115 Imperial Drive 101, East Stroudsburg, PA 18302 (MLS# PM-143046)

Your search results

115 Imperial Drive 101, East Stroudsburg, PA 18302

New Listing

$599,400

Property Type: Residential Income Square Footage: 3,520 Lot Size (sq. ft.): 43,560 Status: Active

Current Price: $599,400 List Date: 7/15/2026 Last Modified: 7/15/2026

Overview

Description

Don't miss this exceptional opportunity to own a beautifully renovated, income-producing property with outstanding flexibility! Whether you're looking for a turnkey investment or a place to call home while generating rental income, this property offers endless possibilities. The building is currently configured as four upscale one-bedroom, one-bath luxury apartments, each thoughtfully designed with modern finishes and exceptional attention to detail. Continue operating it as a high-performing four-unit rental, live comfortably in one apartment while collecting income from the other three, or combine two of the units to create a spacious owner's residence and still enjoy rental income from the remaining apartments. Or this could be the perfect ''Mother/ Daughter'' or to keep your In-laws or family Member close by. The choice is yours! Pre-approved items needed prior to showing due to tenants. Each apartment is tastefully appointed with stainless steel appliances, granite countert ... (Read more)

Listing Details MLS# PM-143046

General Property Information

Bathrooms Full: 4
Above Grade Finished Area: 3520
Living Area: 3520
Living Area Source: Owner
Building Area Total: 3520
Building Area Source: Owner
Stories: 2
Stories Total: 2
Number Of Buildings: Yes
Direction Faces: West
Year Built: 1990
Year Built Source: Public Records
Fireplace YN: Yes
Green Features YN: No
Units Furnished: None
Basement YN: No
Smart Home Features YN: No
Power Production/Storage YN: No
Pool Private YN: No
Spa YN: No
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 12
Parking Total: 12
Lot Size Acres: Yes
Horse YN: No
View YN: No
Water Body Access YN: No
Association YN: Yes
Association Fee: 2520
Association Fee Frequency: Annually
Capital Improvement Fee: 2520
Senior Community YN: No
Sign On Property YN: Yes
List Price/SqFt: 170.28
Bathrooms Half: 0
Below Grade Finished Area: 0
Above Grade Unfinished Area: 0
Below Grade Unfinished Area: 0

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional; 1031 Exchange Existing Lease Type: Gross Owner Pays: Water; Insurance; Association Fees; Common Area Maintenance Tenant Pays: Electricity; Hot Water; Sewer; Grounds Care; Snow Removal; Trash Collection; See Remarks Income Includes: Rent Only Operating Expense Includes: Vacancy Allowance; Insurance; Association; Water/Sewer; Trash; Maintenance; Maintenance Grounds; Snow Removal Financial Data Source: Owner; Property Manager Disclosures: Resale Certificate; Owner Licensed Real Estate Possession: Close Of Escrow Common Walls: 2+ Common Walls Current Use: Residential; Investment Property Condition: Updated/Remodeled Interior Features: Breakfast Nook; Breakfast Bar; Pantry; Eat-in Kitchen; Granite Counters; High Ceilings; Vaulted Ceiling(s); Walk-In Closet(s); In-Law Floorplan; Recessed Lighting; Track Lighting; Ceiling Fan(s) Fireplace Features: Family Room; Tile; None Laundry Features: In Unit; Multiple Locations Flooring: Ceramic Tile; Laminate; Luxury Vinyl; Tile Window Features: Wood Frames; Double Pane Windows; Triple Pane Windows Construction Materials: Brick; Shake Siding; Stucco; Vinyl Siding; Batts Insulation Foundation Details: None Roof: Asphalt; Shingle Electric: 200+ Amp Service Cooling: Central Air; Ductless; Zoned Heating: Baseboard; Central; Ductless; Forced Air Appliances: Electric Cooktop; Electric Oven; Self Cleaning Oven; Refrigerator; Microwave; Stainless Steel Appliance(s); Washer/Dryer Stacked Security Features: Carbon Monoxide Detector(s); Fire Alarm; Firewall(s); Security Gate; Smoke Detector(s) Smart Home Features: Smoke Detector(s) Other Equipment: None Water Source: Well Sewer: Public Sewer Utilities: Underground Utilities Exterior Features: None Patio And Porch Features: Front Porch; None Parking Features: Unassigned; Common; Parking Lot; Off Street; Paved Other Structures: None Lot Features: Near Golf Course Road Surface Type: Paved Road Responsibility: Private Maintained Road View: Mountain(s) Water Body View: No Association Amenities: Gated; None Association Fee Includes: See Remarks

