$599,400
East Stroudsburg, PA 18302
MLS# PM-143051
3520 sqft
1 / 61
Property 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, 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.
Details
Maps
Contract Information
Property Attached YN: Yes
Rent Control YN: No
Listing Service: Full Service
Lease Considered YN: Yes
Subsurface Rights YN: No
Property Sub Type: Apartment
List Price: $599,400
Current Price: $599,400
Status: Active
Listing Contract Date: 2026-07-08
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
General Property Information
Above Grade Finished Area: 3520
Below Grade Finished Area: 0
Building Area Source: Owner
Stories: 2
Stories Total: 2
Number Of Buildings: 1
Year Built Source: Public Records
Green Features YN: No
Basement YN: No
Power Production/Storage YN: No
Leasable Area: 3500
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 12
Parking Total: 12
Lot Size Acres: 1
Water Body Access YN: No
Sign On Property YN: Yes
List Price/SqFt: 170.28
Building Area Total: 3520
Year Built: 1990
Currently Not Used
Number Of Units Total: 4
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.
Unit Details
Number Of Units Leased: 4
Business Type
Rental: 1
Residential: 1
Income and Expenses
Gross Income: 66600
Total Actual Rent: 66600
Annual Total Expense: 22445
Vacancy Allowance Rate: 7
Insurance Expense: 4020
Special Licenses
None: 1
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing Lease Type
Gross: 1
Lease Term Options
12 Months: 1
Renewal Option: 1
Owner Pays
Water: 1
Insurance: 1
Taxes: 1
Association Fees: 1
Common Area Maintenance: 1
Snow Removal: 1
Tenant Pays
Electricity: 1
Disclosures
Resale Certificate: 1
Income Includes
Rent Only: 1
Operating Expense Includes
Vacancy Allowance: 1
New Tax: 1
Insurance: 1
Water/Sewer: 1
Financial Data Source
Owner: 1
Property Manager: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Current Use
Residential: 1
Investment: 1
Possible Use
Residential: 1
Commercial: 1
Mixed Use: 1
Property Condition
Updated/Remodeled: 1
Building Features
High Traffic Area: 1
Prime Location: 1
Window(s): 1
Rail Road Track
None: 1
Flooring
Ceramic Tile: 1
Engineered Hardwood: 1
Laminate: 1
Luxury Vinyl: 1
Tile: 1
Construction Materials
Asphalt: 1
Brick: 1
Shake Siding: 1
Stucco: 1
Vinyl Siding: 1
Roof
Asphalt: 1
Fiberglass: 1
Shingle: 1
Electric
200+ Amp Service: 1
Cooling
Central Air: 1
Ductless: 1
Heating
Central: 1
Ductless: 1
Forced Air: 1
Water Heater
Electric: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Firewall(s): 1
Security Gate: 1
Smoke Detector(s): 1
Water Source
Well: 1
Sewer
Public Sewer: 1
Utilities
Underground Utilities: 1
Meter Information
Number Of Separate Electric Meters: 5
Exterior Features
None: 1
Parking Features
Unassigned: 1
Common: 1
Off Street: 1
Paved: 1
Lot Features
Near Golf Course: 1
Road Frontage Type
Road Frontage Length: 181
State Road: 1
Road Surface Type
Paved: 1
Road Responsibility
Private Maintained Road: 1
Water Body View
No: 1
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
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
Listing Office: RGB Real Estate LLC
Last Updated: July - 15 - 2026
Information deemed reliable but not guaranteed.