$925,000
Tobyhanna, PA 18466
MLS# PM-90582
Status: Closed
5490 sqft
1 / 31
Property Description
Multifamily investment for sale in Tobyhanna. The two-building package includes 11 units and has been recently renovated including new roofs, laundry rooms, and remodeling of most units. Proximity to major area employers including Tobyhanna Army Depot, Walmart Distribution Center, Sanofi, and Kalahari Resorts. Fully occupied investment.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $925,000
Current Price: $925,000
Status: Closed
Listing Contract Date: 2021-08-09
Location, Tax, and Legal
Parcel Number: 03.11.2.24
Municipality: Coolbaugh Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 861.79
School Tax Amount: 2904.34
Tax Annual Amount: 8035
Tax Assessed Value: 145910
Tax Book Number: 2558/8822
Zoning Description: Commercial
General Property Information
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 2
Basement YN: No
Lot Size Acres: 0.97
Sign On Property YN: No
List Price/SqFt: 200.36
Sold Price/SqFt: 168.49
Building Area Total: 5490
Year Built: 1902
Currently Not Used
Number Of Units Total: 11
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: Modern, Bathrooms: Modern, Miscellaneous: Zoning Code C-3, Miscellaneous: Cert of Occ Req'd No
Public Remarks: Multifamily investment for sale in Tobyhanna. The two-building package includes 11 units and has been recently renovated including new roofs, laundry rooms, and remodeling of most units. Proximity to major area employers including Tobyhanna Army Depot, Walmart Distribution Center, Sanofi, and Kalahari Resorts. Fully occupied investment.
Unit Details
Efficiency: 1
1 Bedroom: 7
2 Bedroom: 3
Income and Expenses
Gross Income: 123420
Net Operating Income: 87296
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Unit 1
Occupied YN: Y
SqFt Total: 0
Unit 2
Occupied YN: Y
SqFt Total: 0
Unit 3
Occupied YN: Y
SqFt Total: 0
Unit 4
Occupied YN: Y
SqFt Total: 0
Unit 5
Occupied YN: Y
SqFt Total: 0
Unit 6
Occupied YN: Y
SqFt Total: 0
Unit 7
Occupied YN: Y
SqFt Total: 0
Unit 8
Occupied YN: Y
SqFt Total: 0
Unit 9
Occupied YN: Y
SqFt Total: 0
Laundry Features
Common Area: 1
Roof
Shingle: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Separate Meters: 1
Heating
Electric: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Septic Tank: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 611/651
Street Name: Main
Street Suffix: Street
City (Post Office): Tobyhanna
State: PA
Postal Code: 18466
Status Change Information
Purchase Contract Date: 2021-09-30
Close Date: 2022-01-10
Close Price: 925000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Possession: Close Of Escrow
Laundry Features: Common Area
Roof: Shingle
Cooling: Ceiling Fan(s); Wall/Window Unit(s); Separate Meters
Heating: Electric
Water Heater: Electric
Appliances: Water Heater
Water Source: Public
Sewer: Septic Tank
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.