155 Pocono Cmns Stroudsburg, PA 18360-8703
R-1 Low Density Residential. The provisions for the R-1 zones are intended to create, preserve and enhance areas composed primarily of single family residences built at low densities on quiet streets, recognizing that in areas zoned R-1 some development has occurred in the past on lots that are somewhat smaller than those of more recently developed single-fa…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Stroudsburg, PAR-1 Low Density Residential. The provisions for the R-1 zones are intended to create, preserve and enhance areas composed primarily of single family residences built at low densities on quiet streets, recognizing that in areas zoned R-1 some development has occurred in the past on lots that are somewhat smaller than those of more recently developed single-family homes. All provisions of this chapter are intended to protect R-1 zones from the intrusion of uses and activities incompatible with the character of single-family areas. It is also the intent that these zones have adequate light and space around the buildings, and be well landscaped, with mature trees and shrubbery, so that they will be continuing assets to the Borough and will promote a stable, healthy, and safe environment. 2. R-2 Medium Density Residential. The provisions for the R-2 zones are similar to those for R-1 except that in R-2 zones single and two family housing is permitted to encourage low and medium density development. It is intended that these zones have adequate light and space around the buildings, and be well landscaped, with mature trees and shrubbery, so that they will be continuing assets to the Borough and will provide a stable, healthy, and safe environment. 3. R-3 High Density Residential. The provisions for the R-3 zones are intended to create, preserve and enhance areas of the Borough that are primarily residential in character but built to higher densities and providing for a diversity of housing types not provided for in the R-1 and R-2 zones. They may be older areas or newly developed or open land where the Borough indicates that it is feasible and desirable to develop certain areas with medium to high concentrations of population yet provide adequate open space. R-3 zones have available adequate public facilities and utilities, streets and transportation systems, and general environmental suitability for higher densities. R-3 zones may contain more diversity of uses including lawful nonconforming uses, and more public and quasi-public uses. In general, R-3 zones are located near the center of the Borough, in older established areas, adjoining existing commercial sub-districts or in the vicinity of Interstate 80 where large buffer areas are needed for adjacent residential development. 4. C-1 General Commercial.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.