306 Merwinsburg Rd, Effort, PA 18330

$1,999,999

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List Price
$1,999,999
Price Change
▼ $200,001 1782771864
MLS#
PM-138594
Acres
21.16
Year Built
1902

Property Description

15-Unit Income Property | Expansion Potential | Former Motel Conversion Opportunity Rare opportunity to acquire a 15-unit income-producing property formerly known as Harvest Moon, offering exceptional upside and flexible future use. Originally built and operated as a motel, this unique property presents the ability to continue long-term rentals, convert to short-term rentals, or reposition as a boutique motel or mixed-use hospitality asset, subject to zoning and approvals. Currently operating with long-term tenants in place, providing immediate income with room for rent growth. Approximately 75% of the units have been recently remodeled, while the largest building remains ready for renovation, offering substantial potential to increase unit count and overall cash flow. The property features beautifully manicured grounds surrounding a serene, beautiful pond, creating a peaceful setting that enhances guest and tenant appeal. Plenty of parking for all units. Centrally located in the heart of the Poconos, with convenient access to Lake Harmony, Big Boulder, Jack Frost, Camelback, Kalahari, Great Wolf Lodge, Aquatopia, Pocono Raceway, Pocono Premium Outlets, Mount Airy Casino, and Beltzville Lake, making it ideal for both long-term and short-term demand. Zoning General Commercial (GC) uses. Zoning use table is available in the Documents section or contact the listing agent for the full PDF and permitted use details. First time offered for sale. A rare asset with multiple paths to value creation, perfect for investors, developers, or hospitality operators seeking a flexible, scalable opportunity in a high-demand Pocono location. Showings by appointment only. Proof of Funds or Mortgage Pre-Approval required prior to scheduling showing. Initial showing will include four representative units showcasing the variety of layouts: cabin, traditional apartment, studio, and a vacant home ready for conversion. Review or Call today to discuss details and schedule a private showing!

Additional Information

Taxes
$19,486
Roof
Asphalt, Fiberglass, Shingle
Basement
Exterior Entry, Unfinished, Walkout
Garage Spaces
2
Lot Size
921,729
Cooling
None
Heating
Baseboard, Electric
Water
Well

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Calculator source: Real Geeks

Listing provided by Keller Williams Real Estate - Stroudsburg 637 Main

The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied.