111 William Lane $107,000

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    111 William Lane Tunkhannock Township, PA 18610

    • 3 Beds
    • 2 Baths
    • 1,440 sq.ft.
    • Multi-Family
    MLS# 599165 | Sold & Settled
    Days On Market: 187 2 Views
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    Property Details

    INVESTMENT PROPERTY with a 9.2% CAP RATE, zoned C-2 Commercial, in Tunkhannock Twp, Monroe County currently includes 2 single family rental units with approval for a 3rd unit. The rental units include: 1.) A modular home and a 2 car garage, sold with the property, currently rented for $1,000 per month. 2.) A pad site currently rented for $400 per month for a trailer that is tenant owned. 3.) Approved pad site for additional income. This site is currently unoccupied. Current financials include $16,800 annual gross income (GI) and $11,040 annual net income (NI), after expenses, with capacity for adding a third unit for additional income. Located on a 1 acre lot, with plenty of parking, on PA Route 115, approx 6 miles south of Blakeslee near the entrance to Pocono Raceway. PennDOT traffic count is 8,400 vehicles pass by this property each 24 hours. 2018 income and expense statement available.

    • General Features
      • Year Built 1984
      • Total Taxes 2761.40
      • Subdivision Not in Development
      • Full Bathrooms 2
      • Half Bathrooms 0
      • Property Sub-Type Category Commercial,Detached,Resi Lease/Lot
      • Subdivision Not in Development
      • County Monroe
      • Area Tunkhannock
      • Bathrooms 2
      • Bedrooms 3
    • Building Features
      • Construction Vinyl
      • Cooling Ceiling Fan
      • Square Footage 1440
      • Features Patio,Storm Doors,Wall-to-Wall Carpet,Wash/Dry Hook-ups
      • Stories 1.0
    • Property Features
      • Acres 1.000
      • Sewer Septic
      • Parking Garage
      • Parking Spaces 10
      • Water Shared,Well
    • Schools
      • School District Pocono Mountain

    Neighborhood

    18610 (Tunkhannock Township) Demographics

    46Median Age
    136Population Density (per sq. mile)
    20%College Educated
    $53,569 Estimated Median Income
    1,318Estimated Total Home Owners
    141Estimated Total Renters
    90% / 10%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    4,096Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $80,000 Median Sales Price
    1 Homes Sold
    3 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        5/15/2019 3:00:00 AM Sold Source New Value: $107,000

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