REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Sep

Sat

Sep

Sun

Sep

Meghan Brown

meghanmovesyou@gmail.com +1(215) 828-6995

Listed by Alexander Schwartz • RE/MAX Preferred - Cherry Hill

$ 899,000

Est. payment -/mo

Save

New

87 MILANVILLE RD Beach Lake, PA 18405

22,651 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 22,651 sqft

Price per Sqft $39

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

SqFt Source Estimated

Special Listing Condition Standard