLS EDUCATIONAL PLAZA
Scranton, PA 18505
1111 S Irving Ave
570.­348.3685
Distance: 0.2 mi
School Rating
D+
Student:Teacher Ratio
13:1
Total Students
374
Middle School
Grades 5-8 | Public School
SOUTH SCRANTON INTERMEDIATE SCHOOL
Scranton, PA 18505
355 Maple St
570.­348.3631
Distance: 0.7 mi
School Rating
C
Student:Teacher Ratio
16:1
Total Students
630
High School
Grades 9-12 | Public School
WEST SCRANTON HIGH SCHOOL
Scranton, PA 18504
1201 Luzerne St
570.­348.3616
Distance: 1.8 mi
School Rating
C-
Student:Teacher Ratio
13:1
Total Students
1218
Other Nearby Schools Distance Type Grades School Rating
Milton Eisner Yeshiva High School 0.6 mi Private 9-12
John G. Whittier Elementary School 0.8 mi Public KG-4 C
John F. Kennedy Elementary School 0.8 mi Public KG-4 C
Pa Treatment & Healing - Scranton 1.0 mi Private 7-12
Howard Gardner Multiple Intelligence Charter School 1.0 mi Public KG-8 B-
Montessori Kindergarten 1.3 mi Private PK-KG
Scranton Hebrew Day School 1.5 mi Private KG-8
Bnos Yisroel Girls High School 1.6 mi Private 9-12
Frances Willard Elementary School 1.6 mi Public KG-4 C+
William Prescott Elementary School 1.8 mi Public KG-4 C
Northeast Scranton Intermediate School 1.8 mi Public 5-8 D+
West Scranton Intermediate School 1.9 mi Public 5-8 C-
All Saints Academy 2.0 mi Private PK-8
Scranton High School 2.0 mi Public 9-12 C-
Charles Sumner Elementary School 2.1 mi Public PK-4 B-
Scranton Preparatory School 2.1 mi Private 9-12
John Adams Elementary School 2.2 mi Public KG-4 C-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Scranton, PA 18505

Median Age: 38
Married: 38%
Number of Households: 8,323
Households with Children: 30.4%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home