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1182 Pocono Blvd

Mount Pocono, PA 18344
  • $600,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: PM-97514
UPDATED: 30 min ago
$600,000
  • 0
    BEDS
  • 1.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,494
    SQFT
  • $134
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

School District:

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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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.
www.kellyrealtygroup.com/homes/129238731
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1182 Pocono Blvd Mount Pocono, PA 18344

  • Price: $600,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 30 min ago
  • MLS #: PM-97514
0
Beds
0
Baths
0
½ Baths
1.68
Acres
4,494
SQFT
$134
$/SQFT
1947
Built
Neighborhood:
Mount Pocono Borough
County:
Monroe
Area:
Mount Pocono Borough
School District:
Pocono Mountain
Property 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.
Exterior Features

Location CornerFreestnd Parking On-Site Road PavedPublic Road Surface Blk-Top Road Type State-Rd

Interior Features

Cooling Wall/Window Unit(S) Heating Elec Sq Ft Above Grade 4494.00

Property Features

Current Use CommercialResidential Financing CashConventional Foreclosure No Includes Building(S) Possession Settlement Potential Use Apartment(S)Business ServiceRetail Sewer Public Transaction Type For Sale Water Well Zoning C-2- Commercial

Listing information © 2022 Pocono Mountains Association of Realtors


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.
 
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