Renovated Residential Income
For Sale
$170,000
105 View Ct Unit 202, Mount Pocono, PA 18344
Condo association maintains the grounds and exterior, with in-unit laundry and central air conditioning.
Property Size1,100 SF
Price / SF$154.55
Days on Market27
Property Features for 105 View Ct Unit 202
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Average Monthly Rent
$1,650
Amenities
washer and dryer
heat pump
central AC
Building Details
Year Built
1991
Listing Agency:
Investment Real Estate of the Poconos
Listed By:
Jeremiah Noll · License #RM425840
(570) 972-9588
Source:
Poconohomessearch
Added: Aug 24
Changed: Sep 18
Last Checked: Sep 19 at 9:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Investment Real Estate of the Poconos
Investment Insights
Based on property information with market context.
This renovated residential condominium offers 1,100 square feet with three bedrooms and two full bathrooms. One bedroom includes an en suite bath, while all three bedrooms have walk-in closets. The unit also features a heat pump, central AC, and an in-unit washer and dryer. The condominium association handles exterior and grounds maintenance, including snow removal and lawn care. The property was built in 1991 and is professionally managed.
Located at 105 View Ct Unit 202 in Mount Pocono, the condominium is near bus lines, shopping, grocery stores, fitness facilities, hair services, and employment centers. Public water and sewer serve the property.
Located at 105 View Ct Unit 202 in Mount Pocono, the condominium is near bus lines, shopping, grocery stores, fitness facilities, hair services, and employment centers. Public water and sewer serve the property.
Key Highlights
- 1,100‑square‑foot condominium with 3 bedrooms and 2 full baths
- One bedroom includes an en suite bathroom; all bedrooms have walk‑in closets
- Renovated unit with heat pump and central AC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,160
$197.2K
Cap Rate 7%
$140,829
$140.8K
Cap Rate 9%
$109,533
$109.5K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.6K $16.92/SF
− Vacancy
−$689 −$0.63/SF
EGI
$17.9K $16.29/SF
− OpEx
−$8.1K −$7.33/SF
NOI
$9.9K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,160
Cap Rate 7%
$140,829
Cap Rate 9%
$109,533
Alternative Uses
Best Use
Apartment 5plus
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.2K
$288.1K – $384.1K
NOI $23,047 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 18344, PA
3,497
Population
1,621
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
448
Density / Sq Mi
$85,215
Median Household Income
$43,715
Median Earnings
$890
Median Rent
$171,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo association maintains the grounds and exterior, with in-unit laundry and central air conditioning.
Where is this residential income property located?
The property is located at 105 View Ct Unit 202 Mount Pocono, PA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1,100‑square‑foot condominium with 3 bedrooms and 2 full baths; One bedroom includes an en suite bathroom; all bedrooms have walk‑in closets; Renovated unit with heat pump and central AC
