Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
N/A
Located along the main corridor in Hanover, PA, this mixed-use property has been extremely well maintained. The property is comprised of 7 apartments, 3 commercial spaces, and 7 storage/shop spaces. The property has had one owner for the last 22 years, who has taken great care with updates & improvements. Currently 100% leased, this property generates a strong cash flow, with solid upside potential. Apartment rents are lower with long-time tenants on month-to-month leases, making it easy for a new owner to increase the cash flow on day one. The commercial spaces are leased by a salon, a bakery, and a church with longer term leases. There are 7 parking spaces on the property, with substantial street parking and a borough lot located only 1 block north of the property. Excellent Cash flow with true 8.4% CAP. See agent for financials.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Brick, Block
-
Parking
On Street, Parking Lot, Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.15
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,225,000
-
Tax Amount
5165.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
YORK
Elementary School
Middle School
High School
Listing Courtesy of Naomi E Brown , Capstone Commercial
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Owner, President, Investment Property Advisor
TheresaKehler
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