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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Commercial,Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 8,680 sqft
Price per Sqft $149
Subdivision No Subdivision
MLS Listing ID 732331
Sold Date 05/07/24
Bedrooms 18
Full Baths 14
Year Built 1954
Annual Tax Amount $9,828
Lot Size 0.900 Acres
Property Description
Investment Opportunity! Call Today For This 14-Unit, Fully-Occupied 'Cottage Park' Property in Stroudsburg, PA. Boasting just under $200K in gross annual rental revenues w controlled expenses, this property consists of one quadplex, one duplex and eight standalone cottages. Set on a main thoroughfare serviced by public utilities, this stabilized property is located a half-mile to major conveniences and employers at The Stroud Mall, Shoprite and Route 611's commercial corridor. Of the 14 Units, 10 have been gut renovated; 1 is a new build, while the remaining 3 still offer room to add value and revenue. Stroudsburg is the County Seat of Monroe County, which has a population of 165,000+. Property is 7 miles from the Delaware Water Gap Bridge to NJ via Route 80. Do Not Delay - Call Today!
Location
State PA
County Monroe
Area Stroud Twp
Interior
Cooling Ceiling Fans
Exterior
Garage Spaces 14.0
Building
Story 1.0
Sewer Public
Water Public
New Construction No
Schools
School District Stroudsburg
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Keller Williams Real Estate