106 Middle Spring Ave, Shippensburg, PA 17257

Property Description

WE HAVE DECIDED TO SELL 106 MIDDLE SPRING AVENUE IN SHIPPENSBURG. THIS IS AN UP-DOWN DUPLEX LOCATED JUST 1/4 MILE FROM THE SHIPPENSBURG TOWN CENTER. MORE IMPORTANTLY, THIS RENTAL DUPLEX IS LOCATED ACROSS THE ROAD FROM SHIPPENSBURG UNIVERSITY'S WEST ENTRANCE AND LESS THAN A 5 MINUTE WALK TO OLD MAIN. WE HAVE RENTED THIS HOME EASILY OVER THE YEARS AND HAVE ENJOYED NEAR 100 % TENANCY. THERE IS ALWAYS A GOOD DEMAND FOR 1 AND 2 BEDROOM RENTALS IN SHIPPENSBURG. ESPECIALLY THOSE THAT OFFER OFF STREET PARKING AS THIS ONE DOES, AND THAT ARE WITHIN WALKING DISTANCE TO S.U. CURRENTLY THE HOUSE IS BEING RENTED AS 2-1BR APARTMENTS. IN THE PAST THE UNIT ON THE MAIN FLOOR HAS BEEN UTILIZED AS A 2BR. THERE IS ACCESS TO OFF STREET PARKING OFF OF HOT POINT AVENUE AROUND THE CORNER. THIS HOME IS CURRENTLY RENTED ON MONTH TO MONTH LEASES. THE RENT IS $1385 PER MONTH. THE TENANTS PAY THEIR OWN ELECTRIC. THE OWNER PAYS FOR WATER, SEWER AND TRASH. TAXES ARE RELATIVELY LOW AND INSURANCE HAS BEEN VERY REASONABLE. THIS RENTAL IS MANAGED BY JALEX REAL ESTATE SERVICES . BOTH TENANTS ARE CURRENT IN RENT AND THERE ARE NO LEASE VIOLATIONS. ALL RENTAL LICENSING IS CURRENT AND UP TO DATE. THIS IS AN AFFORDABLE OPTION TO BEGIN YOUR RENTAL INVESTMENT CAREER. IT'S ALSO A GOOD LONG TERM INVESTMENT OPTION FOR INCREASED VALUE OVER TIME BASED ON LOCATION ALONE AND DEBT REDUCTION FROM STEADY OCCUPANCY AND GOOD TENANTS.