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2309 Milford Rd 2309 Milford Rd East Stroudsburg, Pennsylvania 18301 United States
2309 Milford Rd East Stroudsburg, Pennsylvania 18301 United States
$2,475,000
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Subject Property known as: Boom Motor Lodge. Under Management GMPS Property Management. 6 Apartments. 1 Cabin. 21 Motel Rooms. **Per Zillow-East Stroudsburg experienced 33% inflation on the price of housing during 2021**. Professional Management in Place. Recent Complete Renovation in 2020 to entire complex. Occupancy Permits from Township Issued. Option to operate as Motel or Extended Stay...
- 11,970 Sq Ft.
- Interior
- 5 Acres
- Exterior
- Multi-Family Homes
- Property Type
- 1952
- Year Built
- PM-96660
- Web Id
- PM-96660
- MLS ID
- 55
- days ago
About 2309 Milford Rd
Subject Property known as: Boom Motor Lodge. Under Management GMPS Property Management. 6 Apartments. 1 Cabin. 21 Motel Rooms. **Per Zillow-East Stroudsburg experienced 33% inflation on the price of housing during 2021**. Professional Management in Place. Recent Complete Renovation in 2020 to entire complex. Occupancy Permits from Township Issued. Option to operate as Motel or Extended Stay Lodging. Coin Laundry, Security Camera System, PTEC Heating/Cooling Units. 2021 NOI: $171,209 - This was for 10 Months **Based on LLC Tax Return Sch E ** Will provide to buyer. T12 NOI: $201,000. 2022 NOI: $205,450+. Project due for another rent bump in less than 6 months. Parking Lot paved in Fall 2021, Gazebo. Public Sewer, Onsite Well.
features
- cooling
- Electric
Property Details
- Year Built
- 1952
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