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Key Details
Sold Price $375,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $42
MLS Listing ID PACB128244
Sold Date 01/25/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $8,880
Tax Year 2020
Lot Size 0.400 Acres
Acres 0.4
Property Description
Opportunity to purchase a full-occupied 9 unit income-producing property in Mt. Holly Springs! Converted church is now 9 units; 5 one bedroom apartments and 4 two bedroom apartments. Gross annual rent of nearly $60k/year. Most one bedroom apartments have their own balcony and private entry. Common laundry for all occupants. Not only are there 9 fully-occupied units, there is unit 10, a single-family 3bd/1.5 bath property at 238 N Baltimore Ave. The single-family is in need of repair, however with some renovation the gross rents on the combined 10 units may exceed $72k/year. Owner pays for water/sewer/trash/common electric. This is an amazing opportunity that should not be overlooked!
Location
State PA
County Cumberland
Area Mt Holly Springs Boro (14423)
Zoning RESIDENTIAL MULTI-FAMILY
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Lot Description Flood Plain
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Carlisle Area
School District Carlisle Area
Others
Tax ID 23-32-2336-130
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Christopher Foltz • United Real Estate of Central PA
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