Bought! Arrowhead Lakes Vacation Investment Property With Instant Income
A family from Lansdale closed on their new vacation home on Friday - a lovely little contemporary, fully
furnished & equipped, and only a block from the Minisink Pool and Tennis Complex. The house is in great condition, is very clean and boasts three generous bedrooms, two full bathrooms and the obligatory Pocono screened porch. We were able to negotiate a very fair price for the home at 8 Moshannon Drive, $162,000.
These folks contacted me late last year as a result of them reading the Poconos Real Estate Blog, and we have worked to find them just the right place. We began by looking at several different communities within reasonable distance from the Northeast Extension of the Turnpike, as that is the route they take to the Poconos. We visited Towamensing Trails, Indian Mountain Lakes, Locust Lake Village and other amenity-rich communities. After evaluating their options they settled on Arrowhead Lakes because of the fact that it is a gated community, and because it has three pools. This appealed to them because they figured the pools would be less crowded.
The greatest thing about this buy for them is, in my opinion anyway, that the property came with a tenant for the summer, so there is instant cash flow of a few thousand dollars! According to the listing agent, the previous owner had rented the property so often that after awhile he had to purchase ANOTHER property in order to have something available for his own personal use once in a while. Lucky for my Lansdale buyers, the seller decided now was the time to liquidate an asset!
Arrowhead does quite a brisk business in the short-term, vacation rental department. My source tells me that this past Saturday, which as the last Saturday in June officially kicks off 'the season', there were 86 groups checking in to their rented homes in the community. The community is becoming very well known to summer tourists from the Philadelphia and New York areas as an affordable alternative to destinations reached by air.
To begin your search for the perfect second home or vacation investment property in Arrowhead Lakes or in other communities in the Poconos, email me at info@lisasanderson.com, or call me at 888.794.5589 x103.








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