2309 Milford Road, East Stroudsburg, PA 18301
$1,700,000
Property Type:
Commercial Sale
Square Footage:
11,970
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$1,700,000
List Date:
10/16/2020
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-82279
General Property Information
- Above Grade Finished Area
- 11970
- Building Area Total
- 11970
- Stories
- Yes
- Year Built
- 1952
- Year Built Source
- Other
- Lot Size Acres
- 5
- Sign On Property YN
- No
- List Price/SqFt
- 154.55
- Sold Price/SqFt
- 142.02
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Current Use:
Residential
Possible Use:
Residential; Investment; Multi-Family
Building Features:
Other
Rail Road Track:
None
Cooling:
Wall/Window Unit(s)
Heating:
Electric
Water Source:
Well
Sewer:
Public Sewer
Parking Features:
On Site
Road Frontage Type:
Highway
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2020-10-16
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Monroe
- Street Number
- 2309
- Street Name
- Milford
- Street Suffix
- Road
- City (Post Office)
- East Stroudsburg
- State
- PA
- Postal Code
- 18301
Remarks and Miscellaneous
- Public Historical Remarks
- Warranty: None, Ceiling: 0-9FT, Miscellaneous: Zoning Code B1
- Public Remarks
- Completely remodeled 28-unit investment property producing over a 10% return. Currently operating as limited-stay lodging, each unit provides a fully furnished environment. A convenient laundry facility is being added for additional income. Onsite management provides for absentee ownership and low maintenance costs. Situated within minutes of all major roadways and amenities, this investment can provide a stable base of tenancies. Property to be subdivided from larger parcel to include 5+/- acres.
Status Change Information
- Purchase Contract Date
- 2021-01-07
- Close Date
- 2021-02-25
- Close Price
- 1700000
More Information
Income and Expenses
- Cap Rate
- 10.82
Building Features
- Ceiling Height
- 9
- Other
- Yes
Location, Tax, and Legal
- Parcel Number
- 16.7.1.39
- Municipality
- Smithfield Township
- High School District
- East Stroudsburg Area
- Cnty&Muni Taxes (Legacy)
- 1404.31
- School Tax Amount
- 10752
- Tax Annual Amount
- 12156.31
- Tax Assessed Value
- 350000
- Tax Book Number
- 2544/137
- Zoning Description
- Commercial
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Residential
- Yes
Possible Use
- Residential
- Yes
- Investment
- Yes
- Multi-Family
- Yes
Rail Road Track
- None
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Heating
- Electric
- Yes
Water Source
- Well
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Road Frontage Type
- Highway
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
KW Commercial - Main St
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