Contract Information

Property Sub Type: Apartment
Property Attached YN: Yes
Rent Control YN: Yes
Listing Contract Date: 2026-07-15
Listing Service: Full Service
Lease Considered YN: Yes
Subsurface Rights YN: No

Location Tax and Legal

County: Monroe
Street Number: 115
Street Name: Imperial
Street Suffix: Drive
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18302
Subdivision Name: Summer Glen Of The Poconos

Remarks and Miscellaneous

Public Remarks: Don't miss this exceptional opportunity to own a beautifully renovated, income-producing property with outstanding flexibility! Whether you're looking for a turnkey investment or a place to call home while generating rental income, this property offers endless possibilities. The building is currently configured as four upscale one-bedroom, one-bath luxury apartments, each thoughtfully designed with modern finishes and exceptional attention to detail. Continue operating it as a high-performing four-unit rental, live comfortably in one apartment while collecting income from the other three, or combine two of the units to create a spacious owner's residence and still enjoy rental income from the remaining apartments. Or this could be the perfect ''Mother/ Daughter'' or to keep your In-laws or family Member close by. The choice is yours! Pre-approved items needed prior to showing due to tenants. Each apartment is tastefully appointed with stainless steel appliances, granite countertops, in-unit washers and dryers, generous closet space, upgraded flooring, soaring ceilings, and oversized windows that fill the living spaces with natural light. The recent renovation means the property is in excellent condition, offering a truly turnkey opportunity with minimal maintenance concerns. Located within a desirable gated community, residents enjoy the added benefits of privacy, security, and an attractive setting. The clean, well-maintained building reflects pride of ownership and is ideal for investors seeking quality tenants or owner-occupants looking to offset their housing costs with rental income. Properties offering this combination of flexibility, quality, and income potential rarely become available. Schedule your private showing today and discover all the possibilities this outstanding property has to offer! Current rents charged are low, so there is room to raise them. Owner is a Licensed Pennsylvania Real Estate Broker.

Income and Expenses

Net Operating Income: 42823
Total Actual Rent: 66600
Operating Expense: 22445
Vacancy Allowance Rate: 7
Insurance Expense: 4020
Electric Expense: 1474
Sewer Expense: 2800
Trash Expense: 923
Maintenance Expense: 1013
Gardener Expense: 3569

More Information

Property Condition

Year Built Effective: 2024
Updated/Remodeled: Yes

Unit 1

Unit #: Yes
Occupied YN: Yes
Actual Rent: 1600
SqFt Total: 920
Rooms Total: 2
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: No

Unit 2

Unit #: 2
Occupied YN: Yes
Actual Rent: 1225
SqFt Total: 536
Rooms Total: 3
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: No

Unit 3

Unit #: 3
Occupied YN: Yes
Actual Rent: 1225
SqFt Total: 1036
Rooms Total: 4
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: Yes

Unit 4

Unit #: 4
Occupied YN: Yes
Actual Rent: 1500
SqFt Total: 936
Rooms Total: 4
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: Yes

