$374,900
$374,900
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4,848 SqFt
SOLD DATE : 11/03/2023
Key Details
Sold Price $374,900
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,848 sqft
Price per Sqft $77
MLS Listing ID PAFL2015966
Sold Date 11/03/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,711
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Property Description
Don't miss out on a great investment opportunity in Downtown Chambersburg! This property is located just one block away from the Square of Chambersburg and is just a few hundred yards away from the new Amphitheater being built. The building has 5 apartments and a small laundromat for the tenants. There are 2 two-bedroom units, 2 one-bedroom unit and an efficiency apartment. The building brings in $4,600 a month in income. The building is being sold at an 11% CAP Rate, which is an incredible potential return on investment! The building sits on a large lot giving you plenty of room for potential expansion, especially with the great Distributed Commercial Zoning. Plenty of space for parking and even a private alley that gives you ingress and egress onto the property from route 30! There also is a very nice concrete floor basement that is great for owners storage. This is a great opportunity that you do not want to miss out on! Call me today for a private tour and property financials. Disclosure: Seller is a licensed Pennsylvania real estate salesperson and has a financial interest in the property.
Location
State PA
County Franklin
Area Chambersburg Boro (14502)
Zoning DCH
Interior
Hot Water Electric
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Cable TV, Electric Available, Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 15
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Chambersburg Area
Others
Tax ID 05-1B64.-038.-000000
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 Wesley E Strite • Keller Williams Keystone Realty
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”