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338 Coolbaugh Road, East Stroudsburg, PA 18302

$425,000
Property Type: Residential Income Square Footage: 5,928 Lot Size (sq. ft.): 2,042,964 Status: Closed
Current Price: $425,000 List Date: 7/11/2023 Last Modified: 3/03/2025

Overview

Description

Property is Under Contract and considering back-up offers only at this time. An EXTRAORDINARY OPPORTUNITY to own a REMARKABLE 3-unit income property on OVER 46 ACRES of pristine land. Just 15mins from DWG & 90mins from NYC, it offers tranquility & accessibility. The 2 apartments boast 2bds, a spacious Living Room, & a well-appointed Kitchen complete w/ a slider that leads to a PRIVATE DECK. These thoughtfully designed apartments offer comfortable & functional living spaces. The 3rd apartment is 1bd, featuring a bright Living Room, a fully equipped Kitchen, & an outdoor deck. Low taxes, ample storage in the basement w/ a full bath & Kitchen, & Act 319 Clean & Green status add to its appeal. Explore the potential of this income property & vast land today!

Listing Details MLS# PM-107670

General Property Information

Building Area Total
5928
Building Area Source
Public Records
Stories
Yes
Number Of Buildings
Yes
Year Built
1938
Basement YN
No
Parking Total
6
Lot Size Acres
46.9
List Price/SqFt
84.18
Sold Price/SqFt
71.69

Property Features

Listing Terms: Cash; Conventional Tenant Pays: Electricity Possession: Close Of Escrow Construction Materials: Vinyl Siding Roof: Shingle Electric: 100 Amp Service; Circuit Breakers Cooling: Ceiling Fan(s); Separate Meters Heating: Baseboard; Electric; Oil Appliances: Water Heater Security Features: Smoke Detector(s) Water Source: Private; Well Sewer: Septic Tank Road Frontage Type: State Road Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2023-07-11
Listing Service
Full Service

Location Tax and Legal

County
Monroe
Street Number
338
Street Name
Coolbaugh
Street Suffix
Road
City (Post Office)
East Stroudsburg
State
PA
Postal Code
18302
Subdivision Name
None

Remarks and Miscellaneous

Public Historical Remarks
Utility Billing: Separate Electric, Type: Converted, Kitchens: Modern, Bathrooms: Modern, Unit 3 Floor #: 1, Unit 2 Floor #: 1, Unit 1 Floor #: 1, Miscellaneous: Zoning Code R-1, Miscellaneous: Cert of Occ Req'd Yes. Unit 1 Floor #: 1. Unit 2 Floor #: 1. Unit 3 Floor #: 1
Public Remarks
Property is Under Contract and considering back-up offers only at this time. An EXTRAORDINARY OPPORTUNITY to own a REMARKABLE 3-unit income property on OVER 46 ACRES of pristine land. Just 15mins from DWG & 90mins from NYC, it offers tranquility & accessibility. The 2 apartments boast 2bds, a spacious Living Room, & a well-appointed Kitchen complete w/ a slider that leads to a PRIVATE DECK. These thoughtfully designed apartments offer comfortable & functional living spaces. The 3rd apartment is 1bd, featuring a bright Living Room, a fully equipped Kitchen, & an outdoor deck. Low taxes, ample storage in the basement w/ a full bath & Kitchen, & Act 319 Clean & Green status add to its appeal. Explore the potential of this income property & vast land today!

Status Change Information

Purchase Contract Date
2024-01-31
Close Date
2024-03-18
Close Price
425000

More Information

Income and Expenses

Gross Income
36960

Unit 1

Unit #
101
Occupied YN
Y
Actual Rent
1430
SqFt Total
1400
Rooms Total
7
Unit Remarks
Appliances: Y

Unit 2

Unit #
102
Occupied YN
Y
Actual Rent
950
SqFt Total
900
Rooms Total
5
Unit Remarks
Appliances: Y

Unit 3

Unit #
103
Occupied YN
Y
Actual Rent
700
SqFt Total
600
Rooms Total
4
Unit Remarks
Appliances: Y

Unit Details

1 Bedroom
Yes
2 Bedroom
2

Location, Tax, and Legal

Parcel Number
09.10.1.37
Municipality
Middle Smithfield Township
High School District
East Stroudsburg Area
Cnty&Muni Taxes (Legacy)
834.89
School Tax Amount
5072.93
Tax Annual Amount
5907.82
Tax Assessed Value
162230
Tax Book Number
2318/6724
Zoning Description
Multi-Family

Currently Not Used

Number Of Units Total
3

Listing Terms

Cash
Yes
Conventional
Yes

Tenant Pays

Electricity
Yes

Possession

Close Of Escrow
Yes

Construction Materials

Vinyl Siding
Yes

Roof

Shingle
Yes

Electric

100 Amp Service
Yes
Circuit Breakers
Yes

Cooling

Ceiling Fan(s)
Yes
Separate Meters
Yes

Heating

Baseboard
Yes
Electric
Yes
Oil
Yes

Water Heater

Electric
Yes

Appliances

Water Heater
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Private
Yes
Well
Yes

Sewer

Septic Tank
Yes

Road Frontage Type

State Road
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.