148 E Queen St, Chambersburg, PA 17201
- $375,000
- List Price
- $375,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- PAFL2037408
- Lot Size (Acres)
- 0.08
- Year Built
- 1900
- County
- Franklin
- School District
- Chambersburg Area
Property Description
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!
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Additional Information
- Area
- Chambersburg Boro (14502)
- Taxes
- $5544
- School District
- Chambersburg Area
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- None
- Water
- Public
- Sewer
- Private Sewer
- Basement
- Yes
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Listing courtesy of Antietam Realty. Contact: