Se Connecter/S’inscrire
Votre courriel a été envoyé.
430 Quincy Ave
Scranton, PA 18510
Quincy Student Housing Portfolio · Immeuble residentiel Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Attractive Entry Basis: Offered at $67,361 per unit and $163.85 per SF, providing a favorable cost basis relative to replacement and comparable assets
- 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 8.05% cap rate, increasing to a 10.30% 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 17.02% with a projected total return exceeding 22%, offering strong income
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 $4,850,000, 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 $4,850,000, 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.
Faits sur la propriété
| Prix/pi² | 1 110 $ CAD / pi² | Nombre de propriétés | 6 |
| Taux de capitalisation | 8,05% | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 6 000 pi² |
| Statut | Actif | Superficie totale du terrain | 0,15 AC |
| Prix/pi² | 1 110 $ CAD / pi² |
| Taux de capitalisation | 8,05% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 6 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 6 000 pi² |
| Superficie totale du terrain | 0,15 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 | - |
1 de 7
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
