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74 Broad Street, Stroudsburg, PA 18360 (MLS# PM-74875)

74 Broad Street, Stroudsburg, PA 18360

$630,000
Property Type: Commercial Sale Square Footage: 9,046 Lot Size (sq. ft.): 37,897 Status: Closed
Current Price: $630,000 List Date: 1/13/2020 Last Modified: 5/09/2025

Overview

Description

Multifamily investment package for sale in the Poconos. The 10-unit package consists of 3 separate properties in Monroe County with 100% current occupancy. Owner will provide financing to qualified buyer. 74 Broad Street, Stroudsburg is a four unit with 1 three-bedroom, 2 one-bedroom and 1 loft unit. The three unit located at 58 Lenox Avenue, East Stroudsburg consists of 1 three-bedroom apartment and 2 two-bedrooms apartments. The 3 unit located at 135 Marion Street, Swiftwater includes a duplex (one bedroom each) and a two-bedroom cottage.

Listing Details MLS# PM-74875

General Property Information

Above Grade Finished Area
9046
Building Area Total
9046
Stories
2
Year Built
1910
Year Built Source
Other
Lot Size Acres
0.87
List Price/SqFt
77.27
Sold Price/SqFt
69.64

Property Features

Listing Terms: Cash; Conventional; Owner May Carry Possession: Close Of Escrow Current Use: Residential Possible Use: Residential; Investment; Multi-Family Building Features: Other Rail Road Track: None Construction Materials: Frame Cooling: Central Air; Wall/Window Unit(s) Heating: Electric Water Source: Public; Well Sewer: Public Sewer; Septic Tank Road Frontage Type: State Road; See Remarks Road Surface Type: Paved; Asphalt; Gravel Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2020-01-13
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Monroe
Street Number
74
Street Name
Broad
Street Suffix
Street
City (Post Office)
Stroudsburg
State
PA
Postal Code
18360

Remarks and Miscellaneous

Public Historical Remarks
Road Type: Twp-rd, Warranty: None, Location: FreeStnd, Miscellaneous: Zoning Code R-1 and R-2
Public Remarks
Multifamily investment package for sale in the Poconos. The 10-unit package consists of 3 separate properties in Monroe County with 100% current occupancy. Owner will provide financing to qualified buyer. 74 Broad Street, Stroudsburg is a four unit with 1 three-bedroom, 2 one-bedroom and 1 loft unit. The three unit located at 58 Lenox Avenue, East Stroudsburg consists of 1 three-bedroom apartment and 2 two-bedrooms apartments. The 3 unit located at 135 Marion Street, Swiftwater includes a duplex (one bedroom each) and a two-bedroom cottage.

Status Change Information

Purchase Contract Date
2020-02-05
Close Date
2020-05-15
Close Price
630000

More Information

Unit Details

Number Of Units Leased
10

Income and Expenses

Cap Rate
9.18

Location, Tax, and Legal

Parcel Number
18-5.1.4.11
Municipality
Stroudsburg Borough
High School District
Stroudsburg Area
Cnty&Muni Taxes (Legacy)
1677.75
School Tax Amount
3964.92
Tax Annual Amount
5642.67
Tax Assessed Value
24280
Tax Book Number
2156/7945
Zoning Description
Multi-Family

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Possession

Close Of Escrow
Yes

Current Use

Residential
Yes

Possible Use

Residential
Yes
Investment
Yes
Multi-Family
Yes

Building Features

Other
Yes

Rail Road Track

None
Yes

Construction Materials

Frame
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Heating

Electric
Yes

Water Source

Public
Yes
Well
Yes

Sewer

Public Sewer
Yes
Septic Tank
Yes

Road Frontage Type

State Road
Yes
See Remarks
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes
Gravel
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.