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2309 Milford Rd

East Stroudsburg, PA 18301
  • $2,295,000
  • STATUS: Active
  • ON SITE: 210 Days
  • MLS #: PM-96660
UPDATED: 84 min ago
$2,295,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,970
    SQFT
  • $192
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

School District:

Description

Subject Property known as: Boom Motor Lodge. Under Management GMPS Property Management. 6 Apartments. 1 Cabin. 21 Motel Rooms. **Per Zillow-East Stroudsburg experienced 33% inflation on the price of housing during 2021**. Professional Management in Place. Recent Complete Renovation in 2020 to entire complex. Occupancy Permits from Township Issued. Option to operate as Motel or Extended Stay Lodging. Coin Laundry, Security Camera System, PTEC Heating/Cooling Units. 2021 NOI: $171,209 - This was for 10 Months **Based on LLC Tax Return Sch E ** Will provide to buyer. T12 NOI: $201,000. 2022 NOI: $205,450+. Project due for another rent bump in less than 6 months. Parking Lot paved in Fall 2021, Gazebo. Public Sewer, Onsite Well.

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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 2022-11-29T19:13:10.537.
www.kellyrealtygroup.com/homes/128268157
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2309 Milford Rd East Stroudsburg, PA 18301

  • Price: $2,295,000
  • Status: Active
  • On Site: 210 Days
  • Updated: 84 min ago
  • MLS #: PM-96660
0
Beds
0
Baths
0
½ Baths
5
Acres
11,970
SQFT
$192
$/SQFT
1952
Built
Neighborhood:
Z Not In A Development
County:
Monroe
Area:
Smithfield Township
School District:
East Stroudsburg Area
Property Description
Subject Property known as: Boom Motor Lodge. Under Management GMPS Property Management. 6 Apartments. 1 Cabin. 21 Motel Rooms. **Per Zillow-East Stroudsburg experienced 33% inflation on the price of housing during 2021**. Professional Management in Place. Recent Complete Renovation in 2020 to entire complex. Occupancy Permits from Township Issued. Option to operate as Motel or Extended Stay Lodging. Coin Laundry, Security Camera System, PTEC Heating/Cooling Units. 2021 NOI: $171,209 - This was for 10 Months **Based on LLC Tax Return Sch E ** Will provide to buyer. T12 NOI: $201,000. 2022 NOI: $205,450+. Project due for another rent bump in less than 6 months. Parking Lot paved in Fall 2021, Gazebo. Public Sewer, Onsite Well.
Exterior Features

Lot Dimensions 450X350 Road PavedSee Remarks Road Frontage 350

Interior Features

1 Bedroom Units 6.00 2 Bedroom Units 1.00 3 Bedroom Units 0.00 Basement No Bathrooms Modern Cooling Electric Efficiency Units 21.00 Heating Electric Kitchen Modern Unit1 Sq Ft 0.00 Unit2 Sq Ft 0.00 Unit3 Sq Ft 0.00 Unit4 Sq Ft 0.00

Property Features

Financing Conventional Foreclosure No Hot Water Electric Multifamily Type Complex Possession 46-90 DaysSee Remarks Sewer Public Total Units 28 Water Well Zoning Economic Development

Listing information © 2022 Pocono Mountains Association of Realtors. Courtesy of Simple Choice Realty: (610) 572-7347.


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 2022-11-29T19:13:10.537.
 
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Keller Williams Real Estate
637 Main Street, Suite 320
Stroudsburg PA, 18360