Unit Details

Efficiency: Yes
1 Bedroom: 3

Fireplace Features

Fireplaces Total: 2
Family Room: Yes
Tile: Yes
None: Yes

Meter Information

Number Of Separate Electric Meters: 5

Road Frontage Type

Road Frontage Length: 181

Location, Tax, and Legal

Parcel Number: 09.96994
Unit Number: 101
Municipality: Middle Smithfield Township
High School District: East Stroudsburg Area
Tax Subdivision Name: Keystone Hollow Corp Hillside Tract
County Tax Amount: 1073.39
Municipal Tax Amount: 342.95
School Tax Amount: 6206.37
Tax Other Annual Assessment Amount: 212.8
Tax Annual Amount: 7835.51
Tax Assessed Value: 195970
Tax Year: 2025
Tax Map Number: 09733300870233
Tax Lot: 6
Tax Book Number: 2616
Tax Page Number: 1382
Deed Recording Date: 2022-08-19
Tax Legal Description: Lot 6
Additional Parcels YN: No
Zoning Description: Residential
Common Interest: None
Land Lease YN: No

Currently Not Used

Number Of Units Total: 4

Special Listing Conditions

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing Lease Type

Gross: Yes

Owner Pays

Water: Yes
Insurance: Yes
Association Fees: Yes
Common Area Maintenance: Yes

Tenant Pays

Electricity: Yes
Hot Water: Yes
Sewer: Yes
Grounds Care: Yes
Snow Removal: Yes
Trash Collection: Yes
See Remarks: Yes

Disclosures

Owner Licensed Real Estate: Yes
Resale Certificate: Yes

Income Includes

Rent Only: Yes

Operating Expense Includes

Vacancy Allowance: Yes
Insurance: Yes
Association: Yes
Water/Sewer: Yes
Trash: Yes
Maintenance: Yes
Maintenance Grounds: Yes
Snow Removal: Yes

Financial Data Source

Owner: Yes
Property Manager: Yes

Oil, Gas and Mineral Rights

Property Subject To Lease: No

Possession

Close Of Escrow: Yes

Common Walls

2+ Common Walls: Yes

Current Use

Residential: Yes
Investment: Yes

Interior Features

Breakfast Nook: Yes
Breakfast Bar: Yes
Pantry: Yes
Eat-in Kitchen: Yes
Granite Counters: Yes
High Ceilings: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes
In-Law Floorplan: Yes
Recessed Lighting: Yes
Track Lighting: Yes
Ceiling Fan(s): Yes

Laundry Features

In Unit: Yes
Multiple Locations: Yes

Flooring

Ceramic Tile: Yes
Laminate: Yes
Luxury Vinyl: Yes
Tile: Yes

Window Features

Wood Frames: Yes
Double Pane Windows: Yes
Triple Pane Windows: Yes

Construction Materials

Brick: Yes
Shake Siding: Yes
Stucco: Yes
Vinyl Siding: Yes
Batts Insulation: Yes

Foundation Details

None: Yes

Roof

Asphalt: Yes
Shingle: Yes

Electric

200+ Amp Service: Yes

Cooling

Central Air: Yes
Ductless: Yes
Zoned: Yes

Heating

Baseboard: Yes
Central: Yes
Ductless: Yes
Forced Air: Yes

Water Heater

Electric: Yes

Appliances

Electric Cooktop: Yes
Electric Oven: Yes
Self Cleaning Oven: Yes
Refrigerator: Yes
Microwave: Yes
Stainless Steel Appliance(s): Yes
Washer/Dryer Stacked: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Fire Alarm: Yes
Firewall(s): Yes
Security Gate: Yes
Smoke Detector(s): Yes

Smart Home Features

Smoke Detector(s): Yes

Other Equipment

None: Yes

Water Source

Well: Yes

Sewer

Public Sewer: Yes

Utilities

Underground Utilities: Yes

Exterior Features

None: Yes

Patio And Porch Features

Front Porch: Yes
None: Yes

Parking Features

Unassigned: Yes
Common: Yes
Parking Lot: Yes
Off Street: Yes
Paved: Yes

Other Structures

None: Yes

Lot Features

Near Golf Course: Yes

Road Surface Type

Paved: Yes

Road Responsibility

Private Maintained Road: Yes

View

Mountain(s): Yes

Water Body View

No: Yes

Association Amenities

Gated: Yes
None: Yes

Association Fee Includes

See Remarks: Yes

Listing Office: RGB Real Estate LLC

Last Updated: July - 15 - 2026

Information deemed reliable but not guaranteed.