Let luxury meet reality in this grand 10-unit, fully occupied real estate investment opportunity located in the serene setting of East Stroudsburg. This property boasts a stunning parcel of 4 golden acres with a treasure trove of housing, all benefiting from front and rear porches that offer tranquil views.
On this impressive plot, you will find a collection of seven beautiful, single-family ranch style homes, each boasting its distinct charm and allure. Moreover, a unique 3-unit building adds increased diversity to the living options provided. Every unit enjoys the luxury of separate utilities for electric and heating fuel, and all these costs are graciously borne by the dedicated tenants.
Whether it's for long-term or short-term storage, the property graciously provides four storage sheds, conveniently meeting the needs of all residents. Each home is meticulously cared for and appreciated by long-term tenants, some who have made these houses their homes for up to 7 remarkable years.
Offering a generous living area, the combined square footage of these homes totals approximately 8,000 sqft. This includes many bedrooms, 25 in count, offering a variety of 2 and 3 bedroom unit options. With a collection of 11 full bathrooms, comfort and convenience are guaranteed for every resident.
Currently operating in an "as is" condition, this property stands as a no-hassle, fully occupied and profit-generating income source. The return on investment is clearly visible with a promising annual gross rental income of over $138,000 - signs of great potential and financial growth.
Personalizing the property with potential updates could result in higher lease amounts in the near future. With this generous home package, you can expect a great potential for an elevated revenue stream. From the long-standing tenants, practical separate utilities, and the relentless demand for housing in the area, the pros of this property are clear.
Given the property's location off Timothy Lake Road, future residents can expect serene suburban living, away from the hustle but close enough for convenience. So, seize the day and grasp the opportunity to own this impressive ensemble of homes - a true gem in a historic town.
