$645,000
Stroudsburg, PA 18360
MLS# PM-94327
Status: Closed
4900 sqft
1 / 33
Property Description
Are you looking for a great investment that will cashflow with minimal involvement? 212 N 7th St may be perfect for you! Get a 7% cap rate on this 100% occupied 4-unit investment property. All four units were renovated in the last 5 years. Roof is only 4 years old too. Tenants pay their own gas and electricity. They are accustomed to paying rent online each month. This property is professionally managed and the property manager is willing to continue for a seamless transition. Great location just 1 block from the courthouse and 2 blocks from main street. Walking distance to so much. Off street parking enough for each unit. Public water and sewer. Ask your agent for the virtual tour to see the entire property virtually. Property owned by a real estate licensee.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $645,000
Current Price: $645,000
Status: Closed
Listing Contract Date: 2022-02-01
Location, Tax, and Legal
Parcel Number: 18-2.2.2.14
Municipality: Stroudsburg Borough
High School District: Stroudsburg Area
Cnty&Muni Taxes (Legacy): 2398.17
School Tax Amount: 5490.62
Tax Annual Amount: 7888.79
Tax Assessed Value: 206360
Tax Book Number: 2504/8124
Zoning Description: Residential
General Property Information
Building Area Source: Estimated
Stories: 4
Number Of Buildings: 1
Basement YN: Yes
Parking Total: 4
Lot Size Acres: 0.2
List Price/SqFt: 132.65
Sold Price/SqFt: 131.63
Building Area Total: 4900
Year Built: 1902
Currently Not Used
Number Of Units Total: 4
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Converted, Kitchens: SemiMod, Bathrooms: SemiMod, Unit 4 Floor #: Basement Level, Unit 3 Floor #: 3, Unit 2 Floor #: 2, Unit 1 Floor #: 1, Miscellaneous: Zoning Code R-2, Miscellaneous: Cert of Occ Req'd Yes. Unit 1 Floor #: 1. Unit 2 Floor #: 2. Unit 3 Floor #: 3. Unit 4 Floor #: Basement Level
Public Remarks: Are you looking for a great investment that will cashflow with minimal involvement? 212 N 7th St may be perfect for you!
Get a 7% cap rate on this 100% occupied 4-unit investment property. All four units were renovated in the last 5 years. Roof is only 4 years old too. Tenants pay their own gas and electricity. They are accustomed to paying rent online each month. This property is professionally managed and the property manager is willing to continue for a seamless transition. Great location just 1 block from the courthouse and 2 blocks from main street. Walking distance to so much. Off street parking enough for each unit. Public water and sewer. Ask your agent for the virtual tour to see the entire property virtually. Property owned by a real estate licensee.
Unit Details
1 Bedroom: 1
2 Bedroom: 1
3 Bedroom: 2
Income and Expenses
Gross Income: 59400
Insurance Expense: 1210
New Taxes Expense: 7537
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Gas: 1
Possession
Close Of Escrow: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 1450
SqFt Total: 1500
Beds Total: 3
Baths Total: 1
Unit 2
Unit #: 2
Occupied YN: Y
Actual Rent: 1375
SqFt Total: 1500
Beds Total: 3
Baths Total: 1
Unit 3
Unit #: 3
Occupied YN: Y
Actual Rent: 1175
SqFt Total: 1100
Beds Total: 2
Baths Total: 1
Unit 4
Unit #: Floor
Occupied YN: Y
Actual Rent: 950
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Laundry Features
Common Area: 1
Construction Materials
Stucco: 1
Roof
Shingle: 1
Cooling
Separate Meters: 1
None: 1
Heating
Hot Water: 1
Electric: 1
Natural Gas: 1
Separate Meters: 1
Water Heater
Electric: 1
Gas: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Lot Features
Historic District: 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: 212
Street Direction Prefix: N
Street Name: 7th
Street Suffix: Street
City (Post Office): Stroudsburg
State: PA
Postal Code: 18360
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2022-03-28T20:17:14Z
Purchase Contract Date: 2022-04-25
Close Date: 2022-06-16
Close Price: 645000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity; Gas
Possession: Close Of Escrow
Laundry Features: Common Area
Construction Materials: Stucco
Roof: Shingle
Cooling: Separate Meters; None
Heating: Hot Water; Electric; Natural Gas; Separate Meters
Water Heater: Electric; Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Lot Features: Historic District
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: RE/MAX Property Specialists - Pocono Lake
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.