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Quincy Student Housing Portfolio 6 biens • Immeuble residentiel • À vendre 6 409 202 $ CAD • Scranton, PA
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Faits saillants de l'investissement
- Attractive Entry Basis: Offered at $65,278 per bed and $158.78 per rentable square foot, providing a favorable cost basis
- Proven Student Housing Demand: Portfolio benefits from consistent student tenancy supported by Scranton’s higher-education institutions
- Diversified Unit Mix: Units range from approximately 350 to 500 SF, appealing to a broad student demographic while supporting efficient operations
- Strong In-Place Cash Flow with Upside: Current 8.24% cap rate, increasing to a 10.56% pro forma cap rate through rent growth and lease-up
- Value-Add Rent Growth Opportunity: Average rents remain below projected market rents across multiple unit types, creating a clear path for NOI growth
- Compelling Yield Profile: Pro forma cash-on-cash return of 18.05% offering strong income and appreciation potential
Résumé de l'annonce
Scope Commercial Real Estate is pleased to present 430 Quincy Avenue and surrounding assets, a 72-unit student housing multifamily portfolio strategically located in Scranton, Pennsylvania. The portfolio consists of multiple well-located residential buildings primarily serving the area’s strong and consistent student renter base.
The property offers approximately 29,600 rentable square feet across efficiently designed studio and one-bedroom units. The portfolio has demonstrated stable historical occupancy with low vacancy, supported by ongoing demand from nearby universities and colleges. Offered at a purchase price of $4,700,000, the portfolio represents a compelling opportunity to acquire a cash-flowing student housing asset at an attractive basis, with meaningful upside through rent growth and operational optimization. The current and pro forma financials reflect strong in-place income with the ability to capture additional value through market rent adjustments.
The property offers approximately 29,600 rentable square feet across efficiently designed studio and one-bedroom units. The portfolio has demonstrated stable historical occupancy with low vacancy, supported by ongoing demand from nearby universities and colleges. Offered at a purchase price of $4,700,000, the portfolio represents a compelling opportunity to acquire a cash-flowing student housing asset at an attractive basis, with meaningful upside through rent growth and operational optimization. The current and pro forma financials reflect strong in-place income with the ability to capture additional value through market rent adjustments.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 6 409 202 $ CAD | Nombre de propriétés | 6 |
| Prix/pi² | 216,53 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 8,24% | Taille totale du bâtiment | 29 600 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,87 AC |
| Statut | Actif |
| Prix | 6 409 202 $ CAD |
| Prix/pi² | 216,53 $ CAD / pi² |
| Taux de capitalisation | 8,24% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 6 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 29 600 pi² |
| Superficie totale du terrain | 0,87 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 430 Quincy Ave, Scranton, PA 18510 | Immeuble residentiel | 6 000 pi² | 1950 | - |
| 435 Clay Ave, Scranton, PA 18510 | Immeuble residentiel | 6 000 pi² | 1930 | - |
| 423 N Webster Ave, Scranton, PA 18510 | Immeuble residentiel | 5 200 pi² | 1916 | - |
| 408 Taylor Ave, Scranton, PA 18510 | Immeuble residentiel | 4 900 pi² | 1925 | - |
| 413 Taylor Ave, Scranton, PA 18510 | Immeuble residentiel | 4 800 pi² | 1920 | - |
| 428 Clay Ave, Scranton, PA 18510 | Immeuble residentiel | 2 700 pi² | 1930 | - |
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Quincy Student Housing Portfolio
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