306 Merwinsburg Rd - Apartments FOR SALE


Effort, PA 18330
$2,200,000 USD
570-242-4400
306 Merwinsburg Rd, Effort, PA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/87
null | Request Cap Rate

306 Merwinsburg Rd
Effort, PA 18330


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

15

PRICE/UNIT

$146,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harvest Moon

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1902

PARKING SPACES

30

LAND DETAILS

LAND ACRES

21.16 AC

LAND SF

921,730 SF

ZONING

-

APN/PARCEL ID

02623900359852

ASK ABOUT THIS PROPERTY

Bob KellyKelly Realty Group of Keller Williams Real EstateMore Info
570-242-4400

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Bob KellyKelly Realty Group of Keller Williams Real EstateMore Info
570-242-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.