$600,000
East Stroudsburg, PA 18301
MLS# PM-87720
Status: Closed
5348 sqft
1 / 29
Property Description
7-unit multifamily investment for sale in East Stroudsburg. The fully occupied building consists of 5,348 square feet and was built in 1988. Property offers off street parking, public utilities, and separately metered units all with electric heat. Below market rents. Great location near grocery stores, pharmacies, and hospital.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $600,000
Current Price: $600,000
Status: Closed
Listing Contract Date: 2021-05-18
Location, Tax, and Legal
Parcel Number: 05-5.1.8.5
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 2798.21
School Tax Amount: 12482.36
Tax Annual Amount: 15348.04
Tax Assessed Value: 399180
Tax Book Number: 1604/898
Zoning Description: Multi-Family
General Property Information
Building Area Source: Public Records
Stories: 1
Number Of Buildings: 1
Basement YN: No
Lot Size Acres: 0.34
Sign On Property YN: No
List Price/SqFt: 126.22
Sold Price/SqFt: 112.19
Building Area Total: 5348
Year Built: 1947
Currently Not Used
Number Of Units Total: 7
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: Modern,SemiMod, Bathrooms: Modern,SemiMod, Miscellaneous: Zoning Code R-3, Miscellaneous: Cert of Occ Req'd No
Public Remarks: 7-unit multifamily investment for sale in East Stroudsburg. The fully occupied building consists of 5,348 square feet and was built in 1988. Property offers off street parking, public utilities, and separately metered units all with electric heat. Below market rents. Great location near grocery stores, pharmacies, and hospital.
Income and Expenses
Gross Income: 73080
Net Operating Income: 43025
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 850
SqFt Total: 0
Unit 2
Unit #: 2
Occupied YN: Y
Actual Rent: 1000
SqFt Total: 0
Unit 3
Unit #: 3
Occupied YN: Y
Actual Rent: 850
SqFt Total: 0
Unit 4
Unit #: 4
Occupied YN: Y
Actual Rent: 790
SqFt Total: 0
Unit 5
Unit #: 5
Occupied YN: Y
Actual Rent: 850
SqFt Total: 0
Unit 6
Unit #: 6
Occupied YN: Y
Actual Rent: 900
SqFt Total: 0
Unit 7
Unit #: 7
Occupied YN: Y
Actual Rent: 850
SqFt Total: 0
Cooling
Wall/Window Unit(s): 1
Separate Meters: 1
Heating
Electric: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Road Frontage Type
Road Frontage Length: 108
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 332
Street Name: Monroe
Street Suffix: Street
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Status Change Information
Price Change Timestamp: 2021-08-03T23:24:23Z
Purchase Contract Date: 2021-09-06
Close Date: 2021-12-23
Close Price: 600000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Possession: Close Of Escrow
Cooling: Wall/Window Unit(s); Separate Meters
Heating: Electric
Water Heater: Electric
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: KW Commercial - Main St
Last Updated: March - 13 - 2025
Information deemed reliable but not guaranteed.