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236 N Baltimore Avenue

MOUNT HOLLY SPRINGS, PA 17065
  • $375,000
  • STATUS: Closed
  • ON SITE: 428 Days
  • ID#: PACB128244
Sold - 01/25/2021
$375,000
SOLD - 01/25/2021
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Information

High School:
School District:

Description

Opportunity to purchase a full-occupied 9 unit income-producing property in Mt. Holly Springs! Converted church is now 9 units; 5 one bedroom apartments and 4 two bedroom apartments. Gross annual rent of nearly $60k/year. Most one bedroom apartments have their own balcony and private entry. Common laundry for all occupants. Not only are there 9 fully-occupied units, there is unit 10, a single-family 3bd/1.5 bath property at 238 N Baltimore Ave. The single-family is in need of repair, however with some renovation the gross rents on the combined 10 units may exceed $72k/year. Owner pays for water/sewer/trash/common electric. This is an amazing opportunity that should not be overlooked!

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©2021 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 The Joy Daniels Real Estate Group. 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: 2021-11-27T11:50:09.417.
www.centralpahomehunter.com/homes/110366902
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236 N Baltimore Avenue MOUNT HOLLY SPRINGS, PA 17065

  • Price: $395,000
  • Status: Closed
  • On Site: 428 Days
  • Updated: 38 min ago
  • ID#: PACB128244
0
Beds
0
Baths
0
½ Baths
0.4
Acres
Neighborhood:
Mt Holly Springs Boro (14423)
County:
Cumberland
Area:
Mt Holly Springs Boro (14423)
High School:
Carlisle Area
School District:
Carlisle Area
Property Description
Opportunity to purchase a full-occupied 9 unit income-producing property in Mt. Holly Springs! Converted church is now 9 units; 5 one bedroom apartments and 4 two bedroom apartments. Gross annual rent of nearly $60k/year. Most one bedroom apartments have their own balcony and private entry. Common laundry for all occupants. Not only are there 9 fully-occupied units, there is unit 10, a single-family 3bd/1.5 bath property at 238 N Baltimore Ave. The single-family is in need of repair, however with some renovation the gross rents on the combined 10 units may exceed $72k/year. Owner pays for water/sewer/trash/common electric. This is an amazing opportunity that should not be overlooked!
Exterior Features

Construction Materials Brick Garage YN No Lot Features Flood Plain Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8800.00 Cooling None Heating Baseboard - Electric Heating YN Yes Net Square Feet 8800.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 17200.00 Assessment Year 2020 Association Expense 0.00 Association YN No Business Type Apartment Building Buyer Financing Conventional Central Air YN No Cooling Fuel None Electric Expense 800.00 Gross Income 60420.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Mt Holly Springs Boro Insurance Expense 6800.00 Lease Considered YN No Maintenance Expense 2900.00 Navigable Water YN N Net Operating Income 43220.00 New Construction YN No Number Of Units Total 10 Operating Expense 12800.00 Operating Expense Includes ElectricInsuranceManagement FeesLandscapingPest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 304314928653 Other Expense 4500.00 Owner Pays InsuranceCommon Area MaintenanceLawn/Shrub CareManagementPest ControlRepairsSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8880.00 Tax Assessment Amount 425000.00 Total Actual Rent 59220.00 Trash Expense 2200.00 Vacation Rental YN No Water Source Public Zoning Residential Multi-Family

Listing courtesy of Harrisburg Property Management Group.


©2021 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 The Joy Daniels Real Estate Group. 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: 2021-11-27T11:50:09.417.
 
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The Joy Daniels Real Estate Group
2793 Old Post Road
Harrisburg PA, 17110