276 Van Gordon Street, East Stroudsburg, PA 18301
$750,000
Property Type:
Commercial Sale
Square Footage:
9,074
Lot Size (sq. ft.):
44,431
Status:
Closed
Current Price:
$750,000
List Date:
8/18/2020
Last Modified:
5/09/2025
Description
Multifamily investment for sale in East Stroudsburg. The 5-unit, 19-bedroom residential investment features 3 contiguous buildings near East Stroudsburg University and Lehigh Valley Hospital - Pocono. Market rents with steady occupancy.
More Information MLS# PM-80275
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $750,000
Current Price: $750,000
Status: Closed
Listing Contract Date: 2020-08-18
Location, Tax, and Legal
Parcel Number: 05-1.2.6.24
Municipality: East Stroudsburg Borough
High School District: East Stroudsburg Area
Cnty&Muni Taxes (Legacy): 1729.97
School Tax Amount: 7402.91
Tax Annual Amount: 9132.88
Tax Assessed Value: 240980
Tax Book Number: 2345/6788
General Property Information
Above Grade Finished Area: 9074
Stories: 2
Number Of Buildings: 3
Year Built Source: Other
Lot Size Acres: 1.02
Sign On Property YN: No
List Price/SqFt: 87.61
Sold Price/SqFt: 82.65
Building Area Total: 9074
Year Built: 2010
Remarks and Miscellaneous
Public Historical Remarks: Warranty: None, Special Financing: None, Location: FreeStnd, Miscellaneous: Zoning Code R-2
Public Remarks: Multifamily investment for sale in East Stroudsburg. The 5-unit, 19-bedroom residential investment features 3 contiguous buildings near East Stroudsburg University and Lehigh Valley Hospital - Pocono. Market rents with steady occupancy.
Unit Details
Number Of Units Leased: 5
Income and Expenses
Cap Rate: 7.92
Listing Terms
Cash: 1
Conventional: 1
Lease Term Options
Month To Month: 1
Renewal Option: 1
Possession
Close Of Escrow: 1
Current Use
Residential: 1
Possible Use
Residential: 1
Investment: 1
Multi-Family: 1
Building Features
Other: 1
Construction Materials
Frame: 1
Cooling
None: 1
Heating
Electric: 1
Oil: 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
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 276
Street Name: Van Gordon
Street Suffix: Street
City (Post Office): East Stroudsburg
State: PA
Postal Code: 18301
Status Change Information
Purchase Contract Date: 2021-02-25
Close Date: 2021-06-02
Close Price: 750000
Property Features
Listing Terms: Cash; Conventional
Lease Term Options: Month To Month; Renewal Option
Possession: Close Of Escrow
Current Use: Residential
Possible Use: Residential; Investment; Multi-Family
Building Features: Other
Construction Materials: Frame
Cooling: None
Heating: Electric; Oil
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
KW Commercial - Main St
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.
