$770,000
East Stroudsburg, PA 18301
MLS# PM-112395
Status: Closed
7046 sqft
1 / 37
Property 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!
Details
Maps
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.