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8 Unit Apartment Building with Garage Rental

Listing was updated at: 07/08/2019
8 Unit Apartment Building with Garage Rental

Property Overview

Price/Rent PSF $ 949,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 12,183
Date Available 07/08/2019
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Description

Location
Tannersville is located in Pocono Township, Monroe County, Pennsylvania. Nearby area attractions include The Crossings Premium Outlets, Cambelback Ski Resort and Waterpark, Pocono Manor Resort, Great Wolf Lodge and Mt. Airy Casino Resort. Sanofi Pasteur and Pocono Mountain School District are also in close proximity. Population of 25,757 with a median household income of $ 77,699 within 5 miles.

The Pocono Mountains, which has 27.9 million visitors each year, is approximately 2 hours from Philadelphia, Harrisburg or Trenton and 1.5 hours from New York City. Travel spending exceeds $3.3 billion annually of which 19% is on food and beverage. The Poconos features more than 30 golf courses, 4 indoor waterparks, abundant shopping centers and various seasonal recreational activities. Major area developments include the proposed $400 million Pocono Springs Entertainment Village, the 130,000 square foot expansion of Kalahari Resort’s convention center, and the new Harley Davidson dealership.

Sale
KW Commercial, The Daniel Perich Group is offering this investment property for sale in Tannersville. The 100% occupied property consists of an 8-unit, 7,189 square foot apartment building and a 4,994 square foot garage. Buildings are situated on 1.32 acres along Route 611 and serviced by public water and on-site septic (public sewer available).

Location

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