2448 Gap View Drive, East Stroudsburg, PA 18301
$530,000
Property Type:
Residential Income
Square Footage:
6,843
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$530,000
List Date:
5/05/2022
Last Modified:
3/13/2025
Overview
Description
Listing Details MLS# PM-96781
General Property Information
- Building Area Total
- 6843
- Building Area Source
- Estimated
- Stories
- 2
- Number Of Buildings
- 3
- Year Built
- 1928
- Basement YN
- Yes
- Parking Total
- 16
- Lot Size Acres
- 5
- List Price/SqFt
- 87.68
- Sold Price/SqFt
- 77.45
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Construction Materials:
Aluminum Siding
Roof:
Shingle; Other
Electric:
200+ Amp Service
Cooling:
Ceiling Fan(s); Wall/Window Unit(s); None
Heating:
Hot Water; Oil
Appliances:
Water Heater
Security Features:
Smoke Detector(s)
Water Source:
Well
Sewer:
Septic Tank
Parking Features:
Paved
Road Frontage Type:
City Street
Road Surface Type:
Paved; See Remarks
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Multi Family
- Listing Contract Date
- 2022-05-04
- Listing Service
- Full Service
Location Tax and Legal
- County
- Monroe
- Street Number
- 2448
- Street Name
- Gap View
- Street Suffix
- Drive
- City (Post Office)
- East Stroudsburg
- State
- PA
- Postal Code
- 18301
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code Residential, Current Use: Residential, Miscellaneous: Cert of Occ Req'd Yes
- Public Remarks
- PROPERTY IS UNDER CONTRACT BUT ACCEPTING BACK UP OFFERS. Incredible investment opportunity on this 10 unit residential rental property, 3 buildings encompassing 5 acres with 2 brand new septic systems. One building has 6 units; 2nd building has 3 units and rounding off this bundle is the cottage; there's parking for 15+ vehicles and is close to the highways for easy commuting. 95% occupancy over 20 years with a 9% cap rate.
Status Change Information
- Purchase Contract Date
- 2022-07-04
- Close Date
- 2022-08-05
- Close Price
- 530000
More Information
Income and Expenses
- Gross Income
- 88620
- Net Operating Income
- 47391
- Operating Expense
- 5129
- Insurance Expense
- 4764
- New Taxes Expense
- 13236
- Manager Expense
- 4431
- Heat Expense
- 3749
- Trash Expense
- 2520
- Maintenance Expense
- 310
- Other Expense
- 3545
Location, Tax, and Legal
- Parcel Number
- 16.7.3.10
- Municipality
- Smithfield Township
- High School District
- East Stroudsburg Area
- Cnty&Muni Taxes (Legacy)
- 1606.39
- School Tax Amount
- 11970.47
- Tax Annual Amount
- 13576.86
- Tax Assessed Value
- 382810
- Tax Book Number
- 2140/5745
- Zoning Description
- Residential
Currently Not Used
- Number Of Units Total
- 10
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Construction Materials
- Aluminum Siding
- Yes
Roof
- Shingle
- Yes
- Other
- Yes
Electric
- 200+ Amp Service
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Wall/Window Unit(s)
- Yes
- None
- Yes
Heating
- Hot Water
- Yes
- Oil
- Yes
Water Heater
- Electric
- Yes
Appliances
- Water Heater
- Yes
Security Features
- Smoke Detector(s)
- Yes
Water Source
- Well
- Yes
Sewer
- Septic Tank
- Yes
Parking Features
- Paved
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
- See Remarks
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Classic Properties - Mountainhome
Last Updated: March - 13 - 2025
Information deemed reliable but not guaranteed.
