NOT LISTED FOR SALE

6631 Pennsylvania 191 Cresco, PA 18326

-- Bed
-- Bath
10,850 Sq Ft
0.55 Acres

Last Sold May 20, 2022

Last sale price $600,000 $55 Per Sq Ft

37 Days on Market

Highlights

  • Commercial or Retail Space
  • Pocono Mountain East High School Rated 9+
  • Heating Available

About This Home

As of May 2022

8-unit investment for sale in Cresco. This mixed-use property has 6 residential rentals and 2 commercial units. Great exposure along Route 191/390 directly across from Steele's Ace Hardware. Desirable corridor carrying traffic to Buck Hill Falls, Skytop Lodge and Promised Land State Park. Value-add opportunity with below market rents and month-to-month leases.

Last Agent to Sell the Property

Daniel Perich

KW Commercial - Stroudsburg License #RM425687 Listed on: 12/30/2021

KW Commercial - Stroudsburg

Last Buyer's Agent

nonmember nonmember

NON MBR Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.55 Acre Lot

Home Design

  • Commercial or Retail Space
  • Frame Construction

Interior Spaces

  • 10,850 Sq Ft Home
  • 2-Story Property

Parking

  • 20 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 01638703039474

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $46,094
  • Gross Income $98,160
  • Net Operating Income $52,065

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 477990.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Square Footage: 10850

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 20

Utilities

  • Cooling: Wall AC
  • Heat Type: Electric
  • Sewer: Septic
  • Water: Public

Fee Information

  • Operating Expense: 46094

Lot Info

  • Acres: 0.550
  • Lot Sq Ft: 23958
  • Zoning Code: Mu-V

Tax Info

  • Assessor Parcel Number: 01638703039474

Multi Family

  • Total Units: 8

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $600,000 -4.0% $55 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
12/30/2021 12/30/21 For Sale $625,000 -- $58 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daniel Perich

    KW Commercial - Stroudsburg

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 685044

Greater Lehigh Valley REALTORS®
Pennsylvania Monroe County Cresco 18326

6631 Pennsylvania 191, Cresco, PA

Not Listed for Sale

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