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1328 Dreher Ave, Stroudsburg, PA 18360 (MLS# PM-89801)

1328 Dreher Ave, Stroudsburg, PA 18360

$1,430,000
Property Type: Commercial Sale Square Footage: 12,765 Lot Size (sq. ft.): 601,128 Status: Closed
Current Price: $1,430,000 List Date: 7/22/2021 Last Modified: 3/03/2025

Overview

Description

Investors: Rare opportunity in the Glenbrook area, less than a mile to Stroudsburg and Route 80. 16-unit fully leased multi family in exceptionally nice residential area. 4 buildings in total. Building ''A'' is 2-stories and houses 9 apartments plus a basement laundry. Building ''M'', with new roof in 2020, is a single story with 6 one-bedroom apartments. The ''Cottage'' has one bedroom. Units are simple, functional and have many recent updates. ''Shell'' is a 5,800+ sq ft unfinished frame bldg with plans in place for additional 7+ rental units. Purchase also includes two 3+ acre zoned residential parcels. Fantastic residential location with unlimited potential for profitable expansion.

Listing Details MLS# PM-89801

General Property Information

Above Grade Finished Area
12765
Building Area Total
12765
Building Area Source
Estimated
Stories
2
Year Built
1928
Year Built Source
Estimated
Lot Size Acres
13.8
Sign On Property YN
No
List Price/SqFt
121.11
Sold Price/SqFt
112.03

Property Features

Listing Terms: Cash; Conventional Lease Term Options: None Possession: Close Of Escrow; Negotiable Current Use: Other Possible Use: Recreational; Residential; Medical/Dental; Multi-Family Business Type: Bed & Breakfast; Professional Service Building Features: Other Rail Road Track: None Construction Materials: Frame Roof: Other Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Electric; Oil Water Source: Public Sewer: Public Sewer Exterior Features: Other 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
2021-07-13
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
1328
Street Name
Dreher Ave
City (Post Office)
Stroudsburg
State
PA
Postal Code
18360
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Warranty: None, Special Financing: None, Exterior Amenities: Bldg Extension Psbl, Miscellaneous: Zoning Code C1,R1, Current Use: Multi Family
Public Remarks
Investors: Rare opportunity in the Glenbrook area, less than a mile to Stroudsburg and Route 80. 16-unit fully leased multi family in exceptionally nice residential area. 4 buildings in total. Building ''A'' is 2-stories and houses 9 apartments plus a basement laundry. Building ''M'', with new roof in 2020, is a single story with 6 one-bedroom apartments. The ''Cottage'' has one bedroom. Units are simple, functional and have many recent updates. ''Shell'' is a 5,800+ sq ft unfinished frame bldg with plans in place for additional 7+ rental units. Purchase also includes two 3+ acre zoned residential parcels. Fantastic residential location with unlimited potential for profitable expansion.

Status Change Information

Purchase Contract Date
2021-11-22
Close Date
2022-01-31
Close Price
1430000

More Information

Location, Tax, and Legal

Parcel Number
17.12.7.1-1
Municipality
Stroudsburg Borough
High School District
Stroudsburg Area
Cnty&Muni Taxes (Legacy)
8945.83
School Tax Amount
22041.5
Tax Annual Amount
31127.35
Tax Assessed Value
828410
Tax Book Number
2527/7401 et al
Zoning Description
Commercial

Business Type

Bed & Breakfast
Yes
Professional Service
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lease Term Options

None
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Current Use

Other
Yes

Possible Use

Residential
Yes
Recreational
Yes
Medical/Dental
Yes
Multi-Family
Yes

Building Features

Other
Yes

Rail Road Track

None
Yes

Construction Materials

Frame
Yes

Roof

Other
Yes

Cooling

Ceiling Fan(s)
Yes
Wall/Window Unit(s)
Yes

Heating

Electric
Yes
Oil
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Exterior Features

Other
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: Realty Executives - Stroudsburg
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.