115-117 Penn Avenue

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290,000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term appreciation potential in a revitalizing urban core.A true turnkey, low-maintenance mixed-use asset in one of Scranton's most active and improving downtown corridors.