$1,350,000
East Stroudsburg, PA 18301
MLS# PM-114396
13196 sqft
1 / 12
Property Description
PRIME LOCATION 7 unit investment property. 6 townhomes built 2009, a renovated log cabin and 7 garages. All currently rented. Each townhome features three bedrooms, one and a half baths, eat-in kitchen, living room, full basement, washer/dryer hook-up, private patio, propane heat and central air conditioning. The log cabin consists of two bedrooms plus loft, bathroom and basement. Oil heat and fireplace. All units rented with long term tenants. All units are rented at below market rate. Potential to raise rents for the townhomes. CURRENT CAP RATE is 7.53
Details
Maps
Address Information
Street Number: 105
Street Name: Pines
Street Suffix: Way
City (Post Office): East Stroudsburg
State/Province: PA
Zip Code: 18301
Listing & Location Information
County: Monroe
Municipality/ Twnshp: Stroud Township
School District: Stroudsburg Area
Property Information
Book Section: Multi-Family
Year Built: 2009
Total SqFt.: 13196
AreaSource: Public Records
Stories: 2
Total Acres: 1.9
Directions & Remarks
Fore: N
Financial Information
Cnty&Muni Taxes: 5868.2
School Taxes: 26125.68
Total Taxes: 31993.88
Office Information
Current Price: $1,350,000
Listing Date: 2024-04-17
Status: Active
List Price: $1,350,000
Buyer Agency Compensation: 2
Buyer Agency Compensation Type: %
Miscellaneous
Cert of Occ Req'd: No
Zoning Code: R-3
1st Right of Refusal: N
Total Units
Total Units: 7
Financial Info
Gross Income: 149700
Net Income: 101700
Lawn/Snow Removal: 4800
Water/Sewer: 6400
Trash Removal: 4800
Taxes: 32000
Unit 1
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Rooms: 8
# Beds: 3
# Baths: 1.5
Appliances: yes
Occupied: Y
Unit 2
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Rooms: 8
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 3
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 4
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Rooms: 8
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 5
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Rooms: 8
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 6
Floor #: 2.5
SqFt: 1200
Rent/Mo: 1700
# Rooms: 8
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 7
Floor #: 2.5
SqFt: 1000
Rent/Mo: 1400
# Rooms: 6
# Beds: 3
# Baths: 1.5
Appliances: Yes
Occupied: Y
Unit 8
SqFt: 50
Rent/Mo: 175
Occupied: Y
Unit 9
SqFt: 50
Rent/Mo: 175
Occupied: Y
Unit 10
SqFt: 50
Rent/Mo: 175
Occupied: Y
Unit 11
SqFt: 50
Rent/Mo: 175
Occupied: Y
Unit 12
SqFt: 50
Rent/Mo: 175
Occupied: Y
Property Features
Type: Townhouse; Single
Kitchen: Modern; Old
Bathrooms: Old
Heating: Electric; Frcd-Air
Cooling: Central Air; Some with AC
Hot Water: Electric
Water Source: Shared Well; Well
Sewer: Septic; Shared Septic
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Showing Requirements: Call Listing Agent; Showing Service
Occupant Type: Tenant
Financing: Cash; Conventional
Possession: Settlement
Listing Office: The Real Estate Group, LLC
Last Updated: April - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.
Broker Attribution:
[email protected]