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.
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0.26ACRES
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01/2 BATHS
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.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-28T19:52:23.12.