221 Dale Lane, Stroudsburg, PA 18360
$500,000
Property Type:
Residential Income
Square Footage:
5,372
Lot Size (sq. ft.):
119,790
Status:
Closed
Current Price:
$500,000
List Date:
3/08/2022
Last Modified:
5/09/2025
Description
8.9% CAP. 10-unit investment in Stroudsburg (Hamilton Township) - 2 duplexes, 5 mobile home pads, and a storage building. The 100% occupied investment has had numerous updates including new water lines and oil furnace in front duplex. The 2.75-acre property is situated on Business Route 209 near Rimrock Road, Dollar General and the Ray Price Auto Park. Downstairs tenant in front duplex is vacating March 31 with new lease and tenant in place. Landlord pays oil heat for apartments. Electric is separately metered and the responsibility of tenants.
More Information MLS# PM-95082
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $500,000
Current Price: $500,000
Status: Closed
Listing Contract Date: 2022-02-25
Location, Tax, and Legal
Parcel Number: 07.9.1.2
Municipality: Hamilton Township
High School District: Stroudsburg Area
Cnty&Muni Taxes (Legacy): 979.03
School Tax Amount: 7366.15
Tax Annual Amount: 8345.18
Tax Assessed Value: 276850
Tax Book Number: 2552/4402
Zoning Description: Commercial
General Property Information
Building Area Source: Public Records
Stories: 2
Number Of Buildings: 3
Basement YN: Yes
Lot Size Acres: 2.75
List Price/SqFt: 93.08
Sold Price/SqFt: 93.08
Building Area Total: 5372
Year Built: 1902
Currently Not Used
Number Of Units Total: 10
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code C-1, Miscellaneous: Cert of Occ Req'd No
Public Remarks: 8.9% CAP. 10-unit investment in Stroudsburg (Hamilton Township) - 2 duplexes, 5 mobile home pads, and a storage building. The 100% occupied investment has had numerous updates including new water lines and oil furnace in front duplex. The 2.75-acre property is situated on Business Route 209 near Rimrock Road, Dollar General and the Ray Price Auto Park. Downstairs tenant in front duplex is vacating March 31 with new lease and tenant in place. Landlord pays oil heat for apartments. Electric is separately metered and the responsibility of tenants.
Income and Expenses
Gross Income: 72600
Net Operating Income: 44538
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Possession
Close Of Escrow: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Separate Meters: 1
Heating
Electric: 1
Oil: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Cesspool: 1
Road Frontage Type
Road Frontage Length: 620
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 221
Street Name: Dale
Street Suffix: Lane
City (Post Office): Stroudsburg
State: PA
Postal Code: 18360
Status Change Information
Purchase Contract Date: 2022-03-09
Close Date: 2022-05-05
Close Price: 500000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Possession: Close Of Escrow
Cooling: Ceiling Fan(s); Wall/Window Unit(s); Separate Meters
Heating: Electric; Oil
Water Heater: Electric
Appliances: Water Heater
Water Source: Well
Sewer: Septic Tank; Cesspool
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
KW Commercial - Main St
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.
