Description
Good upside potential - 5 Unit Mixed Use Investment. Buildings consist of a single residence, 2 commercial units and (2) 2 bedroom apartments. Asset presently generating annual rents of $54,600 plus an available 2 bedroom 1 bath home occupied by the owner with a market rent value of $1,600/mo. Combined the annual revenue would approximate $73,800. Additional cash flow improvement through below market rents & building expansions on a flat cleared corner site. Property well maintained and the commercial building was completely rebuilt in 2003. Serviced by central sewer and on-site water with plenty of on-site parking. Priced at an attractive 7.5+% cap rate with rather immediate future upside.
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0BEDS
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1.68ACRES
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0BATHS
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01/2 BATHS
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4,494SQFT
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$134$/SQFT
Description
Good upside potential - 5 Unit Mixed Use Investment. Buildings consist of a single residence, 2 commercial units and (2) 2 bedroom apartments. Asset presently generating annual rents of $54,600 plus an available 2 bedroom 1 bath home occupied by the owner with a market rent value of $1,600/mo. Combined the annual revenue would approximate $73,800. Additional cash flow improvement through below market rents & building expansions on a flat cleared corner site. Property well maintained and the commercial building was completely rebuilt in 2003. Serviced by central sewer and on-site water with plenty of on-site parking. Priced at an attractive 7.5+% cap rate with rather immediate future upside.
Listings displayed are not necessarily the listings of the provider. The data relating to real estate for sale or lease on this web site comes in part from Pocono Mountains Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2022-06-25T07:17:41.487.