pocono investment: 2 duplex portfolio · multifamily property for sale dlp • 95 highland avenue,...

Multifamily Property For Sale

DLP • 95 HIGHLAND AVENUE, SUITE 300, BETHLEHEM, PA 18017 • DLPMULTIFAMILY.COM

POCONO INVESTMENT:2 DUPLEX PORTFOLIO4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 2

95 Highland Avenue,Sui te 300,Beth lehem, PA 18017 • 610.421.4610 • d lpmul t i fami ly .com

T A B L E O F C O N T E N T S4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

Confident ia l i t y & D isc la imer

All materials and information received or derived from DLP its directors, officers, agents, advisors, affiliates and/or any third party sources areprovided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither DLP its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the any materials or information provided, derived, or received. Materials and information from any source, whether written orverbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. DLP will not investigate or verify any such matters or conduct due diligence for a party unless otherwiseagreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. DLP makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial dataor assumptions. DLP does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regardingfinancial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues inorder to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should be discussed by the party with appropriateengineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by DLP in compliancewith all applicable fair housing and equal opportunity laws.

Contents

DLP | 3


PROPERTY OVERVIEW

These private and peaceful properties are located in the Tego Lake Community. There are 2 duplexes located acrossfrom one another in a cul de sac for a total of 4 Units and 8 Bedrooms! Grow your investment portfolio quickly withthese producing separately parceled powerhouses! Includes parcel # 09732503143870. Some units recently renovated!Property is owned by a Pennsylvania Real Estate Licensee. SELLING AS IS.

PROPERTY HIGHLIGHTS

• 2 Duplex homes

• Located on a Cul-de-sac

• Private lake community

• Charming country location

• Strong rental market

OFFERING SUMMARY

Sale Price: $124,900

Building Size: 2,640 SF

Lot Size: 1.48 Acres

Price / SF: $47.31

Cap Rate: 8.7%

NOI: $10,870

Year Built: 1979

Renovated: 2020

Zoning: R3

E X E C U T I V E S U M M A R Y4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 4


A D D I T I O N A L P H O T O S4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 5



DLP | 6



DLP | 7


East Stroudsburg, PA

R E G I O N A L M A P4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 8


L O C A T I O N M A P S4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 9


A E R I A L M A P4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 10


INVESTMENT OVERVIEW

Price $124,900Price per Unit $31,225GRM -CAP Rate 8.7%Cash-on-Cash Return (yr 1) 8.7 %Total Return (yr 1) $10,870Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income -Other Income -Total Scheduled Income $26,520Vacancy Cost -Gross Income $26,520Operating Expenses $15,649Net Operating Income $10,870Pre-Tax Cash Flow $10,870

FINANCING DATA

Down Payment $124,900Loan Amount -Debt Service -Debt Service Monthly -Principal Reduction (yr 1) -

F I N A N C I A L S U M M A R Y4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 11


I N C O M E & E X P E N S E S4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

INCOME SUMMARY PER SF

Rental Income $26,520 $10.05

GROSS INCOME $26,520 $10.05

EXPENSE SUMMARY PER SF

Taxes $7,411 $2.81HOA Dues $600 $0.23Septic $931 $0.35Insurance $1,184 $0.45Heating Fuel $4,118 $1.56Repair/Maintenance $1,405 $0.53

GROSS EXPENSES $15,649 $5.93

NET OPERATING INCOME $10,870 $4.12

DLP | 12


UNITNUMBER

UNITBED

UNITBATH

LEASEEND

CURRENTRENT

1 2 1 3/31/2021 $725

2 2 1 2/28/2022 $785

3 2 1

4 2 1 6/30/2021 $700

$2,210

R E N T R O L L4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

DLP | 13


D E M O G R A P H I C S R E P O R T4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

1 MILE 5 MILES 10 MILES

Total households 353 6,651 31,380

Total persons per hh 2.8 3.0 2.9

Average hh income $67,349 $67,912 $69,120

Average house value $217,911 $242,698

1 MILE 5 MILES 10 MILES

Total population 1,003 19,846 89,798

Median age 38.8 37.3 37.2

Median age (male) 37.0 33.8 35.4

Median age (female) 42.1 40.3 38.9

* Demographic data derived from 2010 US Census

DLP | 14


* Demographic data derived from 2010 US Census

1 Mile 5 Miles 10 Miles

Total Population 1,003 19,846 89,798

Population Density 319 253 286

Median Age 38.8 37.3 37.2

Median Age (Male) 37.0 33.8 35.4

Median Age (Female) 42.1 40.3 38.9

Total Households 353 6,651 31,380

# of Persons Per HH 2.8 3.0 2.9

Average HH Income $67,349 $67,912 $69,120

Average House Value $217,911 $242,698

D E M O G R A P H I C S M A P4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

95 Highland Ave, STE 300 Bethlehem, PA 18017

D. 570.460.3985O. 484.403.0185

[email protected]

BRUCE EATON Commercial Manager & Investment Advisor

Professional BackgroundBruce started in commercial real state and investment property services in 2009. He works with clients to understand their needs and desires and works diligently to achieve their real estate investment goals. He works with both buyers and sellers; additionally Bruce represents landlords and tenants for lease space.

He has sold over $5M in real estate and provided representation in 23 leases in the past 12 months.

As an active buyer of investment property, Bruce understands the challenges to successfully acquiring and managing a profitable portfolio.

He lives in Eastern Pennsylvania with his wife.

DLP | 15


B R U C E E A T O N B I O & C O N T A C T4 5 8 + 4 6 1 H A N N A N L A N E , E A S T S T R O U D S B U R G , P A 1 8 3 0 2

pocono investment: 2 duplex portfolio · multifamily property for sale dlp • 95 highland avenue,...

Documents