$280,000
$300,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
2,766 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $101
MLS Listing ID PACB2026988
Sold Date 01/31/24
Style Dwelling with Rental
Abv Grd Liv Area 2,766
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,528
Tax Year 2023
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Welcome to this meticulously maintained and updated 3-unit apartment house, offering a blend of modern convenience and classic charm. The property has undergone significant improvements, making it an excellent investment opportunity. Here are the key features:
**Well-Maintained Infrastructure:**
- Roof: Only 6 years old, providing years of worry-free living.
- Boiler: Recently updated 11 years ago, ensuring efficient heating for all units.
- Water Heater: Newly installed just 3 years ago for reliable hot water supply.
**Separate Electrical Panels:**
- Each unit is equipped with its own electrical panel, offering convenience and control for residents.
- Additionally, the building has a dedicated electrical panel, simplifying maintenance and management.
**Spacious Living Spaces:**
- Upstairs Apartment: Boasting 2 generously sized bedrooms and 1 bath, providing ample living space.
- First Floor Apartments: Two 1-bedroom, 1-bath units, perfect for cozy and comfortable living.
- Outdoor Decks: Both the first and second-floor apartments enjoy the luxury of outdoor decks, creating a perfect space for relaxation and entertainment.
**Revenue Increase:**
- Recent rent adjustments have significantly increased annual revenue from $24,840 to $37,920.
- Monthly rents have risen from $2,070 to $3,160, reflecting the property's value and potential for income growth.
**Unit Upgrades:**
- Third Unit Remodel: Completely renovated for a fresh and modern look, attracting a new tenant at $1,155 per month.
- Deck Repairs: Outdoor deck repairs enhance the overall aesthetic and functionality.
- Unit 2 Improvements: A new bathroom has been installed, providing modern amenities and increasing tenant satisfaction.
**Overall Investment Opportunity:**
This property presents a prime investment opportunity with a strong rental history, updated infrastructure, and increased revenue potential. Whether you are a seasoned investor or a first-time buyer, this well-appointed 3-unit apartment house promises both immediate returns and long-term value. Don't miss the chance to own a property that combines comfort, convenience, and financial growth.
Location
State PA
County Cumberland
Area East Pennsboro Twp (14409)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Off Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Dwelling with Rental
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools East Pennsboro Area Shs
School District East Pennsboro Area
Others
Tax ID 09-14-0832-180
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA, Conventional
Listing Terms Cash, FHA, Conventional
Financing Cash,FHA,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Marybeth McCoy • Howard Hanna Company-Carlisle
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”