Gettysburg, PA 17325,1338 CHAMBERSBURG RD
Gettysburg, PA 17325,1338 CHAMBERSBURG RD
Gettysburg, PA 17325,1338 CHAMBERSBURG RD
Gettysburg, PA 17325,1338 CHAMBERSBURG RD
Gettysburg, PA 17325,1338 CHAMBERSBURG RD
Gettysburg, PA 17325,1338 CHAMBERSBURG RD
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$1,426,000

$1,550,000

8.0%
Est.Price: ?

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Est. payment /mo

8,615 SqFt


SOLD DATE : 11/30/2022

Key Details

Sold Price $1,426,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,615 sqft

Price per Sqft $165

MLS Listing ID PAAD2006870

Sold Date 11/30/22

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $5,782

Tax Year 2022

Lot Size 0.860 Acres

Acres 0.86

Property Description

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).

Location

State PA

County Adams

Area Cumberland Twp (14309)

Zoning MIXED-USE

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Wall Unit, Ceiling Fan(s)

Heat Source Electric

Exterior

Garage Spaces 10.0

Utilities Available Sewer Available

Waterfront N

Water Access N

Roof Type Shingle

Accessibility None

Parking Type Parking Lot, Private Garage

Total Parking Spaces 10

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Well

New Construction N

Schools

School District Gettysburg Area

Others

Tax ID 09E12-0082A--000

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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Bright MLS (BMLS)
Listed by ANDREW WOLFE • Wolfe & Company REALTORS
Bought with Alycia N Hays • RE/MAX of Gettysburg
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