123 Main St, Tobyhanna, PA 18466

$3,950,000
42
BA

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List Price
$3,950,000
MLS#
PM-142570
Bathrooms
42
Full-baths
42
Acres
3.72
Year Built
2025

Property Description

Rare Investment Opportunity to Purchase This Portfolio of Fully Occupied New Construction Workforce Housing in Single Neighborhood w Community Amenities. Fourteen brand-new single-family homes in one transaction - all built 2025-2026, all leased, all cash-flowing day one. Located inside A Pocono Country Place, a 4,500-home gated community with 24/7 manned access, 4 pools, 2 lakes, 8 tennis courts, and 3 clubhouses - ideal for tenant retention. The portfolio includes 10 Colonials and 4 Ranches, each 4bd/3ba on a quarter-acre wooded lot with stainless appliances and modern finishes. New construction means zero deferred maintenance; 100% occupancy means no lease-up risk. The expense structure sets this offering apart: tenants pay all utilities, heat, water, lawn, snow, and pest control. Landlord costs are limited to taxes, insurance, and HOA. The result is $356,400 in gross annual rent, $219,496 NOI, and a 5.56% cap at ask. Ranch rents alone trail market by $268/mo. Priced at $282,183 per unit, a 5.3% discount to weighted Zestimate and below the $300,000 comp that closed nearby in May 2026. Owner financing available - call for terms. 85 miles to Midtown Manhattan with daily bus service to NYC. Management in place via DoorLoop and fully assumable. A clean fit for 1031 buyers facing a deadline, BTR operators scaling quickly, or family offices tired of assembling SFRs one at a time. Full OM and financials available under NDA.

Additional Information

Hoa Fee
$25,032
Taxes
$77,252
Style
Ranch, Colonial
Roof
Asphalt, Fiberglass, Shingle
Garage Spaces
4
Lot Size
162,043
Cooling
Electric, Varies By Unit, Window/Wall
Heating
Baseboard, Electric
Water
Public

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Listing provided by Redstone Run Realty, LLC - Stroudsburg

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.