All Forum Posts by: Adam Guiffrida

No, condemned is  shut down by the CITY OF SCRANTON for building for health violations. Usually the properties have orange stickers on the front door. But, sometimes they are missing and people do not realize they are condemned. It is a nightmare and opens up a whole can of worms.

You got it buddy. One last thing, always beware of condemned properties. Check with the city before you buy. And also confirm the number of units with the city. There are lots of illegal units in the area

BTW, if you need a Realtor @Louis Roggeman,

Call: Kristen Baigis or Stephen Franco

Good Luck

Louis,

Great to hear your are coming to invest in town. Scranton is large. Its 26 square miles. North, South, East, and West is the best way to detail Scranton.

• East Scranton is one of my favorites, it houses the Medical College, two Universities, and two large hospitals.
• West Scranton is starting to be over-run by gangs and drugs
• North Scranton is off the beaten path but can still offer good opportunities
• South Scranton was the rough neighborhood for a while but now it is up and coming. Lots of government money has rehabbed some of the worst blocks. I have been focusing there in the past few years. It is more low-moderate income, but lots of properties to pick from

Hope this helps,

Adam

I am a substantial multi-family investor in scranton. The rental market is very strong and housing prices are very low. Unfortunately, the politics has landed Scranton some high real estate taxes. But I strongly recommend the area. Just be very careful with condemned properties. 

Amy, just saw those come in. I'm not building new anymore so the land will not work for me. But anything 4+ units in the scranton and boardering areas I'm interested. Thanks again

Amy, thanks for thinking of me. Unfortunately I am pretty adamant about staying in the NEPA area. The Poconos is a far reach for me and it would not be feasible to bring my crews and professionals up there to work. But anything in the Scranton or surrounding area I am interested in.

Good luck with your selling pursuit

@Geoffrey Rittenhouse

I have 6 units in the Green Ridge Section of Scranton for $1100 per pop, a few buildings in the Hill Section of Scranton for $1000-1100 and 5 units in Downtown Dunmore getting $1000-1050.

Almost all of the downtown buildings are getting $700-900 per one bedroom and $1200-1400 for two bedrooms.

@Geoffrey Rittenhouse 

I am primarily a Scranton investor with over 120 units. The rent demand is incredible. I get $707 including utilities on my low end 2 bedrooms and upwards $1100 including utilities on my high end two bedrooms. Northeast PA offers really nice cash flow properties.

We are in the market for a 4-12 unit building either residential or mixed use. Preferably in Scranton, Dunmore, Jermyn, Jessup, Taylor, Old Forge, or Throop. Financing is not a problem. Any condition is acceptable. Please email at [email protected]