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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0BEDS
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5ACRES
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0BATHS
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01/2 BATHS
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11,970SQFT
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$183$/SQFT
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.
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 2023-03-20T11:13:26.643.