For Sale
For Sale
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Year Built
1952
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Total Building Size
11,970 RSF
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Overview
East Stroudsburg is the second town from the New Jersey-Pennsylvania border along Interstate 80. It is home to the two largest service institutions in the county – East Stroudsburg University and Lehigh Valley Hospital – Pocono. The Pocono Mountains is approximately 2 hours from Philadelphia, Harrisburg or Trenton and 1.5 hours from New York City. It features more than 30 golf courses, 4 indoor waterparks, abundant shopping centers and various seasonal recreational activities. Major area developments include the proposed $400 million Pocono Springs Entertainment Village, the 130,000 square foot expansion of Kalahari Resort’s convention center, and the new Harley Davidson dealership. KW Commercial, The Daniel Perich Group is offering this multifamily investment for sale East Stroudsburg. Completely remodeled 28-unit investment property producing over a 10% return. Currently operating as limited-stay lodging, each unit provides a fully furnished environment. A convenient laundry facility is being added for additional income. Onsite management provides for absentee ownership and low maintenance costs. Situated within minutes of all major roadways and amenities, this investment will provide a stable base of tenancies. Property to be subdivided from larger parcel to include 5+/- acres.
Property Details
East Stroudsburg is the second town from the New Jersey-Pennsylvania border along Interstate 80. It is home to the two largest service institutions in the county – East Stroudsburg University and Lehigh Valley Hospital – Pocono. The Pocono Mountains is approximately 2 hours from Philadelphia, Harrisburg or Trenton and 1.5 hours from New York City. It features more than 30 golf courses, 4 indoor waterparks, abundant shopping centers and various seasonal recreational activities. Major area developments include the proposed $400 million Pocono Springs Entertainment Village, the 130,000 square foot expansion of Kalahari Resort’s convention center, and the new Harley Davidson dealership. KW Commercial, The Daniel Perich Group is offering this multifamily investment for sale East Stroudsburg. Completely remodeled 28-unit investment property producing over a 10% return. Currently operating as limited-stay lodging, each unit provides a fully furnished environment. A convenient laundry facility is being added for additional income. Onsite management provides for absentee ownership and low maintenance costs. Situated within minutes of all major roadways and amenities, this investment will provide a stable base of tenancies. Property to be subdivided from larger parcel to include 5+/- acres.
- Property TypeMulti-Family
- Year Built1952
- Sale Price$1,850,000
- Total Building Size11,970RSF
- Total Acres5.0
- Sale StatusAvailable
- Property ID2159385