2028 Margaret Avenue

Scranton, PA 18508

$229,000
Price
6
Beds
2,258 Sq. Ft.
$101 / Sq. Ft.
2,258
Sq. Ft.
$101
per Sq. Ft.

Description

Prime Investment Opportunity - Turnkey Two-Unit Property This fully turnkey, two-unit investment property offers an outstanding opportunity for investors seeking steady cash flow and immediate returns. With a remarkable 10.8 cap rate, this property is ideal for building or expanding your real estate portfolio. Property Highlights: Unit 1: Currently occupied by reliable tenants, providing consistent rental income. Unit 2: Vacant and ready for occupancy, allowing flexibility for an owner-occupant or...Prime Investment Opportunity - Turnkey Two-Unit Property This fully turnkey, two-unit investment property offers an outstanding opportunity for investors seeking steady cash flow and immediate returns. With a remarkable 10.8 cap rate, this property is ideal for building or expanding your real estate portfolio. Property Highlights: Unit 1: Currently occupied by reliable tenants, providing consistent rental income. Unit 2: Vacant and ready for occupancy, allowing flexibility for an owner-occupant or quick leasing. Utilities: Completely split for both units, minimizing landlord responsibilities and simplifying management. Turnkey Condition: Both units are well-maintained and require no immediate updates, ensuring a hassle-free investment. Upgrades: New Paint, New Carpet, New appliances in left side including: Refrigerator, Stove and Dishwasher. Baker WaterProofed Basement (warranty is transferable) New Gutters, Electric upgrades and New Chimney liner. Whether you're looking to live in one unit while earning rental income from the other or seeking a fully income-generating property, this versatile investment delivers exceptional value. With strong rental demand and great cash flow potential, this property won't stay on the market long! Contact us today to schedule a showing and secure your next investment.
  1. Listed by Christine Ives Polizzi • Brokerage DRE #RB067456 • EXP Realty LLC
    P: (570)-561-7189 C: (570)-561-7189 chrissi.polizzi@exprealty.com

Property Details for 2028 Margaret Avenue

Architectural Style
Duplex Side by Side
Zoning Description
R1
Zoning
Multi-Family
Parking Total
5.0
Waterfront
No
LISTING UPDATED: 02/05/2025 04:59 PM

Property Details for 2028 Margaret Avenue

StatusPending
MLS #SC250382
Days on Market8
Taxes$3,696 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1925
Lot Size0.17 AC / 7,405 SF
CountyLackawanna County

Building Information for 2028 Margaret Avenue

Stories2Residences2Year Built1925Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 2028 Margaret Avenue

Summary
Location and General Information
  • Municipality: North Scranton
  • Directions: Main Street to West market to right at cole muffler, to 2nd right on William which turns into Margaret
  • City: Scranton
  • State/Province: PA
  • Postal Code: 18508
  • County: Lackawanna
  • Latitude: 41.439896
  • Longitude: -75.655011
Taxes and HOA Information
  • Tax Book Number: 202209185
  • Tax Assessed Value: 14000
  • Tax Legal Description: 47X160 W-01 B-012 L-027 P-010
  • Tax Year: 2024
  • Parcel Number: 13505030011
  • Association: No
  • Tax Annual Amount: $3,696.00
Parking
  • Garage Spaces: 2.00
  • Parking Features: Garage, Off Street, On Street
School Information
  • School District: Scranton
Property
Lot Information
  • Lot Size Dimensions: 47X160
  • Living Area: 2258.0
  • Lot Size Area: 0.17
  • Number of Buildings: 1
Property and Assessments
  • Property Information:Basement: Unfinished
  • Year Built: 1925
  • Property Sub Type: Multi Family
  • Property Type Label: Residential Income
  • New Construction: No
  • Construction Materials: Attic/Crawl Hatchway(s) Insulated
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Bathrooms Total (Integer): 2
  • Bedrooms Total: 6
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Appliances: Dishwasher, Refrigerator, Other, Electric Oven
Exterior Features
  • Roof: Asphalt
  • Exterior Features: Private Yard
  • Foundation Area: .00
  • Senior Community: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses Information
  • Operating Expense: $5,936.00
  • Electric Expense: $.00
  • Water Sewer Expense: $.00
  • Gross Income: $30,600.00
  • Net Operating Income: $24,664.00
  • Insurance Expense: $1,255.00

Property History for 2028 Margaret Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2028 Margaret Avenue

This home is within Scranton School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Neil Armstrong #40
PublicK to 4

South Scranton Intrmd School
Public5 to 8

West Scranton High School
Public9 to 12

Howard Gardner School for Discovery
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of EXP Realty LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.