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New Build: 2 Duplexes(4 units) in Scranton 627-629 Prescott ave 4 Unit Dormitory $1,139,269 CAD ($284,817 CAD/Unit) 9.56% Cap Rate Scranton, PA 18510

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Investment Highlights

LERTA Tax Abatement
New construction

Opportunity zone
Parking

Executive Summary

627 & 629 Prescott Ave, Hill Section. Package sale: 2 brand-new duplexes, 4 units, separate deeds. $6,725/mo combined ($80,700/yr gross); tenants pay utilities. Opportunity Zone. LERTA tax abatement approved: major tax savings vs. non-abated new construction. FHA/VA eligible. Priced below replacement cost. Ideal for OZ investors or owner-occupants.

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Financial Summary (Actual - 2025) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$1,139,269 CAD	Building Class	C
Price Per Unit	$284,817 CAD	Lot Size	0.73 AC
Sale Type	Investment	Building Size	3,928 SF
Cap Rate	9.56%	Average Occupancy	100%
No. Units	4	No. Stories	1
Property Type	Multifamily	Year Built	2024
Property Subtype	Dormitory Multifamily Apartments	Parking Ratio	1.53/1,000 SF
Apartment Style	Single-Family Home	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-10 - Residential Single Family (Town/City Single Family Residential)

Price	$1,139,269 CAD
Price Per Unit	$284,817 CAD
Sale Type	Investment
Cap Rate	9.56%
No. Units	4
Property Type	Multifamily
Property Subtype	Dormitory Multifamily Apartments
Apartment Style	Single-Family Home
Building Class	C
Lot Size	0.73 AC
Building Size	3,928 SF
Average Occupancy	100%
No. Stories	1
Year Built	2024
Parking Ratio	1.53/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-10 - Residential Single Family (Town/City Single Family Residential)