Motel style residential extended stay. Long term tenants with good upside in below market rents and potential additional units. Price at 8% cap rate. All units furnished with heat, a/c, internet, cable and trash provided. Ideally located on Route 209 just north of the Price Chopper complex in East Stroudsburg. Walking distance to shopping, restaurants and Martz Bus line service. 11 individual units ranging from studios to 1 bedroom units. Off site billboard on site for additional revenue.
Off market
$648,100
5047 Milford Rd, East Stroudsburg, PA 18302
11beds
9baths
3,900sqft
MultiFamily
Built in 1932
-- sqft lot
$648,100 Zestimate®
$166/sqft
$1,980 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 9
Heating
- Heat pump, Electric
Interior area
- Total interior livable area: 3,900 sqft
Property
Parking
- Parking features: Off-street
Lot
- Size: 1.08 Acres
Details
- Zoning: C1- Commercial
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1932
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: East Stroudsburg
Other
Other facts
- WaterSource: Public
- Sewer: Septic Tank
- RoadSurfaceType: Paved
- Heating: Electric, Heat Pump
- HeatingYN: true
- CoolingYN: true
- CurrentFinancing: Conventional, Cash
- NumberOfBuildings: 1
- RoadResponsibility: Public Maintained Road
- NumberOfUnitsTotal: 11.00
- RoomKitchenFeatures: SemiMod
- RoomBathroomFeatures: SemiMod
- Cooling: CntrlAC, Wal/WinAC
- CoListAgentEmail: tmickens@ccim.net
- CoListAgentFullName: Teresa A Mickens, CCIM
- Zoning: C1- Commercial
- MlsStatus: Active
- TaxAnnualAmount: 16075.30
- Road surface type: Paved