Five-unit apartment building in downtown Chambersburg at $75,000 per unit. Three 2BR/1BA, one 2BR/1.5BA, one 1BR/1BA. Four units leased at $3,475/month ($41,700/year); trailing 12-month gross income $48,233. Apartment 2 (2BR/1.5BA) is vacant and needs only paint and minor repairs, projecting to $1100/month and bringing scheduled rent to $4,575/month ($54,900/year). Several in-place rents were set years ago and sit below market, adding a second path to higher income at turnover. T12 operating expenses $13,057 before taxes and insurance. One recently replaced gas furnace heats the building; owner pays heat, water, sewer and trash, tenants pay their own electric. Apartment 4 has held the same tenant since 2010. T12 statements, rent roll and leases available on request. Schedule your showing today, you do not want to miss out on this!
| MLS # | PAFL2037408 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 33 |
| Listing Provided By | Antietam Realty | Chase Alexander Bricker |
| Basement | Y |
|---|---|
| Zoning | CC |
| Acreage | 0.08 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
| Construction Materials | Brick |
|---|
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 5544 |
|---|
| State | PA |
|---|---|
| County | FRANKLIN PA |
| City | CHAMBERSBURG |
| Zip Code | 17201 |
| Area | Chambersburg Boro (14502) |
| School District | CHAMBERSBURG AREA |
| Listing VS Median (in 17201) | |
Price: $375,000 low | high Med: $232,400 On site: 33 low | high Med: 71 | |
| State | PA |
|---|---|
| County | FRANKLIN PA |
| City | CHAMBERSBURG |
| Zip Code | 17201 |
| Area | Chambersburg Boro (14502) |
| School District | CHAMBERSBURG AREA |
| Listing VS Median (in 17201) | |
Price: $375,000 low | high Med: $232,400 On site: 33 low | high Med: 71 | |