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1460 Pocono Ln - 5 Unit Multi-Family OR Short Term Rental Prop 5 Unit Apartment Building Offered at $799,000 at a 7.38% Cap Rate Bartonsville, PA 18321
Investment Highlights
- Zoning allows AirBnB / Short Term Rental
- 300+ Ft frontage on Pocono Creek
- 5 occupied Units
- Commercially Zoned
Executive Summary
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.
Property Facts
| Price | $799,000 | Property Type | Multifamily |
| Price Per Unit | $159,800 | Lot Size | 1.63 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 7.38% | No. Stories | 1 |
| No. Units | 5 | Year Built | 1970 |
| Zoning | Commercial | ||
| Price | $799,000 |
| Price Per Unit | $159,800 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 1.63 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | Commercial |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
20/100
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1460 Pocono Ln - 5 Unit Multi-Family OR Short Term Rental Prop
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