South Side (Scranton City, Pennsylvania, US - 18505) Built

$199,000

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Ruddy Realty

Sylvia O'Keefe Associate Broker 570-281-3327ext 12 (Office) 570-362-3020 (Cell) 570-282-4389 (Fax) Request More Info

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.

Attachments

View Listing Brochure

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 .