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.
Beach Lake is located in Pennsylvania. Beach Lake, Pennsylvania has a population of 2,493. Beach Lake is more family-centric than the surrounding county with 29.43% of the households containing married families with children. The county average for households married with children is 21.99%.
The median household income in Beach Lake, Pennsylvania is $61,196. The median household income for the surrounding county is $56,744 compared to the national median of $69,021. The median age of people living in Beach Lake is 49.5 years.
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 12.8 degrees. The average rainfall is approximately 42.3 inches per year, with 52.3 inches of snow per year.
