1328 Dreher Ave, Stroudsburg, PA 18360

$1,430,000
Property Type: Commercial Sale Square Footage: 12,765 Lot Size (sq. ft.): 601,128 Status: Closed
Current Price: $1,430,000 List Date: 7/22/2021 Last Modified: 3/03/2025

Description

Investors: Rare opportunity in the Glenbrook area, less than a mile to Stroudsburg and Route 80. 16-unit fully leased multi family in exceptionally nice residential area. 4 buildings in total. Building ''A'' is 2-stories and houses 9 apartments plus a basement laundry. Building ''M'', with new roof in 2020, is a single story with 6 one-bedroom apartments. The ''Cottage'' has one bedroom. Units are simple, functional and have many recent updates. ''Shell'' is a 5,800+ sq ft unfinished frame bldg with plans in place for additional 7+ rental units. Purchase also includes two 3+ acre zoned residential parcels. Fantastic residential location with unlimited potential for profitable expansion.

More Information MLS# PM-89801

Contract Information

Listing Service: Full Service Lease Considered YN: No Property Sub Type: Business Sold Price: $1,430,000 Current Price: $1,430,000 Status: Closed Listing Contract Date: 2021-07-13

Location, Tax, and Legal

Parcel Number: 17.12.7.1-1 Municipality: Stroudsburg Borough High School District: Stroudsburg Area Cnty&Muni Taxes (Legacy): 8945.83 School Tax Amount: 22041.5 Tax Annual Amount: 31127.35 Tax Assessed Value: 828410 Tax Book Number: 2527/7401 et al Zoning Description: Commercial

General Property Information

Above Grade Finished Area: 12765 Building Area Source: Estimated Stories: 2 Year Built Source: Estimated Lot Size Acres: 13.8 Sign On Property YN: No List Price/SqFt: 121.11 Sold Price/SqFt: 112.03 Building Area Total: 12765 Year Built: 1928

Remarks and Miscellaneous

Public Historical Remarks: Warranty: None, Special Financing: None, Exterior Amenities: Bldg Extension Psbl, Miscellaneous: Zoning Code C1,R1, Current Use: Multi Family Public Remarks: Investors: Rare opportunity in the Glenbrook area, less than a mile to Stroudsburg and Route 80. 16-unit fully leased multi family in exceptionally nice residential area. 4 buildings in total. Building ''A'' is 2-stories and houses 9 apartments plus a basement laundry. Building ''M'', with new roof in 2020, is a single story with 6 one-bedroom apartments. The ''Cottage'' has one bedroom. Units are simple, functional and have many recent updates. ''Shell'' is a 5,800+ sq ft unfinished frame bldg with plans in place for additional 7+ rental units. Purchase also includes two 3+ acre zoned residential parcels. Fantastic residential location with unlimited potential for profitable expansion.

Business Type

Bed & Breakfast: 1 Professional Service: 1

Listing Terms

Cash: 1 Conventional: 1

Lease Term Options

None: 1

Possession

Close Of Escrow: 1 Negotiable: 1

Current Use

Other: 1

Possible Use

Residential: 1 Recreational: 1 Medical/Dental: 1 Multi-Family: 1

Building Features

Other: 1

Rail Road Track

None: 1

Construction Materials

Frame: 1

Roof

Other: 1

Cooling

Ceiling Fan(s): 1 Wall/Window Unit(s): 1

Heating

Electric: 1 Oil: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Exterior Features

Other: 1

Parking Features

On Site: 1

Road Frontage Type

State Road: 1

Road Surface Type

Paved: 1 Asphalt: 1

Road Responsibility

Public Maintained Road: 1

Location Tax and Legal

County: Monroe Street Number: 1328 Street Name: Dreher Ave City (Post Office): Stroudsburg State: PA Postal Code: 18360 Subdivision Name: None

Status Change Information

Purchase Contract Date: 2021-11-22 Close Date: 2022-01-31 Close Price: 1430000

Property Features

Listing Terms: Cash; Conventional Lease Term Options: None Possession: Close Of Escrow; Negotiable Current Use: Other Possible Use: Recreational; Residential; Medical/Dental; Multi-Family Business Type: Bed & Breakfast; Professional Service Building Features: Other Rail Road Track: None Construction Materials: Frame Roof: Other Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Electric; Oil Water Source: Public Sewer: Public Sewer Exterior Features: Other Parking Features: On Site Road Frontage Type: State Road Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road
Listing Office: Realty Executives - Stroudsburg
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.