115 Imperial Drive 101, East Stroudsburg, PA 18302 (MLS# PM-143051)

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115 Imperial Drive 101, East Stroudsburg, PA 18302

New Listing

$599,400

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

Current Price: $599,400 List Date: 8/03/2026 Last Modified: 8/03/2026

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! Each apartment is tastefully appointed with stainless steel appliances, granite countertops, in-unit washers and dryers, generous closet space, upgr ... (Read more)

Listing Details MLS# PM-143051

General Property Information

Above Grade Finished Area: 3520
Building Area Total: 3520
Building Area Source: Owner
Stories: 2
Stories Total: 2
Number Of Buildings: Yes
Leasable Area: 3500
Year Built: 1990
Year Built Source: Public Records
Green Features YN: No
Basement YN: No
Power Production/Storage YN: No
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 12
Parking Total: 12
Lot Size Acres: Yes
Water Body Access YN: No
Sign On Property YN: Yes
List Price/SqFt: 170.28
Below Grade Finished Area: 0

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional; 1031 Exchange Existing Lease Type: Gross Lease Term Options: 12 Months; Renewal Option Owner Pays: Water; Insurance; Taxes; Association Fees; Common Area Maintenance; Snow Removal Tenant Pays: Electricity Income Includes: Rent Only Operating Expense Includes: Vacancy Allowance; New Tax; Insurance; Water/Sewer Financial Data Source: Owner; Property Manager Disclosures: Resale Certificate Possession: Close Of Escrow; Subject To Tenant Rights Current Use: Residential; Investment Possible Use: Commercial; Residential; Mixed Use Business Type: Rental; Residential Special Licenses: None Property Condition: Updated/Remodeled Building Features: High Traffic Area; Prime Location; Window(s) Rail Road Track: None Flooring: Ceramic Tile; Engineered Hardwood; Laminate; Luxury Vinyl; Tile Construction Materials: Asphalt; Brick; Shake Siding; Stucco; Vinyl Siding Roof: Asphalt; Fiberglass; Shingle Electric: 200+ Amp Service Cooling: Central Air; Ductless Heating: Central; Ductless; Forced Air Security Features: Carbon Monoxide Detector(s); Fire Alarm; Firewall(s); Security Gate; Smoke Detector(s) Water Source: Well Sewer: Public Sewer Utilities: Underground Utilities Exterior Features: None Parking Features: Unassigned; Common; Off Street; Paved Lot Features: Near Golf Course Road Frontage Type: State Road Road Surface Type: Paved Road Responsibility: Private Maintained Road Water Body View: No

Contract Information

Property Sub Type: Apartment
Property Attached YN: Yes
Rent Control YN: No
Listing Contract Date: 2026-07-08
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! 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.

Status Change Information

Back on Market Date: 2026-08-03

More Information

Unit Details

Number Of Units Leased: 4

Income and Expenses

Gross Income: 66600
Total Actual Rent: 66600
Annual Total Expense: 22445
Vacancy Allowance Rate: 7
Insurance Expense: 4020

Meter Information

Number Of Separate Electric Meters: 5

Road Frontage Type

Road Frontage Length: 181
State Road: Yes

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

Business Type

Rental: Yes
Residential: Yes

Special Licenses

None: Yes

Special Listing Conditions

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Existing Lease Type

Gross: Yes

Lease Term Options

12 Months: Yes
Renewal Option: Yes

Owner Pays

Water: Yes
Insurance: Yes
Taxes: Yes
Association Fees: Yes
Common Area Maintenance: Yes
Snow Removal: Yes

Tenant Pays

Electricity: Yes

Disclosures

Resale Certificate: Yes

Income Includes

Rent Only: Yes

Operating Expense Includes

Vacancy Allowance: Yes
New Tax: Yes
Insurance: Yes
Water/Sewer: Yes

Financial Data Source

Owner: Yes
Property Manager: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Current Use

Residential: Yes
Investment: Yes

Possible Use

Residential: Yes
Commercial: Yes
Mixed Use: Yes

Property Condition

Updated/Remodeled: Yes

Building Features

High Traffic Area: Yes
Prime Location: Yes
Window(s): Yes

Rail Road Track

None: Yes

Flooring

Ceramic Tile: Yes
Engineered Hardwood: Yes
Laminate: Yes
Luxury Vinyl: Yes
Tile: Yes

Construction Materials

Asphalt: Yes
Brick: Yes
Shake Siding: Yes
Stucco: Yes
Vinyl Siding: Yes

Roof

Asphalt: Yes
Fiberglass: Yes
Shingle: Yes

Electric

200+ Amp Service: Yes

Cooling

Central Air: Yes
Ductless: Yes

Heating

Central: Yes
Ductless: Yes
Forced Air: Yes

Water Heater

Electric: Yes

Security Features

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

Water Source

Well: Yes

Sewer

Public Sewer: Yes

Utilities

Underground Utilities: Yes

Exterior Features

None: Yes

Parking Features

Unassigned: Yes
Common: Yes
Off Street: Yes
Paved: Yes

Lot Features

Near Golf Course: Yes

Road Surface Type

Paved: Yes

Road Responsibility

Private Maintained Road: Yes

Water Body View

No: Yes

Listing Office: RGB Real Estate LLC

Last Updated: August - 03 - 2026

Information deemed reliable but not guaranteed.