221 Upper Swiftwater Rd - Apartments FOR SALE


Cresco, PA 18326
$725,000 USD
570-839-1234
221 Upper Swiftwater Rd, Cresco, PA for Sale
$725,000 USD
Apartments - FOR SALE
1/1
null | 5.95% Cap Rate

221 Upper Swiftwater Rd
Cresco, PA 18326


HIGHLIGHTS

  • Perfect commercial location - Has hard to obtain short term rental license! - Duplex with city gas & new septic

OVERVIEW

Owner Retiring! Beautiful and rare duplex home on (2) two prime COMMERCIAL acres in the heart of the Poconos. Home has a difficult to obtain short term rental license (only available to commercial properties in Pocono Township). First floor apartment is a very popular short term rental. Second floor has a long term tenant who can vacate with two month notice. This space can also be licensed as a short term rental! Property has a new extra capacity septic system installed 3 years ago and two new furnaces hooked up to CITY GAS. City sewer is just down the street and can be accessible for a large project. The land is cleared and flat and ideal for a number of commercial uses including self storage etc. It is completely surrounded by Pocono Mountain School District land. The building once held a thriving family practice doctors office. Commercial possibilities are endless. There is also a double sided billboard on the property that has been rented yearly. This property has only been for sale three times in its life. It is directly across the street from Sanofi Laboratories and minutes away from Camelback ski resort and Mt. Airy casino. A fantastic investment property in the best area in the Pocono Mountains.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

2

PRICE/UNIT

$362,500

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRIME COMMERCIAL ACREAGE - SHORT TERM RENTAL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

commercial

APN/PARCEL ID

12.12.2.15-1

ASK ABOUT THIS PROPERTY

Eric Hockman296 UPPER SWIFTMore Info
570-839-1234

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Eric Hockman296 UPPER SWIFTMore Info
570-839-1234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.