PA > Beach Lake
Beach Lake, PA 18405,87 MILANVILLE RD
Beach Lake, PA 18405,87 MILANVILLE RD
Beach Lake, PA 18405,87 MILANVILLE RD
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Alexander Schwartz • RE/MAX Preferred - Cherry Hill
$799,000
Est. payment /mo
0.52 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

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

Special Listing Condition Standard

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Bright MLS (BMLS)
Simone Velvel

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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87 MILANVILLE RD

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