2309 Milford Rd
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...

Simple Choice Realty

$2,475,000
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11,970 Sq Ft.
Interior
5 Acres
Exterior
Multi-Family Homes
Property Type
1952
Year Built
PM-96660
Web Id
PM-96660
MLS ID
East Stroudsburg Area
School District
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

Simple Choice Realty

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