383 Old Route 940, Pocono Pines, PA 18350
$850,000
Property Type:
Residential Income
Square Footage:
9,948
Lot Size (sq. ft.):
80,586
Status:
Closed
Current Price:
$850,000
List Date:
4/18/2025
Last Modified:
6/02/2025
Overview
Description
Listing Details MLS# PM-131273
General Property Information
- Bathrooms Full
- 10
- Above Grade Finished Area
- 8748
- Living Area
- 8748
- Living Area Source
- Estimated
- Below Grade Unfinished Area
- 1200
- Building Area Total
- 9948
- Building Area Source
- Public Records
- Stories
- 3
- Number Of Buildings
- 3
- Year Built
- 1902
- Year Built Source
- Public Records
- Year Built Details
- Building is historic.
- Fireplace YN
- No
- Green Features YN
- No
- Units Furnished
- None
- Basement YN
- Yes
- Smart Home Features YN
- No
- Power Production/Storage YN
- No
- Pool Private YN
- No
- Spa YN
- No
- Garage YN
- No
- Carport YN
- No
- Open Parking YN
- Yes
- Open Parking Spaces
- 10
- Parking Total
- 10
- Lot Size Acres
- 1.85
- Lot Dimensions Source
- Assessor
- Horse YN
- No
- View YN
- No
- Water Body Access YN
- No
- Association YN
- No
- List Price/SqFt
- 90.47
- Sold Price/SqFt
- 85.44
- Bathrooms Half
- 0
- Below Grade Finished Area
- 0
- Above Grade Unfinished Area
- 0
Property Features
Special Listing Conditions:
Standard
Listing Terms:
Cash; Conventional; 1031 Exchange
Owner Pays:
Water; Sewer; Insurance; Taxes; Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Roof Maintenance; Repairs; Grounds Care; Snow Removal; Trash Collection
Tenant Pays:
Electricity; Hot Water; Cable TV
Income Includes:
Rent Only
Financial Data Source:
Owner
Possession:
Close Of Escrow
Common Walls:
2+ Common Walls
Current Use:
Residential
Architectural Style:
Colonial; Traditional
Interior Features:
Eat-in Kitchen; Laminate Counters; Storage
Laundry Features:
In Unit
Flooring:
Ceramic Tile; Combination; Vinyl; Wood
Door Features:
Storm Door(s)
Construction Materials:
Brick; Stone; Lap Siding
Basement:
Full
Foundation Details:
Stone
Roof:
Asphalt; Shingle
Heating:
Baseboard; Electric
Appliances:
Electric Oven; Refrigerator; Range Hood; Water Heater
Security Features:
Closed Circuit Camera(s); Fire Alarm; Security Lights; Security System Owned; Smoke Detector(s)
Other Equipment:
Call Listing Agent
Water Source:
Well
Sewer:
On Site Septic; Septic Tank; Holding Tank
Patio And Porch Features:
Porch; Rear Porch
Parking Features:
Unassigned; Off Street; Driveway; Gravel
Other Structures:
Shed(s); Storage
Lot Features:
Level; Cleared; Other
Road Frontage Type:
State Road
Road Surface Type:
Paved
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Apartment
- Listing Contract Date
- 2025-04-10
- Listing Service
- Full Service
- Subsurface Rights YN
- No
Location Tax and Legal
- County
- Monroe
- Street Number
- 383
- Street Name
- Old Route 940
- City (Post Office)
- Pocono Pines
- State
- PA
- Postal Code
- 18350
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- What an opportunity! 10-unit apartment building in beautiful Pocono Pines, convenient to major highways and shopping for your tenants. Easy to rent, affordable housing is at a premium right now. ALL UNITS RENTED! 9 apartments in main building plus a separate building with totally renovated 2 bedroom ranch home with washer/dryer. Potential to add additional units
- Inclusions
- Truck with plow in parking lot.
