



Outstanding Investment Opportunity Near University of Scranton!!! With many years of rental history available. Positioned just a five-minute walk to the University of Scranton campus and directly across from the junior/senior Elizabeth Ann Seton student housing, this three-level, six-bedroom, three full bath property offers exceptional income potential in a highly desirable student housing rental location.This property has a proven track record of strong student rental performance and is currently leased to a telecommunications company on a one-year lease extending through April 2027, generating 2,500 per month with tenants responsible for all utilities. Producing over $25,000 in net annual income, this asset delivers an impressive 11.6p percent cap rate.Recent capital improvements include a roof repair and professional coating with APOC 243 in October 2025, providing an extended lifespan expected to last approximately ten years--offering peace of mind and reduced near-term maintenance costs.With consistent demand driven by its prime location and strong returns already in place, this is a turnkey, income-producing property that presents a compelling opportunity for both seasoned and new investors.
| Year | Tax amount | |
|---|---|---|
| 2026 | USD $3508 | NZD $6,308* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to CLASSIC PROPERTIES
Property ID: 110108505077
Original Property ID: 3yd-GSBRPA-SC262587