Listed by TACM Commercial Realty
$799,000
5 Unit Multifamily or Short Term Rental
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,000
Units 5
Cap Rate 7.38%
NOI $59,000
Tenancy Multi
Price per SqFt $266
Year Built 1970
Buildings 3
Acreage 1.630
Zoning C - Commercial
Investment Type Stabilized
Multifamily | 7.38% CAP | 5 Units
Marketing description
This 5-unit property is a mix of 1 and 2-bedroom units spread over 3 Buildings. These cottages on the banks of the Pocono Creek provide a picturesque location in the heart of the Poconos. Conveniently located near shopping and attractions, yet secluded and tranquil. Commercial Zoning in Pocono Township allows for the rare opportunity for both traditional multi-family rental AND Short Term Rentals / Airbnb. The 300+ feet of frontage on the Pocono Creek and access to central sewer make this a unique opportunity to create a rental getaway. Currently leased as traditional rentals with a Gross income of $84,600/yr and NOI of $59,000/yr.
Investment highlights
- Zoning allows AirBnB / Short Term Rental
- 5 occupied Units
- 300+ Ft frontage on Pocono Creek
- Commercially Zoned
Listing Contacts
Listed by TACM Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,000.00
$4,916.67/mo
Valuation Metrics
0
DSCR
7.38%
Cap Rate
7.38%
ROI
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Property History
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