175-177 Prospect Street, East Stroudsburg, PA 18301
$770,000
Property Type:
Residential Income
Square Footage:
7,046
Lot Size (sq. ft.):
28,750
Status:
Closed
Current Price:
$770,000
List Date:
1/29/2024
Last Modified:
3/03/2025
Description
Looking to make an addition to your growing real estate investment portfolio? This unique 6 unit rental property located in the East Stroudsburg Borough directly across ESU and down the street from the LVHN- Pocono Hospital is the perfect opportunity. The property features two buildings with 4 units in the front building and a 2 unit building built in 1990 at the rear of the property. The large space between the two buildings offers plenty of parking. All units are currently rented with a gross annual income of $97,500! Conveniently located just minutes away from Main St in Stroudsburg, shopping, restaurants and entertainment. Call today for additional information and book your appointment to view!
More Information MLS# PM-112395
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $770,000
Current Price: $770,000
Status: Closed
Listing Contract Date: 2024-01-29
Location, Tax, and Legal
Parcel Number: 05-1.2.3.3
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 2707.9
School Tax Amount: 10522.67
Tax Annual Amount: 13230.57
Tax Assessed Value: 336510
Tax Book Number: 2200/2501
Zoning Description: Residential
General Property Information
Building Area Source: Estimated
Stories: 2
Number Of Buildings: 2
Basement YN: Yes
Parking Total: 20
Lot Size Acres: 0.66
List Price/SqFt: 117.09
Sold Price/SqFt: 109.28
Building Area Total: 7046
Year Built: 1920
Currently Not Used
Number Of Units Total: 6
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Kitchens: SemiMod, Bathrooms: SemiMod, Unit 6 Floor #: 2, Unit 5 Floor #: 2nd, Unit 4 Floor #: 1st, Unit 3 Floor #: 2nd, Unit 2 Floor #: 2, Unit 1 Floor #: 1st, Miscellaneous: Zoning Code R2, Miscellaneous: Cert of Occ Req'd Yes. Unit 1 Floor #: 1st. Unit 2 Floor #: 2. Unit 3 Floor #: 2nd. Unit 4 Floor #: 1st. Unit 5 Floor #: 2nd. Unit 6 Floor #: 2
Public Remarks: Looking to make an addition to your growing real estate investment portfolio? This unique 6 unit rental property located in the East Stroudsburg Borough directly across ESU and down the street from the LVHN- Pocono Hospital is the perfect opportunity. The property features two buildings with 4 units in the front building and a 2 unit building built in 1990 at the rear of the property. The large space between the two buildings offers plenty of parking. All units are currently rented with a gross annual income of $97,500! Conveniently located just minutes away from Main St in Stroudsburg, shopping, restaurants and entertainment. Call today for additional information and book your appointment to view!
Income and Expenses
Gross Income: 97500
Net Operating Income: 75110.43
Insurance Expense: 4431
New Taxes Expense: 13245.37
Electric Expense: 720
Trash Expense: 2215.2
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Unit 1
Unit #: 175-1
Occupied YN: Y
Actual Rent: 935
SqFt Total: 0
Beds Total: 2
Baths Total: 1
Unit 2
Unit #: 175-2
Occupied YN: Y
Actual Rent: 970
SqFt Total: 0
Beds Total: 2
Baths Total: 1
Unit 3
Unit #: 175-R
Occupied YN: Y
Actual Rent: 1900
SqFt Total: 1369
Beds Total: 3
Baths Total: 2
Unit 4
Unit #: 177-1
Occupied YN: Y
Actual Rent: 1295
SqFt Total: 0
Beds Total: 2
Baths Total: 1
Unit 5
Unit #: 177-2
Occupied YN: Y
Actual Rent: 1075
SqFt Total: 0
Beds Total: 2
Baths Total: 1
Unit 6
Unit #: 177-R
Occupied YN: Y
Actual Rent: 1950
SqFt Total: 1369
Beds Total: 3
Baths Total: 2
Cooling
Separate Meters: 1
None: 1
Heating
Hot Water: 1
Electric: 1
Natural Gas: 1
Water Heater
Gas: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 175-177
Street Name: Prospect
Street Suffix: Street
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2024-02-23
Close Date: 2024-03-25
Close Price: 770000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Possession: Close Of Escrow
Cooling: Separate Meters; None
Heating: Hot Water; Electric; Natural Gas
Water Heater: Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: Keller Williams Real Estate - Stroudsburg
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.