Exceptional mixed-use investment opportunity in the heart of the Poconos! This versatile income-producing property offers five potential revenue streams, including four residential units and approximately 3,000 square feet of commercial space, making it an excellent value-add opportunity for investors or owner-occupants.
The property features one 3-bedroom apartment, two 1-bedroom apartments, a separate 1-bedroom cottage, and a spacious commercial space previously operated as a daycare. Whether your vision includes professional offices, retail, daycare, service business, or another approved commercial use, the flexible layout provides numerous possibilities.
With multiple residential units already established and additional leasing opportunities available, investors have the ability to significantly increase cash flow by stabilizing the property. The separate cottage also provides an ideal option for an owner-occupant to live on-site while generating rental income from the remaining units.
Strategically located on Route 435 with excellent visibility and just minutes from Kalahari Resort, Gouldsboro State Park, and Interstates 380, 84, and 81, this property benefits from strong year-round demand generated by the area's tourism, recreation, and local workforce.
Whether you're looking to expand your investment portfolio, create multiple income streams, or capitalize on a property with tremendous upside potential, this unique mixed-use opportunity offers the flexibility and long-term value that investors are seeking. Schedule your private tour today and explore the possibilities.
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Listing Snapshot
Price
$475,000
Days On Site
163 Days
Bedrooms
6
Inside Area (SqFt)
6,610 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.03 Acres
Year Built
1987
MLS® Number
PALW2000802
Status
Pending
Property Tax
$8,396.93
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
3 weeks ago
Status changed to Pending
3 weeks ago
Listing updated with changes from the MLS®
a month ago
Price changed to $475,000
5 months ago
Listing first seen on site
General Features
Acres
2.03
Cross Street
Covington Lake Drive
Foundation
Concrete Perimeter
Parking
Off StreetParking LotDriveway
Property Sub Type
Multi Family
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Above
6610
SqFt Total
6610
Style
Dwelling with RentalUnit/FlatOther
Water Source
Well
Zoning
COMMERCIAL
Interior Features
Appliances
Electric RangeElectric OvenGas Water HeaterDishwasherDryerMicrowaveRefrigeratorWasher
Cooling
Central AirCeiling Fan(s)Window Unit(s)Electric
Fireplace
Yes
Fireplaces
1
Flooring
LaminateCarpetCeramic Tile
Heating
PropaneForced AirBaseboard
Interior
Eat-in KitchenCeiling Fan(s)Walk-In Closet(s)
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Exterior Features
Construction Details
Aluminum SidingStuccoVinyl Siding
Pool Features
None
Community Features
MLS Area
Covington Township (13610)
School District
NORTH POCONO
Schools
School District
NORTH POCONO
Elementary School
NORTH POCONO
Middle School
NORTH POCONO
High School
NORTH POCONO
Listing courtesy of Keller Williams Real Estate - Allentown
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