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255 Washington St 8 Unit Apartment Building $1,295,000 ($161,875/Unit) 6.95% Cap Rate East Stroudsburg, PA 18301
INVESTMENT HIGHLIGHTS
- Recently Updated
- Public Utilities
- 6 one-bedroom & 2 Studio Apts.
- Paved Off-Street Parking
- Convenient Location
EXECUTIVE SUMMARY
Rare Multi-Family Investment FOR SALE. This 8-unit property was fully renovated in 2023 and features modern kitchens, gorgeous bathrooms, beautiful windows and doors, and new HVAC in every unit. Located in the center of East Stroudsburg, this apartment building is in one of the best spots around. Featuring SIX 1-bedroom and TWO studio Apartments and close to shopping, Historic Crystal St, ESU, the hospital, and Route 80, you can't get more desirable or convenient. Off-Street parking available for tenants, high-efficiency HVAC, and beautiful finishes make these apartments highly desirable. This is a great investment opportunity in the Borough of East Stroudsburg. Current Gross income $138,000. Call for details.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$137,988
|
$28.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,379
|
$0.29
|
| Effective Gross Income |
$136,609
|
$28.42
|
| Taxes |
$26,024
|
$5.41
|
| Operating Expenses |
$20,274
|
$4.22
|
| Total Expenses |
$46,298
|
$9.63
|
| Net Operating Income |
$90,311
|
$18.79
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $137,988 |
| Annual Per SF | $28.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,379 |
| Annual Per SF | $0.29 |
| Effective Gross Income | |
|---|---|
| Annual | $136,609 |
| Annual Per SF | $28.42 |
| Taxes | |
|---|---|
| Annual | $26,024 |
| Annual Per SF | $5.41 |
| Operating Expenses | |
|---|---|
| Annual | $20,274 |
| Annual Per SF | $4.22 |
| Total Expenses | |
|---|---|
| Annual | $46,298 |
| Annual Per SF | $9.63 |
| Net Operating Income | |
|---|---|
| Annual | $90,311 |
| Annual Per SF | $18.79 |
PROPERTY FACTS
| Price | $1,295,000 | Building Class | C |
| Price Per Unit | $161,875 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,806 SF |
| Cap Rate | 6.95% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1902/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R3 - R-3 | ||
| Price | $1,295,000 |
| Price Per Unit | $161,875 |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,806 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1902/2023 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | R3 - R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Wi-Fi
- Intercom
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Wi-Fi
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 05-3.1.7.31 | Total Assessment | $582,470 |
| Land Assessment | $70,200 | Annual Taxes | $26,024 ($5.41/SF) |
| Improvements Assessment | $512,270 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
05-3.1.7.31
Land Assessment
$70,200
Improvements Assessment
$512,270
Total Assessment
$582,470
Annual Taxes
$26,024 ($5.41/SF)
Tax Year
2025
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255 Washington St
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