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339 Race Street, East Stroudsburg, PA 18301 (MLS# PM-26069)

339 Race Street, East Stroudsburg, PA 18301

$2,300,000
Property Type: Commercial Sale Square Footage: 27,888 Lot Size (sq. ft.): 33,106 Status: Closed
Current Price: $2,300,000 List Date: 8/29/2015 Last Modified: 5/09/2025

Overview

Description

34 residential units with 100% occupancy. Priced below appraised value. Well maintained properties with strong rental history. Units consist of 30 two-bedrooms and 4 one-bedrooms. 339 Race Street has 15,840 square feet with 18 apartments, each having a living room, eat-in kitchen, 2 bedrooms and one bathroom. 10 Adams Street is 13,272 square feet with 8 two-bedrooms and 4 one-bedrooms. 106 Madison Avenue consists of 4,788 square feet and has 4 two-bedroom apartments.

Listing Details MLS# PM-26069

General Property Information

Above Grade Finished Area
27888
Building Area Total
27888
Stories
3
Number Of Buildings
3
Year Built
1989
Year Built Source
Other
Lot Size Acres
0.76
Sign On Property YN
No
List Price/SqFt
85.7
Sold Price/SqFt
82.47

Property Features

Listing Terms: Cash; Conventional Possession: Close Of Escrow Current Use: Residential Possible Use: Residential; Investment; Multi-Family Building Features: Other Construction Materials: Frame Roof: Other Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Electric Water Source: Public Sewer: Public Sewer Parking Features: On Site Lot Features: Corner Lot Road Frontage Type: City Street Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2015-07-21
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
339
Street Name
Race
Street Suffix
Street
City (Post Office)
East Stroudsburg
State
PA
Postal Code
18301

Remarks and Miscellaneous

Public Historical Remarks
Roof: Ridged, Level: Multi, Location: FreeStnd, Ceiling: 0-9FT, Miscellaneous: Zoning Code R-3
Public Remarks
34 residential units with 100% occupancy. Priced below appraised value. Well maintained properties with strong rental history. Units consist of 30 two-bedrooms and 4 one-bedrooms. 339 Race Street has 15,840 square feet with 18 apartments, each having a living room, eat-in kitchen, 2 bedrooms and one bathroom. 10 Adams Street is 13,272 square feet with 8 two-bedrooms and 4 one-bedrooms. 106 Madison Avenue consists of 4,788 square feet and has 4 two-bedroom apartments.

Status Change Information

Purchase Contract Date
2015-09-10
Close Date
2015-10-14
Close Price
2300000

More Information

Unit Details

Number Of Units Leased
34

Building Features

Ceiling Height
9
Other
Yes

Location, Tax, and Legal

Parcel Number
05-5.1.8.2
Municipality
East Stroudsburg Borough
High School District
East Stroudsburg Area
Cnty&Muni Taxes (Legacy)
10204.42
School Tax Amount
43159.35
Tax Annual Amount
53626.34
Tax Assessed Value
238700
Tax Book Number
2425/5287
Zoning Description
Residential

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Current Use

Residential
Yes

Possible Use

Residential
Yes
Investment
Yes
Multi-Family
Yes

Construction Materials

Frame
Yes

Roof

Other
Yes

Cooling

Ceiling Fan(s)
Yes
Wall/Window Unit(s)
Yes

Heating

Electric
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

On Site
Yes

Lot Features

Corner Lot
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes
Asphalt
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.