NOT LISTED FOR SALE

1961 W Main St Stroudsburg, PA 18360

Estimated Value: $146,000 - $1,379,799

2 Beds
2 Baths
8,680 Sq Ft
$63/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $1,300,000 $150 Per Sq Ft

Current estimated payment $3,003/month

15 Days on Market

Highlights

  • 0.9 Acre Lot
  • Ceiling Fan
  • 1-Story Property
  • Cooling Available
  • Baseboard Heating

About This Home

As of May 2024

Investment Opportunity! Call Today For This 14-Unit, Fully-Occupied 'Cottage Park' Property in Stroudsburg, PA. Boasting just under $200K in gross annual rental revenues w controlled expenses, this property consists of one quadplex, one duplex and eight standalone cottages. Set on a main thoroughfare serviced by public utilities, this stabilized property is located a half-mile to major conveniences and employers at The Stroud Mall, Shoprite and Route 611's commercial corridor. Of the 14 Units, 10 have been gut renovated; 1 is a new build, while the remaining 3 still offer room to add value and revenue. Stroudsburg is the County Seat of Monroe County, which has a population of 165,000+. Property is 7 miles from the Delaware Water Gap Bridge to NJ via Route 80. Do Not Delay - Call Today!

Last Agent to Sell the Property

Xander Weidenbaum

Redstone Run Realty, LLC - Stroudsburg License #RS 318582 Listed on: 01/30/2024

Last Buyer's Agent

(Lehigh) GLVR Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,226

Year Built

  • Built in 1954

Lot Details

  • 0.9 Acre Lot
  • Property fronts a state road

Parking

  • Paved Parking

Home Design

  • Flat Roof Shape
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8,680 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Utilities

  • Cooling Available
  • Baseboard Heating
  • Separate Meters
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17.12.7.20

Community Details

Overview

  • 10 Buildings
  • 10 Units

Building Details

  • Insurance Expense $12,000
  • Maintenance Expense $15,984
  • Trash Expense $3,600
  • New Taxes Expense $11,501
  • Operating Expense $9,984
  • Gross Income $199,680
  • Net Operating Income $139,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,226

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Directions: From I-80 W, Take exit 305 for US-209 BUS/Main St, Turn right onto US-209 BUS S/W Main St, Destination will be on the left
  • Prop. Type: Residential Income
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Building Stories: 1
  • Year Built: 1954
  • PropertySubType: Multi Family
  • Lot Size Acres: 0.9
  • Co List Office Phone: 570-390-4646
  • MLS Status: Closed
  • Subdivision Name: None
  • ResoBuildingAreaSource: Public Records
  • Location Tax and Legal Parcel Number2: 17.12.7.20
  • Location Tax and Legal School Tax Amount2: 9166.91
  • Location Tax and Legal Tax Annual Amount2: 11225.93
  • Location Tax and Legal Zoning Description2: Commercial
  • General Property Information Stories2: 1
  • General Property Information Lot Size Acres: 0.9
  • Roof:Shingle: Yes
  • Equipment:Water Heater - Electric: Yes
  • Appliances Water Heater3: Yes
  • General Property Information Basement YN: No
  • Cooling:Ceiling Fan(s): Yes
  • Water Source:Public: Yes
  • Sewer:Public Sewer: Yes
  • Road Frontage Type:State Road: Yes
  • Electric 100 Amp Service: Yes
  • General Property Information Number Of Buildings2: 10.0
  • Income And Expenses Operating Expense: 9984.0
  • Income And Expenses New Taxes Expense: 11501.0
  • Cooling Separate Meters: Yes
  • Income And Expenses Maintenance Expense: 15984.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Water Heater
  • Basement YN: No

Exterior Features

  • Roof: Shingle, Flat, Other
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Parking Features:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Separate Meters
  • Electric: 100 Amp Service
  • Heating: Baseboard, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric5: Yes
  • Heating:Baseboard: Yes

Lot Info

  • Lot Size Sq Ft: 39204.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 17.12.7.20
  • Zoning Description: Commercial

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 11225.93
  • Tax Book Number: 2569/9862

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
May 8, 2024
Sold by
Ide Holdings Llc
Bought by
Parktan Sunny Realty Llc
Seller's Agent
Xander Weidenbaum
Redstone Run Realty, LLC - Stroudsburg
Buyer's Agent
(Lehigh) GLVR Member
NON MEMBER
List Price
$1,295,000
Sold Price
$1,300,000
Premium/Discount to List
$5,000
0.39%
Views
28
Current Estimated Value
$545,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$754,050
Avg. Annual Appreciation
-48.69%
Original Mortgage
$597,950
Interest Rate
6.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 28, 2021
Sold by
Mjm Bax Llc
Bought by
Ide Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2013
Sold by
Moyer Helen
Bought by
Mjm Bax Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Parktan Sunny Realty Llc $1,300,000 Parkland Abstract
Ide Holdings Llc $360,000 Capstone Settlement Inc
Mjm Bax Llc $45,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parktan Sunny Realty Llc $750,000
Closed Parktan Sunny Realty Llc $597,950
Previous Owner Ide Holdings Llc $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $1,300,000 +0.4% $150 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $1,295,000 -- $149 / Sq Ft
Source: Pocono Mountains Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $413 $50,110 $23,900 $26,210
2024 $338 $50,110 $23,900 $26,210
2023 $1,673 $50,110 $23,900 $26,210
2022 $1,708 $50,110 $23,900 $26,210
2021 $1,655 $50,110 $23,900 $26,210
2019 $1,776 $9,420 $2,850 $6,570
2018 $1,895 $9,420 $2,850 $6,570
2017 $1,895 $9,420 $2,850 $6,570
2016 $357 $9,420 $2,850 $6,570
2015 -- $6,370 $2,850 $3,520
2014 -- $6,370 $2,850 $3,520
Source: Public Records

Agents Affiliated with this Home

  • Xander Weidenbaum

    Seller's Agent in 2024

    Xander Weidenbaum

    Redstone Run Realty, LLC - Stroudsburg

    (570) 390-4646

    11 in this area

    518 Total Sales

    Xander Weidenbaum
    Section Image

  • (

    Buyer's Agent in 2024

    (Lehigh) GLVR Member

    NON MEMBER

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Map

Source: Pocono Mountains Association of REALTORS®

MLS Number: PM-112423

Pocono Mountains Association of REALTORS®

APN: 17.12.7.21

Pennsylvania Monroe County Stroudsburg 18360

1961 W Main St, Stroudsburg, PA

This home is located at 1961 W Main St, Stroudsburg, PA 18360 since 30 January 2024 and is currently estimated at $545,950, approximately $62 per square foot. This property was built in 1954. 1961 W Main St is a home located in Monroe County with nearby schools including Stroudsburg Junior High School, Stroudsburg High School, and Stroudsburg Seventh-day Adventist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pocono Mountains Association of REALTORS® The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarilty the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Associations and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied.

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