2026 2028 Margaret Avenue, Scranton, PA 18508
$229,000














































Property Type:
Residential Income
Bedrooms:
6
Baths:
2
Lot Size (sq. ft.):
7,405
Status:
Pending
Current Price:
$229,000
List Date:
1/29/2025
Last Modified:
2/05/2025
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 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.
More Information MLS# SC-250382
Contract Information
Current Price: $229,000
List Price: $229,000
Status: Pending
Listing Contract Date: 2025-01-28
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Seller Offers Concessions YN: Yes
Owner Name: Douglas & Rebecca Milton
Location Tax and Legal
Street Number: 2026
Street Name: 2028 Margaret
Street Suffix: Avenue
State: PA
Postal Code: 18508
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Bedrooms Total: 6
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 2258
Below Grade Unfinished Area: 950
Living Area: 2258
Enhanced Accessible: No
Year Built: 1925
Year Built Source: Assessor
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Open Parking Spaces: 4
Parking Total: 5
Lot Size Acres: 0.17
Lot Size Dimensions: 47X160
Land Lease YN: No
Association YN: No
Waterfront YN: No
Basement YN: Yes
Stories: 2
Spa YN: No
Senior Community YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 101.42
Remarks and Miscellaneous
Public Remarks: 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.
Inclusions: Refrigerator, Stove and Dishwasher- All seller owned appliances
Exclusions: Washer and Dryer.
Status Change Information
Major Change Timestamp: 2025-02-05T21:57:21Z
Major Change Type: Status Change
Status Change Timestamp: 2025-02-05
Purchase Contract Date: 2025-02-05
Income and Expenses
Cap Rate: 10
Gross Income: 30600
Insurance Expense: 1255
Net Operating Income: 24664
Operating Expense: 5936
Unit 1
Unit #: 2026
Actual Rent: 1275
Security Deposit $: 1250
SqFt Total: 1068
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 2028
Actual Rent: 1061
SqFt Total: 1073
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Unit Remarks: Vacant
Property Features
Appliances: Dishwasher; Electric Oven; Refrigerator; Other
Architectural Style: Duplex Side by Side
Basement: Unfinished
Common Walls: 1 Common Wall
Community Features: None
Construction Materials: Attic/Crawl Hatchway(s) Insulated
Current Use: Multi-Family
Exterior Features: Private Yard
Fencing: Back Yard; Fenced; Wood
Income Includes: Rent Only
Laundry Features: Electric Dryer Hookup; Washer Hookup
Owner Pays: Insurance; Taxes
Parking Features: Garage; Off Street; On Street
Pool Features: None
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Showing Service
Spa Features: None
Structure Type: Duplex
Tenant Pays: All Utilities
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
View: Neighborhood
Water Source: Public
Listing Office: EXP Realty LLC
Last Updated: February - 05 - 2025
Information deemed reliable but not guaranteed.