Multi-Family•Low-Rise/Garden•For Sale

255 Hawk Lane, Canadensis, Pennsylvania 18325

Sale Price $379,000
Sale Type Investment
Zoning R
Bldg Type Multi-Tenant
Status Existing
Year Built 1935
Cap Rate 12.31%
Vacancy 100%
Annual Taxes $13,248.65
Gross Bldg 6,727 SqFt
Land Area 4.01 Acres
Project Size 8
Net Op Inc $46,641.35
Market Pocono Mountains
KW Commercial, The Daniel Perich Group is offering this multifamily investment for sale in Canadensis. The property consists of 8 cottages on 4 acres with 100% occupancy. Property is serviced by 3 on-site wells and septic systems. Canadensis is a community in Barrett Township, Monroe County and home to a few small shops, restaurants and churches. The crossroads, which is the intersection of Pennsylvania Routes 447 and 390, is the center of the community. Barrett Township is located in the Pocono Mountains, with Callie's Pretzel Factory and Callie's Candy Kitchen being the area's most popular tourist attractions. Antique shops, hiking, horseback riding, fishing, and camping also draw in visitors. The township is home to mainly mom and pop stores. These include Lewis' Supermarket, Mick Motors, Steele's True Value Hardware, Basso Italiana, Kasa's Pizza and a number of antique shops. There is a CVS Pharmacy and Family Dollar located off of Route 390 in the center of town. Weiler Corporation and J.A. Reinhardt Manufacturing are two manufacturing companies and the largest employers in town. Two Poconos resort communities, Buck Hill Falls and Skytop, are located within the township. It is located 38 miles from Scranton and 48 miles from Wilkes-Barre. There is one privately owned, public-use airport in Barrett Township called the Flying Dollar Airport.
10/28/2019 8:54:27 PM 2/13/2020 9:03:24 PM
Daniel Perich
Managing Director
KW Commercial, The Daniel Perich Group
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