87 MILANVILLE RD new to site Save Request In-Person Tour Request Virtual Tour
Beach Lake,PA 18405
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 22,651 sqft
Price per Sqft $39
MLS Listing ID PAWN2000764
Year Built 1830
Annual Tax Amount $7,850
Tax Year 2025
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
7-unit mixed use apartment building for sale including 6 efficiency apartments and one 3 beds, 1 bath apartment. Inactive historic bar/restaurant with liquor license on 1st floor which could be converted to additional units or continue operations as a turnkey bar/restaurant with a full kitchen. Very close proximity to Bethel Woods, Big Bear Ski Lodge, the Delaware river, and other attractions in the Poconos making it attractive for year-round tourism. Each of the furnished units are fully occupied on a month-to-month basis without leases in place paying $1,000 per month. Owner occupies the 3-bed unit. Operating costs are roughly 15k per year (taxes are 7850, sewer 3k, insurance 2k). Brand new propane Furnace with 2 new electric water heaters. The property could also be used as a short-term rental. Located just five minutes from New York State and two-and-a-half-hours from New York City, NJ, and Philadelphia. The large lot size suggests room for further development of the grounds. Owner will be open to a short-term owner financing with minimum 375k down at a desirable 5% interest rate with balloon payment at end of term. Capitalize on the region's housing shortage and tourism draw the Poconos brings and this could be a cash cow to add to your portfolio.
Location
State PA
County Wayne
Area Berlin Township (13901)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric,Propane - Owned
Exterior
Garage Spaces 18.0
Water Access N
Accessibility None
Total Parking Spaces 18
Garage N
Building
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Wayne Highlands
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard