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1513-1519 Prospect Street, Tobyhanna, PA 18466 (MLS# PM-96316)

1513-1519 Prospect Street, Tobyhanna, PA 18466

$485,000
Property Type: Residential Income Square Footage: 4,326 Lot Size (sq. ft.): 76,230 Status: Closed
Current Price: $485,000 List Date: 4/21/2022 Last Modified: 3/03/2025

Overview

Description

Major investment opportunity to own this 4 unit property Commercial Zoned, Short Term Friendly location in the heart of the Poconos with NO HOA Dues! This property includes a 4 Bedroom / 1 Bath Two Story home. A 3 Bedroom / 1 Bath Brick Ranch Home. Two separate 2 Bedroom / 1 Bath apartments above a 4 Car Garage. Property also included is a separate 2 Car Garage with the opportunity to add additional apartments on the second floor! Plenty of parking for all & additional storage with separate garages & outbuildings. This property has ENDLESS opportunities and is close to the highway including amenities such as water parks, casino, shopping, resorts & so much more! You have to see it to believe it! Don't wait, schedule your private tour today before its too late!

Listing Details MLS# PM-96316

General Property Information

Building Area Total
4326
Building Area Source
Public Records
Stories
2
Number Of Buildings
6
Year Built
1957
Basement YN
Yes
Garage YN
Yes
Lot Size Acres
1.75
List Price/SqFt
138.67
Sold Price/SqFt
112.11

Property Features

Listing Terms: Cash; Conventional Tenant Pays: Electricity; Water; Trash Collection Possession: Close Of Escrow Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Construction Materials: Brick; Vinyl Siding Roof: Shingle Electric: 200+ Amp Service Cooling: Ceiling Fan(s); Wall/Window Unit(s); Separate Meters Heating: Oil Appliances: Water Heater Security Features: Smoke Detector(s) Water Source: Well Sewer: Septic Tank Parking Features: Paved Road Frontage Type: State Road; Private Road Road Surface Type: Paved; See Remarks Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2022-04-21
Listing Service
Full Service

Location Tax and Legal

County
Monroe
Street Number
1513-1519
Street Name
Prospect
Street Suffix
Street
City (Post Office)
Tobyhanna
State
PA
Postal Code
18466
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Utility Billing: Separate Electric, Type: Single, Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code C-3, Current Use: Residential, Miscellaneous: Cert of Occ Req'd No
Public Remarks
Major investment opportunity to own this 4 unit property Commercial Zoned, Short Term Friendly location in the heart of the Poconos with NO HOA Dues! This property includes a 4 Bedroom / 1 Bath Two Story home. A 3 Bedroom / 1 Bath Brick Ranch Home. Two separate 2 Bedroom / 1 Bath apartments above a 4 Car Garage. Property also included is a separate 2 Car Garage with the opportunity to add additional apartments on the second floor! Plenty of parking for all & additional storage with separate garages & outbuildings. This property has ENDLESS opportunities and is close to the highway including amenities such as water parks, casino, shopping, resorts & so much more! You have to see it to believe it! Don't wait, schedule your private tour today before its too late!

Status Change Information

Price Change Timestamp
2022-05-17T15:11:28Z
Purchase Contract Date
2022-06-22
Close Date
2022-07-25
Close Price
485000

More Information

Income and Expenses

Gross Income
32400
Net Operating Income
18587.48
Insurance Expense
1813
New Taxes Expense
8399.52
Maintenance Expense
3600

Unit 1

Occupied YN
Y
Actual Rent
850
SqFt Total
1550
Rooms Total
9

Unit 2

Occupied YN
Y
Actual Rent
900
SqFt Total
1280
Rooms Total
7

Unit 3

Occupied YN
Y
Actual Rent
650
SqFt Total
720
Rooms Total
5

Unit 4

Occupied YN
Y
Actual Rent
300
SqFt Total
720
Rooms Total
5

Unit Details

2 Bedroom
2
3 Bedroom
Yes
4 Bedroom
Yes

Location, Tax, and Legal

Parcel Number
03.11.2.12
Municipality
Coolbaugh Township
High School District
Pocono Mountain
Cnty&Muni Taxes (Legacy)
2242.73
School Tax Amount
6208.57
Tax Annual Amount
8451.3
Tax Assessed Value
311910
Tax Book Number
2457/9208
Zoning Description
Commercial

Currently Not Used

Number Of Units Total
4

Listing Terms

Cash
Yes
Conventional
Yes

Tenant Pays

Electricity
Yes
Water
Yes
Trash Collection
Yes

Possession

Close Of Escrow
Yes

Laundry Features

Electric Dryer Hookup
Yes
Gas Dryer Hookup
Yes
Washer Hookup
Yes

Construction Materials

Brick
Yes
Vinyl Siding
Yes

Roof

Shingle
Yes

Electric

200+ Amp Service
Yes

Cooling

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

Heating

Oil
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Well
Yes

Sewer

Septic Tank
Yes

Parking Features

Paved
Yes

Road Frontage Type

State Road
Yes
Private Road
Yes

Road Surface Type

Paved
Yes
See Remarks
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Redstone Run Realty, LLC - Stroudsburg
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.