Description
Projected $9,050 monthly gross income. Buy this property, invest another $165-200k in renovations, and then have an investment worth over $950,000. This 1.67 acre property was previously a successful senior care facility. The township approved the septic and zoning to change to multifamily. Now the property is for sale to the right investor who can work with the township to complete the work required to see this beautiful property transform into a profitable apartment building. Behind the property is a stream and a quaint farm. In front is a historic stone building. Set in this rural area still just a few minutes from Tobyhanna. Property owned by real estate licensee.
-
0BEDS
-
1.67ACRES
-
0BATHS
-
01/2 BATHS
-
5,669SQFT
-
$83$/SQFT
Description
Projected $9,050 monthly gross income. Buy this property, invest another $165-200k in renovations, and then have an investment worth over $950,000. This 1.67 acre property was previously a successful senior care facility. The township approved the septic and zoning to change to multifamily. Now the property is for sale to the right investor who can work with the township to complete the work required to see this beautiful property transform into a profitable apartment building. Behind the property is a stream and a quaint farm. In front is a historic stone building. Set in this rural area still just a few minutes from Tobyhanna. Property owned by real estate licensee.
Listings displayed are not necessarily the listings of the provider. The data relating to real estate for sale or lease on this web site comes in part from Pocono Mountains Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX of the Poconos. Data last updated 2022-07-01T19:13:36.443.