112 Wheat Lane, East Stroudsburg, PA 18301
$750,000
Property Type:
Residential Income
Square Footage:
8,336
Lot Size (sq. ft.):
174,676
Status:
Closed
Current Price:
$750,000
List Date:
10/13/2023
Last Modified:
3/03/2025
Overview
Description
Listing Details MLS# PM-110176
General Property Information
- Building Area Total
- 8336
- Building Area Source
- Estimated
- Stories
- 2
- Number Of Buildings
- 5
- Year Built
- 1970
- Basement YN
- No
- Garage YN
- Yes
- Lot Size Acres
- 4.01
- List Price/SqFt
- 104.97
- Sold Price/SqFt
- 89.97
Property Features
Listing Terms:
Cash; Conventional
Tenant Pays:
Electricity
Possession:
Close Of Escrow
Laundry Features:
Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup
Construction Materials:
Aluminum Siding; Vinyl Siding
Roof:
Other
Cooling:
Wall/Window Unit(s); Separate Meters
Heating:
Baseboard; Electric; Oil
Water Heater:
Electric; Oil
Appliances:
Water Heater
Water Source:
Well
Sewer:
Septic Tank; Cesspool
Parking Features:
Paved
Road Surface Type:
Paved
Contract Information
- Property Sub Type
- Multi Family
- Listing Contract Date
- 2023-10-12
- Listing Service
- Full Service
Location Tax and Legal
- County
- Monroe
- Street Number
- 112
- Street Name
- Wheat
- Street Suffix
- Lane
- City (Post Office)
- East Stroudsburg
- State
- PA
- Postal Code
- 18301
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Utility Billing: Separate Electric, Type: Single, Type: Complex, Roof: Pitched, Kitchens: SemiMod, Bathrooms: Modern, Unit 6 Floor #: 1, Unit 5 Floor #: 1, Unit 2 Floor #: 1, Miscellaneous: Zoning Code R-2, Miscellaneous: Cert of Occ Req'd No. Unit 2 Floor #: 1. Unit 5 Floor #: 1. Unit 6 Floor #: 1
- Public Remarks
- Introducing an unparalleled investment chance in a highly sought-after location.Set on a sprawling 4 acres, this property ensures ample space for potential expansion, landscaping, or other endeavors.Situated at a strategic position minutes away from Route 80 & DWG, accessibility & connectivity are at their peak.The property boasts a diverse set of living spaces Large single family home tailored for comfort and luxury.A Two-Story Dwelling 4 bedrooms, 2 baths, with garage.Two One-Bedroom Apartments blending functionality with style.Two One-Bedroom Cottages.All units are occupied with excellent ROI at 7.75 Cap rate.Don't miss out on this exclusive investment opportunity that combines strategic location, diverse residences, and stable income.
Status Change Information
- Purchase Contract Date
- 2023-11-15
- Close Date
- 2024-01-04
- Close Price
- 750000
More Information
Income and Expenses
- Gross Income
- 98820
- Net Operating Income
- 69739
- Insurance Expense
- 6800
- New Taxes Expense
- 13900.53
- Trash Expense
- 1200
- Maintenance Expense
- 3600
Unit 1
- Unit #
- 112 Wheat Lane
- Occupied YN
- Y
- Actual Rent
- 2150
- SqFt Total
- 2506
- Rooms Total
- 6
- Unit Remarks
- Appliances: Ref, Stov,W/D, Dishw
Unit 2
- Unit #
- 111A Wheat Lane
- Occupied YN
- Y
- Actual Rent
- 1045
- SqFt Total
- 780
- Rooms Total
- 3
Unit 3
- Unit #
- 111B Wheat Lane
- Occupied YN
- Y
- Actual Rent
- 700
- SqFt Total
- 780
Unit 4
- Unit #
- 109 Wheat Lane
- Occupied YN
- Y
- Actual Rent
- 1850
- SqFt Total
- 1840
- Rooms Total
- 6
Unit 5
- Unit #
- 1133 Old Mill
- Occupied YN
- Y
- Actual Rent
- 1350
- SqFt Total
- 704
- Rooms Total
- 3
Unit 6
- Unit #
- 1131 Old Mill Rd
- Actual Rent
- 990
- SqFt Total
- 704
- Rooms Total
- 3
Location, Tax, and Legal
- Parcel Number
- 16.8.1.39-1
- Municipality
- Smithfield Township
- High School District
- East Stroudsburg Area
- Cnty&Muni Taxes (Legacy)
- 628.44
- School Tax Amount
- 4683
- Tax Annual Amount
- 5311.44
- Tax Assessed Value
- 149760
- Tax Book Number
- 2539/6421
- Zoning Description
- Multi-Family
Currently Not Used
- Number Of Units Total
- 6
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Tenant Pays
- Electricity
- Yes
Possession
- Close Of Escrow
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Gas Dryer Hookup
- Yes
- Washer Hookup
- Yes
Construction Materials
- Aluminum Siding
- Yes
- Vinyl Siding
- Yes
Roof
- Other
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
- Separate Meters
- Yes
Heating
- Baseboard
- Yes
- Electric
- Yes
- Oil
- Yes
Water Heater
- Electric
- Yes
- Oil
- Yes
Appliances
- Water Heater
- Yes
Water Source
- Well
- Yes
Sewer
- Septic Tank
- Yes
- Cesspool
- Yes
Parking Features
- Paved
- Yes
Road Surface Type
- Paved
- Yes
Listing Office:
The Collective Real Estate Agency
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
