PA > Palmyra
Palmyra, PA 17078,347 N RAILROAD ST
Palmyra, PA 17078,347 N RAILROAD ST
Palmyra, PA 17078,347 N RAILROAD ST
Palmyra, PA 17078,347 N RAILROAD ST
Palmyra, PA 17078,347 N RAILROAD ST
Palmyra, PA 17078,347 N RAILROAD ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ryan Sebeck

Ryan Sebeck

+1(443) 244-0155
$ 1,200,000
Est. payment | /mo

7,992 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

7,992 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 7,992 sqft

Price per Sqft $150

MLS Listing ID PALN2016154

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $8,815

Tax Year 2024

Lot Size 0.320 Acres

Acres 0.32

Property Description

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.

Location

State PA

County Lebanon

Area Palmyra Boro (13216)

Zoning COMMERCIAL APARTMENTS

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Flooring Carpet, Laminate Plank, Hardwood

Inclusions all apartment appliances coined commercial washer/dryers materials onsite in basement storage area

Heat Source None

Exterior

Garage Spaces 12.0

Waterfront N

Water Access N

Roof Type Flat,Rubber

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Middle Schools Palmyra Area

High Schools Palmyra Area Senior

School District Palmyra Area

Others

Tax ID 16-2289235-358572-0000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Robert LaGrassa • Signature Property Professionals LLC
agent-avatar

“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(443) 244-0155

ryan@revolhomes.com

980 Mercantile Dr, Hanover, MD, 21076, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

347 N RAILROAD ST