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.
|5/15/2019 3:00:00 AM||New Value: $107,000|