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240 N Courtland Street, East Stroudsburg, PA 18301 (MLS# PM-85626)

240 N Courtland Street, East Stroudsburg, PA 18301

$480,000
Property Type: Residential Income Square Footage: 5,120 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $480,000 List Date: 3/15/2021 Last Modified: 3/03/2025

Overview

Description

RARE INVESTMENT OPPORTUNITY! GREAT Multi-Family property in the DESIRABLE area of East Stroudsburg. Home is close to major highways, shopping centers, school, and other popular attractions the Poconos has to offer. This home has 5 units with GREAT rental history. Each unit has a fully equipped Kitchen with plenty of cabinet and counter space for all your cooking equipment. SPACIOUS Living/Dining Room with laundry and sliders to deck perfect for outdoor entrainment. Upper-Level features 2 GREAT SIZE Bedrooms and a full Bath. This home also has a newer roof, 10 off street parking spots, public sewer/water, and so much more. You don't want to miss out on this great opportunity. Call and schedule your appointment today!

Listing Details MLS# PM-85626

General Property Information

Building Area Total
5120
Building Area Source
Public Records
Stories
2
Number Of Buildings
Yes
Year Built
1988
Basement YN
No
Parking Total
10
Lot Size Acres
0.25
List Price/SqFt
97.46
Sold Price/SqFt
93.75

Property Features

Listing Terms: Cash; Conventional Tenant Pays: Electricity Disclosures: Easement Possession: Close Of Escrow Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Construction Materials: Vinyl Siding Roof: Shingle Cooling: Wall/Window Unit(s); Separate Meters Heating: Baseboard; Electric Water Heater: Electric Appliances: Water Heater Security Features: Smoke Detector(s) Water Source: Public Sewer: Public Sewer Parking Features: Paved Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2021-03-15
Listing Service
Full Service

Location Tax and Legal

County
Monroe
Street Number
240
Street Direction Prefix
N
Street Name
Courtland
Street Suffix
Street
City (Post Office)
East Stroudsburg
State
PA
Postal Code
18301
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code R-3, Miscellaneous: Cert of Occ Req'd Yes
Public Remarks
RARE INVESTMENT OPPORTUNITY! GREAT Multi-Family property in the DESIRABLE area of East Stroudsburg. Home is close to major highways, shopping centers, school, and other popular attractions the Poconos has to offer. This home has 5 units with GREAT rental history. Each unit has a fully equipped Kitchen with plenty of cabinet and counter space for all your cooking equipment. SPACIOUS Living/Dining Room with laundry and sliders to deck perfect for outdoor entrainment. Upper-Level features 2 GREAT SIZE Bedrooms and a full Bath. This home also has a newer roof, 10 off street parking spots, public sewer/water, and so much more. You don't want to miss out on this great opportunity. Call and schedule your appointment today!

Status Change Information

Purchase Contract Date
2021-03-18
Close Date
2021-06-16
Close Price
480000

More Information

Income and Expenses

Net Operating Income
20000

Unit 1

Unit #
Yes
Occupied YN
Y
Actual Rent
950
SqFt Total
700
Rooms Total
4
Unit Remarks
Appliances: Yes

Unit 2

Unit #
2
Occupied YN
Y
Actual Rent
950
SqFt Total
700
Rooms Total
4
Unit Remarks
Appliances: Yes

Unit 3

Unit #
3
Occupied YN
Y
Actual Rent
950
SqFt Total
700
Rooms Total
4
Unit Remarks
Appliances: Yes

Unit 4

Unit #
4
Occupied YN
Y
Actual Rent
950
SqFt Total
700
Rooms Total
4
Unit Remarks
Appliances: Yes

Unit 5

Unit #
5
Occupied YN
Y
Actual Rent
950
SqFt Total
700
Rooms Total
4
Unit Remarks
Appliances: Yes

Unit Details

2 Bedroom
5

Location, Tax, and Legal

Parcel Number
05-5.2.15.6
Municipality
East Stroudsburg Borough
High School District
East Stroudsburg Area
Cnty&Muni Taxes (Legacy)
2526.55
School Tax Amount
10811.6
Tax Annual Amount
13338.14
Tax Assessed Value
351940
Tax Book Number
2247/4211
Zoning Description
Multi-Family

Currently Not Used

Number Of Units Total
5

Listing Terms

Cash
Yes
Conventional
Yes

Tenant Pays

Electricity
Yes

Disclosures

Easement
Yes

Possession

Close Of Escrow
Yes

Laundry Features

Electric Dryer Hookup
Yes
Gas Dryer Hookup
Yes
Washer Hookup
Yes

Construction Materials

Vinyl Siding
Yes

Roof

Shingle
Yes

Cooling

Wall/Window Unit(s)
Yes
Separate Meters
Yes

Heating

Baseboard
Yes
Electric
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

Paved
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Keller Williams Real Estate - Stroudsburg 803 Main
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.