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276 Van Gordon Street, East Stroudsburg, PA 18301 (MLS# PM-80275)

276 Van Gordon Street, East Stroudsburg, PA 18301

$750,000
Property Type: Commercial Sale Square Footage: 9,074 Lot Size (sq. ft.): 44,431 Status: Closed
Current Price: $750,000 List Date: 8/18/2020 Last Modified: 5/09/2025

Overview

Description

Multifamily investment for sale in East Stroudsburg. The 5-unit, 19-bedroom residential investment features 3 contiguous buildings near East Stroudsburg University and Lehigh Valley Hospital - Pocono. Market rents with steady occupancy.

Listing Details MLS# PM-80275

General Property Information

Above Grade Finished Area
9074
Building Area Total
9074
Stories
2
Number Of Buildings
3
Year Built
2010
Year Built Source
Other
Lot Size Acres
1.02
Sign On Property YN
No
List Price/SqFt
87.61
Sold Price/SqFt
82.65

Property Features

Listing Terms: Cash; Conventional Lease Term Options: Month To Month; Renewal Option Possession: Close Of Escrow Current Use: Residential Possible Use: Residential; Investment; Multi-Family Building Features: Other Construction Materials: Frame Cooling: None Heating: Electric; Oil Water Source: Public Sewer: Public Sewer Parking Features: On Site Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2020-08-18
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
276
Street Name
Van Gordon
Street Suffix
Street
City (Post Office)
East Stroudsburg
State
PA
Postal Code
18301

Remarks and Miscellaneous

Public Historical Remarks
Warranty: None, Special Financing: None, Location: FreeStnd, Miscellaneous: Zoning Code R-2
Public Remarks
Multifamily investment for sale in East Stroudsburg. The 5-unit, 19-bedroom residential investment features 3 contiguous buildings near East Stroudsburg University and Lehigh Valley Hospital - Pocono. Market rents with steady occupancy.

Status Change Information

Purchase Contract Date
2021-02-25
Close Date
2021-06-02
Close Price
750000

More Information

Unit Details

Number Of Units Leased
5

Income and Expenses

Cap Rate
7.92

Location, Tax, and Legal

Parcel Number
05-1.2.6.24
Municipality
East Stroudsburg Borough
High School District
East Stroudsburg Area
Cnty&Muni Taxes (Legacy)
1729.97
School Tax Amount
7402.91
Tax Annual Amount
9132.88
Tax Assessed Value
240980
Tax Book Number
2345/6788

Listing Terms

Cash
Yes
Conventional
Yes

Lease Term Options

Month To Month
Yes
Renewal Option
Yes

Possession

Close Of Escrow
Yes

Current Use

Residential
Yes

Possible Use

Residential
Yes
Investment
Yes
Multi-Family
Yes

Building Features

Other
Yes

Construction Materials

Frame
Yes

Cooling

None
Yes

Heating

Electric
Yes
Oil
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

Road Responsibility

Public Maintained Road
Yes
Listing Office: KW Commercial - Main St
IDX
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.