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105 Burney Lane, Sciota, PA 18354 (MLS# PM-40493)

105 Burney Lane, Sciota, PA 18354

$775,000
Property Type: Commercial Sale Square Footage: 9,010 Lot Size (sq. ft.): 462,172 Status: Closed
Current Price: $775,000 List Date: 12/31/2018 Last Modified: 3/03/2025

Overview

Description

REDUCED! 13 Residential Unit Investment Complex consisting of 2 homes and multiple cottages & apartments. Completely redone in the last 5 years. Good return at a 8.5% cap rate, ideal for someone to live on premises and collect income. Upside potential-expansion possibilities. SELLER FINANCING TO QUALIFIED BUYERS.

Listing Details MLS# PM-40493

General Property Information

Above Grade Finished Area
8010
SqFt. Below Grade (Legacy)
1000
Building Area Total
9010
Stories
Yes
Number Of Buildings
7
Year Built
1989
Year Built Source
Other
Lot Size Acres
10.61
List Price/SqFt
94.34
Sold Price/SqFt
86.02

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Current Use: Commercial Building Features: Other Construction Materials: Frame Roof: Other Cooling: Wall/Window Unit(s) Heating: Electric; Oil Water Source: Well Sewer: Septic Tank Parking Features: On Site Road Frontage Type: State Road Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2016-10-12
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
105
Street Name
Burney
Street Suffix
Lane
City (Post Office)
Sciota
State
PA
Postal Code
18354

Remarks and Miscellaneous

Public Historical Remarks
Roof: Ridged, Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, Miscellaneous: Zoning Code C
Public Remarks
REDUCED! 13 Residential Unit Investment Complex consisting of 2 homes and multiple cottages & apartments. Completely redone in the last 5 years. Good return at a 8.5% cap rate, ideal for someone to live on premises and collect income. Upside potential-expansion possibilities. SELLER FINANCING TO QUALIFIED BUYERS.

Status Change Information

Price Change Timestamp
2018-12-31T18:38:58Z
Purchase Contract Date
2019-05-10
Close Date
2019-06-14
Close Price
775000

More Information

Unit Details

Number Of Units Leased
13

Building Features

Number of Levels
Yes
Other
Yes

Location, Tax, and Legal

Parcel Number
07.13.1.44-1
Municipality
Hamilton Township
High School District
Stroudsburg Area
Cnty&Muni Taxes (Legacy)
1064.29
School Tax Amount
7443.21
Tax Annual Amount
8507.51
Tax Assessed Value
45580
Tax Book Number
2364/5210
Zoning Description
Commercial

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Current Use

Commercial
Yes

Construction Materials

Frame
Yes

Roof

Other
Yes

Cooling

Wall/Window Unit(s)
Yes

Heating

Electric
Yes
Oil
Yes

Water Source

Well
Yes

Sewer

Septic Tank
Yes

Parking Features

On Site
Yes

Road Frontage Type

State Road
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: TACM Commerical Realty Inc.
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.