240 N Courtland Street, East Stroudsburg, PA 18301
$875,000
Property Type:
Commercial Sale
Square Footage:
5,120
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$875,000
List Date:
5/20/2022
Last Modified:
2/27/2025
Overview
Description
Listing Details MLS# PM-96310
General Property Information
- Above Grade Finished Area
- 5120
- Building Area Total
- 5120
- Building Area Source
- Public Records
- Stories
- 2
- Number Of Buildings
- Yes
- Year Built
- 1988
- Year Built Source
- Other
- Lot Size Acres
- 0.25
- List Price/SqFt
- 185.55
- Sold Price/SqFt
- 170.9
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Possible Use:
Multi-Family
Cooling:
Wall/Window Unit(s)
Heating:
Electric
Water Source:
Public
Sewer:
Public Sewer
Parking Features:
On Site
Road Frontage Type:
City Street
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2022-04-21
- Listing Service
- Full Service
- Lease Considered YN
- No
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
Remarks and Miscellaneous
- Public Historical Remarks
- Miscellaneous: Zoning Code R3- Residential
- Public Remarks
- 5 UNIT RESIDENTIAL INVESTMENT OPPORTUNITY! Completely renovated multi-unit property in a desirable neighborhood of East Stroudsburg. Close to major highways, shopping centers, schools, and local restaurants/retailers. All units have updated kitchens, baths and flooring. Each unit is equipped with all major appliances including washer and dryers. Upper-Level features 2 bedrooms and a full bath. Potential upside with increased rents to market. Near maintenance free, tenants pay all utilities and priced at an attractive 7.36% cap rate. On-site maintenance/superintendent and ample parking.
Status Change Information
- Purchase Contract Date
- 2022-10-03
- Close Date
- 2022-10-31
- Close Price
- 875000
More Information
Unit Details
- Number Of Units Leased
- 5
Building Features
- Number of Levels
- 2
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)
- 2832.07
- School Tax Amount
- 11005.16
- Tax Annual Amount
- 13837.24
- Tax Assessed Value
- 351940
- Tax Book Number
- 2580/1202
- Zoning Description
- Residential
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Possible Use
- Multi-Family
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Heating
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.
