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412 N 8th St 4 Unit Apartment Building $565,000 ($141,250/Unit) 9.07% Cap Rate Stroudsburg, PA 18360
INVESTMENT HIGHLIGHTS
- Newly renovated
- Landlord only responsible for taxes, insurance, snow and landscaping
- Close to downtown
EXECUTIVE SUMMARY
Renovated 4 unit investment in the heart of Stroudsburg. 8.5%+ cap rate. Very low expenses. All utilities billed back to tenants. Landlord is only responsible for landscaping, snow, taxes and insurance. Three 2-bedrooms and one studio. 3 out of the 4 units are fully in renovated in 2023. New roof 2023. House hacker opportunity, live in one and rent the others. Walking distance to courthouse circle and Main Street Stroudsburg.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,672
|
$16.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,672
|
$16.39
|
| Taxes |
$7,692
|
$1.89
|
| Operating Expenses |
$7,003
|
$1.72
|
| Total Expenses |
$14,695
|
$3.61
|
| Net Operating Income |
$51,977
|
$12.78
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $66,672 |
| Annual Per SF | $16.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,672 |
| Annual Per SF | $16.39 |
| Taxes | |
|---|---|
| Annual | $7,692 |
| Annual Per SF | $1.89 |
| Operating Expenses | |
|---|---|
| Annual | $7,003 |
| Annual Per SF | $1.72 |
| Total Expenses | |
|---|---|
| Annual | $14,695 |
| Annual Per SF | $3.61 |
| Net Operating Income | |
|---|---|
| Annual | $51,977 |
| Annual Per SF | $12.78 |
PROPERTY FACTS
| Price | $565,000 | Building Class | C |
| Price Per Unit | $141,250 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,068 SF |
| Cap Rate | 9.07% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2 | ||
| Price | $565,000 |
| Price Per Unit | $141,250 |
| Sale Type | Investment |
| Cap Rate | 9.07% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,068 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2023 |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 18-3.1.2.12 | Total Assessment | $173,360 (2025) |
| Land Assessment | $57,250 (2025) | Annual Taxes | $7,692 ($1.89/SF) |
| Improvements Assessment | $116,110 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
18-3.1.2.12
Land Assessment
$57,250 (2025)
Improvements Assessment
$116,110 (2025)
Total Assessment
$173,360 (2025)
Annual Taxes
$7,692 ($1.89/SF)
Tax Year
2024
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412 N 8th St
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