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87 Milanville Rd 7 Room Hotel Beach Lake, PA 18405 $1,105,329 CAD ($157,904 CAD/Room) 11.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Owner Finance financing Option
- Opportunity to choose to do a long term tenancy or operate as a hotel
- Cash flowing property with room for growth
EXECUTIVE SUMMARY
7 room boutique hotel for sale including 6 standard rooms and one 3 beds, 1 bath suite. Historic bar/restaurant on site with liquor license on 1st floor, which you can continue operations as a turnkey bar/restaurant with a full kitchen, wedding venue, etc. or change the usage to whatever your heart desires. Very close proximity to Bethel Woods, Big Bear Ski Lodge, the Delaware river, and other attractions in the Poconos making it attractive for year-round tourism. No zoning in Berlin Township makes that the large lot size suggests room for further unrestricted development of the grounds. Each of the furnished rooms are fully occupied on a month-to-month basis without leases in place paying $1,000 per month. Owner occupies the 3-bed suite but can be rented for $1,400. Operating costs are roughly 15k per year (taxes are 7850, sewer 3k, insurance 2k). Brand new propane Furnace with 2 new electric water heaters. The property could also be used as a great short-term rental. Located just five minutes from New York State and two-and-a-half-hours from New York City, NJ, and Philadelphia. Owner will be open to a short-term owner financing with minimum 375k down at a desirable 5% interest rate with balloon payment at end of term. Capitalize on the region's housing shortage and tourism draw the Poconos brings and this could be a cash cow to add to your portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$121,047
|
$17.75
|
| Other Income |
$27,668
|
$4.06
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,714
|
$21.80
|
| Taxes |
$10,860
|
$1.59
|
| Operating Expenses |
$6,917
|
$1.01
|
| Total Expenses |
$17,777
|
$2.61
|
| Net Operating Income |
$130,938
|
$19.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $121,047 |
| Annual Per SF | $17.75 |
| Other Income (CAD) | |
|---|---|
| Annual | $27,668 |
| Annual Per SF | $4.06 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $148,714 |
| Annual Per SF | $21.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,860 |
| Annual Per SF | $1.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,917 |
| Annual Per SF | $1.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,777 |
| Annual Per SF | $2.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,938 |
| Annual Per SF | $19.20 |
PROPERTY FACTS
| Price | $1,105,329 CAD | Lot Size | 0.52 AC |
| Price Per Room | $157,904 CAD | Building Size | 6,821 SF |
| Sale Type | Investment | No. Rooms | 7 |
| Cap Rate | 11.85% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1830 |
| Property Subtype | Hotel | Parking Ratio | 3.17/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Commercial - RETAIL TRADE-EATING &DRINKING (SERVICE) & APT | ||
| Price | $1,105,329 CAD |
| Price Per Room | $157,904 CAD |
| Sale Type | Investment |
| Cap Rate | 11.85% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 6,821 SF |
| No. Rooms | 7 |
| No. Stories | 3 |
| Year Built | 1830 |
| Parking Ratio | 3.17/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - RETAIL TRADE-EATING &DRINKING (SERVICE) & APT |
AMENITIES
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $247.63 CAD | - |
| Guest Room | 6 | $192.29 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 000115 | Total Assessment | $653,999 CAD (2025) |
| Land Assessment | $172,142 CAD (2025) | Annual Taxes | $10,860 CAD ($1.59 CAD/SF) |
| Improvements Assessment | $481,857 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
000115
Land Assessment
$172,142 CAD (2025)
Improvements Assessment
$481,857 CAD (2025)
Total Assessment
$653,999 CAD (2025)
Annual Taxes
$10,860 CAD ($1.59 CAD/SF)
Tax Year
2024
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87 Milanville Rd
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