Status Change Information
- Purchase Contract Date
- 2025-04-26
- Close Date
- 2025-05-30
- Close Price
- 850000
More Information
Income and Expenses
- Gross Income
- 129900
- Gross Scheduled Income
- 129900
- Total Actual Rent
- 10825
- Annual Total Expense
- 31900
- Insurance Expense
- 9900
- Electric Expense
- 1500
- Sewer Expense
- 600
- Trash Expense
- 3300
- Maintenance Expense
- 3600
Unit 1
- Unit #
- Yes
- Occupied YN
- Yes
- Actual Rent
- 1300
- SqFt Total
- 805
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 2
- Unit #
- 101
- Occupied YN
- Yes
- Actual Rent
- 950
- SqFt Total
- 500
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 3
- Unit #
- 102
- Occupied YN
- Yes
- Actual Rent
- 1200
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 4
- Unit #
- 103
- Occupied YN
- Yes
- Actual Rent
- 675
- SqFt Total
- 500
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 5
- Unit #
- 201
- Occupied YN
- Yes
- Actual Rent
- 800
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
- Unit Remarks
- Could be two units
Unit 6
- Unit #
- 202
- Occupied YN
- Yes
- Actual Rent
- 1500
- SqFt Total
- 850
- Rooms Total
- 6
- Kitchen YN
- Yes
- Dining Room YN
- Yes
- Living Room YN
- Yes
Unit 7
- Unit #
- 301
- Occupied YN
- Yes
- Actual Rent
- 1300
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 8
- Unit #
- 302
- Occupied YN
- Yes
- Actual Rent
- 1200
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 9
- Unit #
- 401
- Occupied YN
- Yes
- Actual Rent
- 950
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 10
- Unit #
- 402
- Occupied YN
- Yes
- Actual Rent
- 950
- SqFt Total
- 575
- Rooms Total
- 5
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
- Unit Remarks
- Totally renovated
Unit Details
- 1 Bedroom
- 3
- 2 Bedroom
- 6
- 3 Bedroom
- Yes
Meter Information
- Number Of Separate Electric Meters
- 11
Location, Tax, and Legal
- Parcel Number
- 19.9.2.17-2
- Municipality
- Tobyhanna Township
- High School District
- Pocono Mountain
- County Tax Amount
- 2317.66
- Municipal Tax Amount
- 846.28
- School Tax Amount
- 9414.87
- Tax Other Annual Assessment Amount
- 211.15
- Tax Annual Amount
- 12789.96
- Tax Assessed Value
- 423140
- Tax Year
- 2025
- Tax Map Number
- 19632504508459
- Tax Book Number
- 2662/3517
- Deed Recording Date
- 2024-12-19
- Additional Parcels YN
- Yes
- Additional Parcels Description
- Rear stand alone address is 385 Old Route 940. Property goes across the street.
- Zoning
- R1 Use apt 4+
- Zoning Description
- Multi-Family
- Common Interest
- None
- Land Lease YN
- No
Currently Not Used
- Number Of Units Total
- 10
Special Listing Conditions
- Standard
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Insurance
- Yes
- Taxes
- Yes
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- HVAC Maintenance
- Yes
- Roof Maintenance
- Yes
- Repairs
- Yes
- Grounds Care
- Yes
- Snow Removal
- Yes
- Trash Collection
- Yes
Tenant Pays
- Electricity
- Yes
- Hot Water
- Yes
- Cable TV
- Yes
Income Includes
- Rent Only
- Yes
Financial Data Source
- Owner
- Yes
Possession
- Close Of Escrow
- Yes
Common Walls
- 2+ Common Walls
- Yes
Current Use
- Residential
- Yes
Architectural Style
- Colonial
- Yes
- Traditional
- Yes
Interior Features
- Eat-in Kitchen
- Yes
- Laminate Counters
- Yes
- Storage
- Yes
Laundry Features
- In Unit
- Yes
Flooring
- Ceramic Tile
- Yes
- Combination
- Yes
- Vinyl
- Yes
- Wood
- Yes
Door Features
- Storm Door(s)
- Yes
Construction Materials
- Brick
- Yes
- Stone
- Yes
- Lap Siding
- Yes
Basement
- Full
- Yes
Foundation Details
- Stone
- Yes
Roof
- Asphalt
- Yes
- Shingle
- Yes
Heating
- Baseboard
- Yes
- Electric
- Yes
Appliances
- Electric Oven
- Yes
- Refrigerator
- Yes
- Water Heater
- Yes
- Range Hood
- Yes
Security Features
- Closed Circuit Camera(s)
- Yes
- Fire Alarm
- Yes
- Security Lights
- Yes
- Security System Owned
- Yes
- Smoke Detector(s)
- Yes
Other Equipment
- Call Listing Agent
- Yes
Water Source
- Well
- Yes
Sewer
- On Site Septic
- Yes
- Septic Tank
- Yes
- Holding Tank
- Yes
Patio And Porch Features
- Porch
- Yes
- Rear Porch
- Yes
Parking Features
- Unassigned
- Yes
- Off Street
- Yes
- Driveway
- Yes
- Gravel
- Yes
Other Structures
- Shed(s)
- Yes
- Storage
- Yes
Lot Features
- Level
- Yes
- Cleared
- Yes
- Other
- Yes
Road Frontage Type
- State Road
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
RE/MAX Crossroads
Last Updated: June - 02 - 2025
Information deemed reliable but not guaranteed.
