$250,000
$275,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
1,500 SqFt
SOLD DATE : 12/20/2023
Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $166
Subdivision Hanover Boro
MLS Listing ID PAYK2048840
Sold Date 12/20/23
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $3,223
Tax Year 2022
Lot Size 3,001 Sqft
Acres 0.07
Property Description
Incredible Investment Opportunity in Hanover, PA!
6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%!
Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns.
While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time.
Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically.
Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.
Location
State PA
County York
Area Hanover Boro (15267)
Zoning ROOMING HOUSE
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Parking Lot
Total Parking Spaces 10
Garage N
Building
Foundation Stone, Permanent
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hanover Public
Others
Tax ID 67-000-18-0145-A0-00000
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional, Bank Portfolio
Listing Terms Cash, Conventional, Bank Portfolio
Financing Cash,Conventional,Bank Portfolio
Special Listing Condition Standard
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Bought with Bradley J Bygall • Lime House
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "