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Quincy Student Housing Portfolio 2 biens | Immeuble residentiel | À vendre | 4 184 919 € | Scranton, PA
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Informations principales sur 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 7.99% cap rate, increasing to a 10.23% 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 16.74% offering strong income and appreciation potential
Résumé analytique
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.
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Informations sur l’immeuble
| Prix | 4 184 919 € | Nb de biens | 6 |
| Prix/m² | 3 754 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,99 % | Surface totale de l’immeuble | 1 115 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,12 ha |
| Statut | Actif |
| Prix | 4 184 919 € |
| Prix/m² | 3 754 € / m² |
| Taux de capitalisation | 7,99 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 6 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 1 115 m² |
| Surface totale du terrain | 0,12 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 430 Quincy Ave, Scranton, PA 18510 | Immeuble residentiel | 557 m² | 1950 | - |
| 435 Clay Ave, Scranton, PA 18510 | Immeuble residentiel | 557 m² | 1930 | - |
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Quincy Student Housing Portfolio
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