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
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!
More Information MLS# PM-96316
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $485,000
Current Price: $485,000
Status: Closed
Listing Contract Date: 2022-04-21
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
General Property Information
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 6
Basement YN: Yes
Garage YN: Yes
Lot Size Acres: 1.75
List Price/SqFt: 138.67
Sold Price/SqFt: 112.11
Building Area Total: 4326
Year Built: 1957
Currently Not Used
Number Of Units Total: 4
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!
Unit Details
2 Bedroom: 2
3 Bedroom: 1
4 Bedroom: 1
Income and Expenses
Gross Income: 32400
Net Operating Income: 18587.48
Insurance Expense: 1813
New Taxes Expense: 8399.52
Maintenance Expense: 3600
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Water: 1
Trash Collection: 1
Possession
Close Of Escrow: 1
Unit 1
Occupied YN: Y
Actual Rent: 850
SqFt Total: 1550
Rooms Total: 9
Beds Total: 4
Baths Total: 1
Unit 2
Occupied YN: Y
Actual Rent: 900
SqFt Total: 1280
Rooms Total: 7
Beds Total: 3
Baths Total: 1
Unit 3
Occupied YN: Y
Actual Rent: 650
SqFt Total: 720
Rooms Total: 5
Beds Total: 2
Baths Total: 1
Unit 4
Occupied YN: Y
Actual Rent: 300
SqFt Total: 720
Rooms Total: 5
Beds Total: 2
Baths Total: 1
Laundry Features
Electric Dryer Hookup: 1
Gas Dryer Hookup: 1
Washer Hookup: 1
Construction Materials
Brick: 1
Vinyl Siding: 1
Roof
Shingle: 1
Electric
200+ Amp Service: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Separate Meters: 1
Heating
Oil: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Security Features
Smoke Detector(s): 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Parking Features
Paved: 1
Road Frontage Type
State Road: 1
Private Road: 1
Road Surface Type
Paved: 1
See Remarks: 1
Road Responsibility
Public Maintained Road: 1
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
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
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
Listing Office:
Redstone Run Realty, LLC - Stroudsburg
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
