$590,000
Pocono Pines, PA 18350
MLS# PM-83593
Status: Closed
3727 sqft
1 / 65
Property Description
11% CAP proforma. 6-unit investment with short-term rentals in Pocono Pines. Property consists of 2 short-term rentals, 3 long-term rentals and one owner-occupied dwelling. Desirable location near Lake Naomi. Newly renovated cottages with mostly new roofs, windows, flooring and appliances.
Details
Maps
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $590,000
Current Price: $590,000
Status: Closed
Listing Contract Date: 2020-12-01
Location, Tax, and Legal
Parcel Number: 19.9.1.26
Municipality: Tobyhanna Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 870.43
School Tax Amount: 3353
Tax Annual Amount: 4223.43
Tax Assessed Value: 168450
Tax Book Number: 2360/572
Zoning Description: Residential
General Property Information
Above Grade Finished Area: 3727
Building Area Source: Public Records
Stories: 1
Number Of Buildings: 6
Year Built Source: Other
Lot Size Acres: 1
Lot Size Dimensions: 147x283x165x213
Sign On Property YN: No
List Price/SqFt: 160.72
Sold Price/SqFt: 158.3
Building Area Total: 3727
Year Built: 1923
Remarks and Miscellaneous
Public Historical Remarks: Road Type: Twp-rd, Warranty: None, Location: FreeStnd, Miscellaneous: Zoning Code R-2
Public Remarks: 11% CAP proforma. 6-unit investment with short-term rentals in Pocono Pines. Property consists of 2 short-term rentals, 3 long-term rentals and one owner-occupied dwelling. Desirable location near Lake Naomi. Newly renovated cottages with mostly new roofs, windows, flooring and appliances.
Unit Details
Number Of Units Leased: 6
Income and Expenses
Cap Rate: 11.09
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Residential: 1
Possible Use
Residential: 1
Multi-Family: 1
Building Features
Fixtures Included: 1
Number of Levels: 1
Other: 1
Rail Road Track
None: 1
Construction Materials
Brick: 1
Frame: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Heating
Electric: 1
Oil: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Parking Features
On Site: 1
Road Frontage Type
Road Frontage Length: 147
City Street: 1
See Remarks: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 116
Street Name: Firehouse
Street Suffix: Road
City (Post Office): Pocono Pines
State: PA
Postal Code: 18350
Status Change Information
Purchase Contract Date: 2021-01-20
Close Date: 2021-04-01
Close Price: 590000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Residential
Possible Use: Residential; Multi-Family
Building Features: Fixtures Included; Other
Rail Road Track: None
Construction Materials: Brick; Frame
Cooling: Central Air; Wall/Window Unit(s)
Heating: Electric; Oil
Water Source: Well
Sewer: Septic Tank
Parking Features: On Site
Road Frontage Type: City Street; See Remarks
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office: KW Commercial - Main St
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.