South Side
(Scranton City,
Pennsylvania,
US -
18505)
Built
- Cash Cow Money Maker!
- Type: Multifamily
- Style: Fourplex
- Bedrooms: 8
- Bathrooms: 4
- Garage: Double, Detached
- Development Level: Built
- Taxes: $4,015.67 (2018)
Description
This fully rented four unit building nets the owner approximately $20,000 per year!
The building consists of four 2 Bedroom units, each with a living room and eat in kitchen. The two car garage provides additional rental income. Tenants pay their own electric and cooking gas.
Gross rents are $35,000 and total expenses are $15,000, giving you a 10% return on investment at full asking price.
Brokered and Advertised by :
Keystone Realty USA
Population
Total population
|
20,176
|
Male population
|
9,541
|
Female population
|
10,635
|
Median age
|
38.40
|
Median age (male)
|
36.30
|
Median age (female)
|
40.30
|
Marital status (Number of people who have the following marital status)
Never married
|
6,150
|
Married
|
7,129
|
Separated
|
411
|
Widowed
|
1,262
|
Divorced
|
1,776
|
Population by age
Under 15
|
3,859
|
Age 15 to 24
|
2,448
|
Ages 25 to 44
|
5,362
|
Ages 45 to 64
|
5,108
|
Age 65 and over
|
3,399
|
Population mobility
Live in the same house as 1 year ago
|
17,167
|
Moved from abroad
|
60
|
Moved from a different state
|
489
|
Moved from the same county
|
1,782
|
Moved from the same state
|
380
|
Population by poverty level
Above poverty level
|
15,313
|
Below poverty level (daily income under $1.90/day)
|
4,099
|
Employment
White collar
|
6,486
|
Blue collar
|
2,400
|
Class of worker
Self employed
|
675
|
Private company
|
5,945
|
Not for profit company
|
1,116
|
Government workers
|
1,150
|
Households
Total households
|
8,215
|
Family households
|
4,765
|
Non-family households
|
3,450
|
Households with children
|
2,206
|
Households without children
|
6,009
|
Average people per household
|
2.40
|
Education (Number of people who have achieved the following levels of education)
No high school
|
957
|
Some high school
|
7,428
|
Some college
|
3,046
|
Associate degree
|
840
|
Bachelors degree
|
2,516
|
Graduate degree
|
1,123
|
Income/Financial
Average household income
|
$54,568
|
Median household income
|
$39,943
|
Median income under 25
|
$15,398
|
Median income 25-44
|
$47,414
|
Median income 45-64
|
$45,277
|
Median income over 65
|
$33,304
|
Housing occupancy
Housing units
|
9,641
|
Occupied housing units
|
8,215
|
Owner occupied units
|
4,427
|
Renter occupied units
|
3,788
|
Median housing costs per month
|
$748
|
Median gross rent per month
|
$724
|
Housing by year built
Year built median
|
1943
|
Built before 1939
|
4,487
|
Built between 1940 and 1949
|
987
|
Built between 1950 and 1959
|
1,308
|
Built between 1960 and 1969
|
1,045
|
Built between 1970 and 1979
|
615
|
Built between 1980 and 1989
|
626
|
Built between 1990 and 1999
|
285
|
Built between 2000 and 2009
|
182
|
Built after 2010
|
106
|
Housing mortgage situation
Houses with mortgage
|
2,378
|
Houses without mortgage
|
2,049
|
Median value with mortgage
|
$108,800
|
Median value without mortgage
|
$98,200
|
Data on community demographics provided by OnBoard LLC Copyright © OnBoard LLC. Information is deemed reliable but is not guaranteed. All community demographics data is for the year 2017 unless otherwise specified.
P2#293786939
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Information is deemed to be correct but not guaranteed or warranted .