240 N Courtland Street, East Stroudsburg, PA 18301
$875,000
Property Type:
Commercial Sale
Square Footage:
5,120
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$875,000
List Date:
5/20/2022
Last Modified:
2/27/2025
Description
5 UNIT RESIDENTIAL INVESTMENT OPPORTUNITY! Completely renovated multi-unit property in a desirable neighborhood of East Stroudsburg. Close to major highways, shopping centers, schools, and local restaurants/retailers. All units have updated kitchens, baths and flooring. Each unit is equipped with all major appliances including washer and dryers. Upper-Level features 2 bedrooms and a full bath. Potential upside with increased rents to market. Near maintenance free, tenants pay all utilities and priced at an attractive 7.36% cap rate. On-site maintenance/superintendent and ample parking.
More Information MLS# PM-96310
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $875,000
Current Price: $875,000
Status: Closed
Listing Contract Date: 2022-04-21
Location, Tax, and Legal
Parcel Number: 05-5.2.15.6
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 2832.07
School Tax Amount: 11005.16
Tax Annual Amount: 13837.24
Tax Assessed Value: 351940
Tax Book Number: 2580/1202
Zoning Description: Residential
General Property Information
Above Grade Finished Area: 5120
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 1
Year Built Source: Other
Lot Size Acres: 0.25
List Price/SqFt: 185.55
Sold Price/SqFt: 170.9
Building Area Total: 5120
Year Built: 1988
Remarks and Miscellaneous
Public Historical Remarks: Miscellaneous: Zoning Code R3- Residential
Public Remarks: 5 UNIT RESIDENTIAL INVESTMENT OPPORTUNITY! Completely renovated multi-unit property in a desirable neighborhood of East Stroudsburg. Close to major highways, shopping centers, schools, and local restaurants/retailers. All units have updated kitchens, baths and flooring. Each unit is equipped with all major appliances including washer and dryers. Upper-Level features 2 bedrooms and a full bath. Potential upside with increased rents to market. Near maintenance free, tenants pay all utilities and priced at an attractive 7.36% cap rate. On-site maintenance/superintendent and ample parking.
Unit Details
Number Of Units Leased: 5
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Possible Use
Multi-Family: 1
Building Features
Number of Levels: 2
Cooling
Wall/Window Unit(s): 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 240
Street Direction Prefix: N
Street Name: Courtland
Street Suffix: Street
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Status Change Information
Purchase Contract Date: 2022-10-03
Close Date: 2022-10-31
Close Price: 875000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Possible Use: Multi-Family
Cooling: Wall/Window Unit(s)
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site
Road Frontage Type: City Street
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.
