383 Old Route 940, Pocono Pines, PA 18350
$443,000
Property Type:
Residential Income
Square Footage:
7,708
Lot Size (sq. ft.):
80,586
Status:
Closed
Current Price:
$443,000
List Date:
5/31/2019
Last Modified:
3/03/2025
Description
Pocono Pines building is a 4 story walk-up apartment building with 1 detached unit on the same parcel. The roof was completely replaced and 8 of 10 units have been remodeled and updated. The property is located next to the most incredible lakefront communities in the Poconos and Lake Naomi. Easy highway access (Rt 80) in a developing commuter area. This location features a strong rental market and close proximity to major employers. Additional properties available in the immediate area to build your portfolio. Financing for purchase & for the renovation is available through Direct Lending Partner. 90% of the purchase price and renovations. Private Lender. Ability to close in 5-7 days.
More Information MLS# PM-68590
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $443,000
Current Price: $443,000
Status: Closed
Listing Contract Date: 2019-05-31
Location, Tax, and Legal
Parcel Number: 19.9.2.17-2
Municipality: Tobyhanna Township
High School District: Pocono Mountain
Cnty&Muni Taxes (Legacy): 1531.94
School Tax Amount: 5687.59
Tax Annual Amount: 7219.53
Tax Assessed Value: 42040
Tax Book Number: 2453/1090
Zoning Description: Residential
General Property Information
Stories: 3
Number Of Buildings: 2
Basement YN: No
Parking Total: 10
Lot Size Acres: 1.85
List Price/SqFt: 58.37
Sold Price/SqFt: 57.47
Building Area Total: 7708
Year Built: 1902
Currently Not Used
Number Of Units Total: 10
Remarks and Miscellaneous
Public Historical Remarks: Type: Built as Apartment, Roof: Pitched, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code RESI, Miscellaneous: Cert of Occ Req'd Yes
Public Remarks: Pocono Pines building is a 4 story walk-up apartment building with 1 detached unit on the same parcel. The roof was completely replaced and 8 of 10 units have been remodeled and updated. The property is located next to the most incredible lakefront communities in the Poconos and Lake Naomi. Easy highway access (Rt 80) in a developing commuter area. This location features a strong rental market and close proximity to major employers. Additional properties available in the immediate area to build your portfolio. Financing for purchase & for the renovation is available through Direct Lending Partner. 90% of the purchase price and renovations. Private Lender. Ability to close in 5-7 days.
Unit Details
1 Bedroom: 2
2 Bedroom: 7
3 Bedroom: 1
Listing Terms
Cash: 1
Conventional: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 895
SqFt Total: 805
Beds Total: 2
Baths Total: 1
Unit 2
Unit #: 2
Occupied YN: Y
Actual Rent: 675
SqFt Total: 500
Beds Total: 1
Baths Total: 1
Unit 3
Unit #: 3
Actual Rent: 765
SqFt Total: 575
Beds Total: 2
Baths Total: 1
Unit 4
Unit #: 4
Actual Rent: 675
SqFt Total: 500
Beds Total: 1
Baths Total: 1
Unit 5
Unit #: 5
Occupied YN: Y
Actual Rent: 765
SqFt Total: 575
Beds Total: 2
Baths Total: 1
Unit 6
Unit #: 6
Occupied YN: Y
Actual Rent: 975
SqFt Total: 600
Beds Total: 3
Baths Total: 1
Unit 7
Unit #: 7
Occupied YN: Y
Actual Rent: 765
SqFt Total: 575
Beds Total: 2
Baths Total: 1
Unit 8
Unit #: 8
Occupied YN: Y
Actual Rent: 765
SqFt Total: 575
Beds Total: 2
Baths Total: 1
Unit 9
Unit #: 9
Occupied YN: Y
Actual Rent: 765
SqFt Total: 575
Beds Total: 2
Baths Total: 1
Construction Materials
Vinyl Siding: 1
Roof
Other: 1
Cooling
None: 1
Heating
Natural Gas: 1
Water Heater
Gas: 1
Appliances
Water Heater: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Parking Features
Paved: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
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
Status Change Information
Purchase Contract Date: 2019-08-13
Close Date: 2019-10-24
Close Price: 443000
Property Features
Listing Terms: Cash; Conventional
Construction Materials: Vinyl Siding
Roof: Other
Cooling: None
Heating: Natural Gas
Water Heater: Gas
Appliances: Water Heater
Water Source: Well
Sewer: Septic Tank
Parking Features: Paved
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
DLP Realty
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
