Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
N/A
Investment opportunity features a (4) property portfolio within a 3-mile radius in Gettysburg, Pennsylvania. Offering includes 16 apartment units, (1) commercial unit, and (2) garages. Portfolio price is $91,176 per unit. Apartment unit mix is (15) two-bedroom apartments and (1) one-bedroom apartment. Commercial unit leased to a local salon. All properties include off-street parking. Apartment leases are short-term with long-term tenants allowing flexibility for the new owner. Rents below market. Buildings have been well-maintained. Current owners acquired the properties from 1995-2008 and manage internally. Properties have metered electricity. There is (1) apartment vacancy which will be kept vacant for new owner to lease at market rate. Strong historical occupancy levels. The Chambersburg Road property includes coin-operated laundry. Current annual rent $142,980. Projected annual rent at market rates is $181,200. Proforma NOI $115,913 reflecting 7.48% Cap Rate. Offering Memorandum available upon request and included in associated documents. Property Overview: 1338 Chambersburg Rd, Cumberland Twp (8 Apartments,5 Storage Closets & Garage). 358 York St, Gettysburg Borough (1 Commercial Unit & 2 Apartments). 503 York Street, Gettysburg Borough (2 Apartments & Garage). 141 W. High Street, Gettysburg Borough (4 Apartments).
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.86
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
Financial
-
Sales Price
$1,550,000
-
Tax Amount
5782.0
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Location
County
ADAMS
Elementary School
Middle School
High School
Listing Courtesy of ANDREW WOLFE , Wolfe & Company REALTORS
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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