Five Property Rental Arbitrage Deal
Offering a five rental arbitrage property package in Poconos Pennsylvania. All properties are on target to 2x rents and have upside for the investor willing to add value (amenities, decor refresh, updated photography). Spend the last month improving operations, as I inherited sub par cleaners that impacted reviews significantly.
Property details:
- All of the properties are fully furnished.
- Three of the properties have Hot Tubs.
- All properties centrally located near: Skiing (two are across the street from Big Boulder Ski Resort, which is also near Jack Frost Ski Resort), Near Kalahari and H2OOOOoh Indoor Waterpark and surrounded by hiking, lakes etc
- 4 are part of HOA communities which have amenities for guests such as Lakes, indoor/outdoor pools, arcade game rooms, tennis, basketball
- Windy Pines is right by the Locust Lake beach, guests can walk out the back yard to the beach and picnic area.
- All vendors in place and will transfer.
- All properties already permitted to run as STRs.
Improvements:
We tackled a large maintenance list with the owner to update things when I took over in July. Still on the list are several improvements that are planned for FALL and Spring 2024 (painting, deck staining etc)
Requirements:
Must be close or already operate in the area.
Must have informal POF for deposit and rents etc
Must have STR operating experience.
RENTS:
|
Property |
Monthly rent |
|
3104 W Clover Ct, Long Pond, PA 18334, USA |
$3,000 |
|
25 Lipuma Dr, Lake Harmony, PA 18624, USA |
$2,500 |
|
22 Santana Rd, Lake Harmony, PA 18624, USA |
$2,700 |
|
1426 Windy Pine Rd, Pocono Lake, PA 18347, USA |
$2,900 |
|
235 Warkes Rd, Pocono Lake, PA 18347, USA |
$2,800 |
Links:
Windy Pines: https://www.airbnb.com/h/beachfrontpoconoescape
Warkes: https://airbnb.com/h/secludedstayhottubfirepit
Clover: https://airbnb.com/h/emeraldlakesaframesleeps10
Lipuma: https://airbnb.com/h/poconosescapesleeps10
Santana: https://airbnb.com/h/skiingescapesleeps12
Attachments:
Airdna Data for all five properties.
#2 First Time Home Buyer Contributor
- Lender
- Saddle Brook, NJ
Wow, this is a cool opportunity! I'm not in the area, but hopefully by commenting, someone in the area will be able to check it out!
Best of luck!
Quote from @Ryan Muska:
Wow, this is a cool opportunity! I'm not in the area, but hopefully by commenting, someone in the area will be able to check it out!
Best of luck!
Thank you Ryan!
