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Off-Market

156 Analomink St

East Stroudsburg, PA 18301, USA

List price

$295,000

5

beds

2

baths

2,051

sq ft

1916-01-01

built

Single Family

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Story

OFFERMARKET PORTFOLIO DEAL -- Confidential, not for redistribution.

Deal Overview:

  • Rental type: off-campus student housing
  • Current tenants: student athletes of East Stroudsburg University
  • Lease terms:
  • $3,200/month (leased for 2021-22 school year)
  • Effective rate per room: $640/month
  • 12 month
  • Guaranteed by parent co-signers
  • Property management fee: 5% of monthly rental income
  • Notes: typically half of students pay up-front for the year
  • Home Inspection Report (3-17-2021)
  • Rental Property Calculator

East Stroudsburg University:

2019 Renovation:

  • Condition: turnkey
  • Rehab investment: $104,000
  • New roof
  • New electrical
  • New PEX plumbing
  • New wood floors
  • New windows
  • New bathrooms
  • New kitchen
  • granite countertops
  • stainless appliances
  • Off-street parking for up to 8 cars

Property details

22 details the seller has shared

22 details

Property

· The bones — what the buyer sees first

Bedrooms

5

Full baths

2

Half baths

0

Finished sq ft

2,171 sq ft

Above-grade sq ft

2,051 sq ft

Below-grade finished sq ft

120 sq ft

Year built

1916

Stories

2

Units

1

Property type

Single Family

Occupancy

Rental Property

Condition (1–5)

5

Neighborhood

East Stroudsburg

County

Monroe County

Financials

· What it earns and what it costs to hold

ARV (after repair)

$349,000

Tax-assessed value

$85,030

Property tax rate

2%

Cap rate

10%

Cash-on-cash return

14%

Monthly cash flow

$1,000 /mo

Features

· Comfort, climate, and curb appeal

Basement

Finished

History & terms

· Past sales, updates, and deal mechanics

Year renovated

2020

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