834-836 Marcy Avenue, Duryea, PA 18642

Turnkey Duplex in Duryea - Live in One, Rent the Other! Nearly 14 percent Cap RateLooking for the perfect investment property or a home that can help pay your mortgage? This beautifully renovated duplex in Duryea is just what you've been waiting for. One side of the property was updated a few years ago and already has a reliable tenant paying $1,250 per month. The other side was just completely redone from top to bottom, making it move-in ready for a new tenant or perfect for an owner to call home. With both units rented, this property could operate at nearly a 14 percent cap rate -- a rare find in today's market!The property has all separate utilities with tenants covering gas, water, electric, and trash, while owner expenses for taxes, insurance, and sewer come to about $4,000 per year. It sits on just under a quarter acre with a massive backyard and is conveniently located only 10-20 minutes from Scranton and Wilkes-Barre. Before closing, carpets and a few final cosmetic touches … read more …