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Key Details
Sold Price $355,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $94
MLS Listing ID PAFL2020478
Sold Date 08/14/24
Originating Board BRIGHT
Year Built 1956
Annual Tax Amount $4,989
Tax Year 2022
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Calling all investors! Three story, fully occupied, six unit apartment building, located in the heart of Chambersburg! Each unit is comprised of one bedroom, kitchen, living room and full bath. All utilities are separately metered and tenants pay all. There are 6 deeded off street parking spaces, that convey. Windows have been replaced. Rents are currently under market value. The annual income is currently about $42k. This property is being sold at a 9% cap rate. Overall this apartment building represents a solid investment opportunity, with a fully occupied status, separate metered utilities and 6 deeded off street parking spaces. Don't miss out on this one! Square footage is estimated.
Location
State PA
County Franklin
Area Chambersburg Boro (14502)
Zoning CC
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
Roof Type Other
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 6
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Chambersburg Area
Others
Tax ID 05-1E-1-57
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with MICHAEL BRADDOCK • Keller Williams of Central PA
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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