Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Private, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.32

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,200,000

  • Tax Amount

    8815.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    PALMYRA AREA

  • High School

    PALMYRA AREA SENIOR

Property Features

  • Sewer

    Public Sewer

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Location

County

LEBANON

Elementary School

Middle School

PALMYRA AREA

High School

PALMYRA AREA SENIOR

Listing Courtesy of Robert LaGrassa

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.


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Don't miss your opportunity to own this turnkey 12 unit apartment building in Palmyra. This property has all new replacement windows, freshly painted common areas,  new hot water heater, paved parking lot, updated roof and 12 one bedroom/one bath units that have all been partially updated inclucing newer alppliances. This property is currently 100% occupied with many seasoned tenants. It includes additional annual income from coin operated laundry in the basement/laundry area. The washer/dryers are less then 5 years old.  This beautiful building is conveniently located near Hershey, 83,  283, and 743. It is also nestled very close to all local shopping amenites, major medical centers, and dining.  Property performs flawllessly on an annual basis with little to no vacancy. Based on curent rent roll and operating expenses, the property is running at about a 7% CAP which you can see in the attached documents. There is also addtional room for future rent increases. Member of LLC that owns property is a PA Licensed Realtor and also is the sole member of the property management company that currently manages the building.

NOTE: 

1. All 12 units are all electric, have their own breaker panels in the unit and are metered separately so tenants are responsible for unit electric per the terms of their lease. 
2. There is a common area electric meter and owner pays for water, sewer, trash and hot water. The building has a new commercial hot water heater.

347 N RAILROAD STREET

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