Pending
107 109 Cherry Street
Dunmore PA, 18512
$479,000
$115.56 per sqft
Pending
8 Beds
6 Baths
4,145 sqft
Multi-family
Built in 1938
Discover a rare opportunity to own a highly profitable, income-generating property in the heart of Dunmore, PA! This 5-unit professionally managed multi-family property currently generates 51,100 in annual income and offers significant potential for increased revenue. With a 10-percent cap rate, room for value-add improvements, and rents below market, this is the ideal investment for both seasoned investors and those looking to grow their portfolio.This features separate utilities, ensuring lower overhead and simplified management. There are long-term tenants in place, providing consistent cash flow. Some units could benefit from updates, offering an excellent opportunity to boost rents and further increase income. Prime location in a desirable Dunmore neighborhood, close to schools, shopping, dining, and major highways. This is a well-maintained property with solid bones, offering long-term stability and income growth. Whether you're seeking immediate profitability or looking to improve and maximize income, this is an incredible opportunity. Don't miss your chance to own this high-potential, multi-family investment in a sought-after market.
SC250074
MLSⓇ ID
January 7, 2025
Listed
January 14, 2025
Updated
Map
107 109 Cherry Street
Dunmore PA, 18512
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
6
Full Bathrooms
6
Laundry Description
Gas Dryer Hookup
Fireplace
Yes
Fireplace Description
Gas
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Electric, Natural Gas
Exterior/Building Features
Lot Size
0.17 Acres
Roof
Composition, Wood
Sewer
Public Sewer
School Information
School District
Dunmore
Other Property Details
Taxes
$2,099
Tax Frequency
Annually
Days on Market
10
Garage
No
Parking
On Street
View
No
County
Lackawanna
Water Source
Public
Pool
No
Zoning
R1A
Listing History
Date | Event | Price |
|---|---|---|
1/14/2025 | Pending | — |
Listed by Kate Daye Ruane with Revolve Real Estate
Listing Contact:
The IDX display contains information sourced from the Greater Scranton Board of REALTORS® as of 1/14/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 1/14/2025 at 2:16 AM UTC