Five Property Rental Arbitrage Deal

[Merritt Harris]

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.