🔥 The Wildest Income Property in the Poconos—10 Units + STR Gold

Pleasant Ridge Farms — A 10-Unit Cash Flow Engine on 27 Acres

$2,495,000 — Cresco, PA
26 beds • 28 baths • 12,962 sq ft • 9 Homes + Duplex + Barn + 27 Acres (23.6 Commercial)

🌄 THE HEADLINE

A true one-of-one: 10 residential units, a 10,000 sq. ft. barn, three STR-capable homes (one already operating), and nearly 27 acres zoned Commercial/Hotel/Resort (CRH)—the rare zoning class that allows your vision to actually become reality.

Whether you want turn-key income, STR expansion, a wellness retreat, or a full hospitality buildout… this property is already halfway there.

🏔 PROPERTY OVERVIEW (UPDATED)

Set on 27 acres and backed by 122 acres of the Buck Hill Preserves—with an additional 300 acres of state gamelands just across the road—this property offers unmatched privacy and a true retreat-like setting.

Zoned Commercial/Hotel/Resort, the possibilities are wide open to transform this into an exceptional short-term rental destination, wellness retreat, or hospitality venture.

The main barn spans nearly 10,000 sq. ft., providing a substantial footprint for event space, lodging conversions, or creative redevelopment… your imagination is the only constraint.

The property also includes 10 rental units, all currently on month-to-month leases, offering built-in income and flexibility for future plans.

One of the cottages—a charming 1-bedroom—is already operating as a successful Airbnb, earning $30,000 annually, showcasing the property’s STR potential.

Endless acreage, commercial zoning, existing income, and a rare level of privacy make this a standout investment opportunity.

Located minutes from fine dining, ski resorts, major water parks, and a casino, the property delivers both seclusion and access to top regional attractions—perfect for guests seeking a private retreat with nearby amenities.

💸 INCOME SUMMARY

Current Annual Income: ≈ $280,000

Across:

• 9 long-term homes + 1 duplex (10 units total)

• Equestrian operation

• Existing cottage STR ($30k/yr)

All leases are month-to-month, giving the buyer total control over repositioning, rent increases, STR conversion, or redevelopment.

Projected Revenue Potential: $400,000–$600,000+

With:

• 1 existing STR producing $30k/yr

• 2 STR-ready homes available day of closing (previous owner-occupied)

  • Together, those two homes can generate ≈$80k/yr each → $160k combined

• Opportunity to STR additional cottages

• Ability to convert the 10,000 sq. ft. barn into:

  • Event venue

  • Boutique lodging

  • Spa or wellness center

  • Farm-to-table or culinary concept

  • Retreat / corporate stay spaces

• Potential for glamping, cabins, or new hospitality structures under CRH zoning

• Option to lease out the equestrian business for $6,000/month ($72k/yr)

This is one of the rare properties where current income already carries expenses, and upside can be unlocked immediately and dramatically.

🏡 STR STATUS

✔ Existing STR: 1

• A 1-bedroom cottage doing $30,000/year on Airbnb

• Proves demand, pricing power, and occupancy strength

✔ STR-Ready Immediately at Closing: 2

• The main home

• The guest home
  Each can earn ≈ $80,000/year, unlocking $160,000 in fresh, immediate STR income on day one.

Three STRs in place by closing = a powerful revenue anchor.

🗺 THE LAND & LOCATION

• 27 total acres

• 23.6 acres zoned CRH (Commercial/Resort/Hotel)

• Backs 122 acres of preserve + 300 acres of protected gameland views

• 11 acres of fenced pastures

• Zero neighbors, zero noise pollution, zero development risk

• Minutes to:

  • Ski resorts

  • Water parks

  • Casino

  • Fine dining

  • Hiking, lakes, and major Poconos attractions

Perfect for guests seeking nature + amenities.

🎯 THE PLAY

A ready-made, income-producing canvas for:

• STR resort buildout

• Wellness retreat or spa destination

• Wedding + events venue

• Corporate retreat campus

• Luxury glamping operation

• Hospitality-focused redevelopment of the barn

This is hospitality development without the zoning battles, without the neighbors, and without the guesswork.

📞 CONTACT THE AGENT

For financials, tours, STR projections, or development conversations:

Teresa Staiano
📧 [email protected]
📱 917.596.5538