304 Drinker Tpke, Covington Township, PA 18424
- $549,900
- 5
- BD
- 7
- BA
- 6,610
- SqFt
- List Price
- $549,900
- Price Change
- ▼ $24,600 1782953434
- MLS#
- 774816
- Status
- ACTIVE
- City
- Covington Township
- Area
- 575 - Covington Township
- County
- Lackawanna
- Neighborhood
- Not In Development
- Bedrooms
- 5
- Bathrooms
- 7
- Living Area
- 6,610
- Lot Size
- 88,252
- Year Built
- 1987
Property Description
Exceptional mixed-use investment opportunity in the heart of the Poconos! This versatile income-producing property offers five potential revenue streams, including four residential units and approximately 3,000 square feet of commercial space, making it an excellent value-add opportunity for investors or owner-occupants. The property features one 3-bedroom apartment, two 1-bedroom apartments, a separate 1-bedroom cottage, and a spacious commercial space previously operated as a daycare. Whether your vision includes professional offices, retail, daycare, service business, or another approved commercial use, the flexible layout provides numerous possibilities. With multiple residential units already established and additional leasing opportunities available, investors have the ability to significantly increase cash flow by stabilizing the property. The separate cottage also provides an ideal option for an owner-occupant to live on-site while generating rental income from the remaining units. Strategically located on Route 435 with excellent visibility and just minutes from Kalahari Resort, Gouldsboro State Park, and Interstates 380, 84, and 81, this property benefits from strong year-round demand generated by the area's tourism, recreation, and local workforce. Whether you're looking to expand your investment portfolio, create multiple income streams, or capitalize on a property with tremendous upside potential, this unique mixed-use opportunity offers the flexibility and long-term value that investors are seeking. Schedule your private tour today and explore the possibilities.
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Additional Information
- Acres
- 2.03
- Appliances
- Dishwasher, Microwave, Oil Water Heater, Refrigerator
- Basement
- Full
- Cooling
- Central Air, Ceiling Fan(s), Window/Wall
- Interior Features
- Attic, Separate Dining Room, Eat-In Kitchen, Storage
- Living Area
- 6,610
- Lot Size
- 88,252
- Region
- 575 - Covington Township
- School District
- North Pocono
- Sewer
- Public Sewer, Septic Tank
- Stories
- 2
- Style
- Other
- Taxes
- $8,848
- Zoning
- Commercial
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Listing courtesy of Keller Williams Allentown.
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