Student Housing/Multi-Family Portfolio

Multiple Addresses,
East Stroudsburg, PA 18301

 

10.27
GRM
 
 
30
Number of Units
 
 
43,316
Total Building SF
 
 
10.27
GRM
 
 
30
Number of Units
 
 
43,316
Total Building SF
 
 

Rare Opportunity

  • Unique opportunity to acquire a 30-unit package of multi-family and single family properties primarily leased to students of East Stroudsburg University.
  • Experienced, hands-on seller has acquired these properties over many years, handling management and maintenance in-house.
  • Most properties have received new roofs, vinyl siding and replacement windows during ownership. Units are refurbished between tenants and any maintenance issues addressed in a timely fashion.

Leases

  • Student leases run June 1st through May 15th of the following year. Non-student leases are annual.

East Stroudsburg University

  • Located in the Pocono Mountains of Pennsylvania 45 miles from Scranton/Wilkes-Barre 70 miles from New York City 90 miles from Philadelphia One of 14 institutions in the Pennsylvania State System of Higher Education Offering 58 undergraduate programs, 21 master's programs and 2 doctoral programs Student enrollment approximately 6,000 On campus housing offered approximately 3,000 beds

Property Locations

  • All units are located less than two miles from campus Some within walking distance Most properties are located within close proximity to one another
FOR MORE DETAILS CONTACT
Brian Coyne
Associate Broker
(570) 350-3106
bcoyne@sercommercial.com
AB068391