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214 Mercedes Court

East Stroudsburg, PA 18301

4

2

2,096 Sq.Ft.

Single Family Residential

$329,900

Year Built

1990

Price per sq.ft

$157

Do not wait to see this beautifully renovated 4-bedroom, 2-bathroom home in the highly sought-after Penn Estates community, ideally located just moments from Camelback Mountain Resort, Mt. Airy Casino, downtown Stroudsburg, and offering easy access to Route 80. This charming residence, perfect for both family living and Short-Term Rental opportunities, is nestled on a quiet cul-de-sac. The home features a cozy wood-burning fireplace, perfect for those winter nights. The updated kitchen boasts modern stainless-steel appliances, new countertops, and a spacious eating area, ideal for meals or entertaining guests. Step out back to a beautiful deck, perfect for outdoor relaxation. Two great-sized bedrooms and a well-appointed bathroom are conveniently located on the main level. Upstairs you'll find two additional bedrooms, full of natural light, another full bath, and a versatile loft area that can serve as a living space, home office, or play area. The property benefits from public water and public sewer. Exterior of home was recently stained! Property being sold As-is. Don't let this opportunity slip away! Call now to schedule your private tour today!

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

7.49%

Avg. Monthly Income

$3,944

Expenses

N/A

Long-term rental strategy

Cap Rate

5.46%

Avg. Monthly Income

$2,475

Expenses

N/A

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Comparables

property

+ Revenue Estimate

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557 Lakeside Drive

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3

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Occupancy rate

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property

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212 Sandlewood Drive

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3

2096sq.ft

Cap rate

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Occupancy rate

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property

+ Revenue Estimate

$329,900

214 Mercedes Court

Penn Estates

4

2

2096sq.ft

Cap rate

7.49%

Occupancy rate

41.00%

property

+ Revenue Estimate

$419,800

7109 Pine Grove Drive

Penn Estates

5

3

2096sq.ft

Cap rate

9.69%

Occupancy rate

56.00%