NOT LISTED FOR SALE

431 N Hanover St Carlisle, PA 17013

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold November 14, 2018

Last sale price $365,000

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Baseboard Heating
  • No HOA

About This Home

As of November 2018

Great investment opportunity with eight total units. Some units have been recently upgraded. Currently, there are 2 efficiency units, 4 one bedroom, and 2 three bedroom apartments. Although, one of the 3 bedroom units is rented as a 2 bedroom and rent could be increased. Each unit has it's own electric and heat. Gross income as it is currently situated is $56, 436 with approx $42,000 net income annually. However, there is potential for increased rents. Many tenants are long time renters.

Last Agent to Sell the Property

Nicole Pearson

(717) 609-7619 nicolepearson@howardhanna.com Howard Hanna Company-Carlisle License #RS303587 Listed on: 08/31/2018

Howard Hanna Company-Carlisle

Co-Listed By

Christian Boegel

(717) 422-0062 christianboegel@howardhanna.com Iron Valley Real Estate of Central PA License #AB068752

Last Buyer's Agent

Wes Strite

(717) 404-1471 wes@thestritegroup.com Keller Williams Keystone Realty

Keller Williams Keystone Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,049

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in good condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Architectural Shingle Roof
  • Stick Built Home

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking
  • Off-Site Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, sewer, real estate taxes, water
  • Assessor Parcel Number 02-20-1800-004

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 2-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes parking, apartment rentals
  • Insurance Expense $2,755
  • Operating Expense $16,198
  • Net Operating Income $40,238

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,049

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Great investment opportunity with eight total units. Some units have been recently upgraded. Currently, there are 2 efficiency units, 4 one bedroom, and 2 three bedroom apartments. Although, one of the 3 bedroom units is rented as a 2 bedroom and rent could be increased. Each unit has it's own electric and heat. Gross income as it is currently situated is $56, 436 with approx $42,000 net income annually. However, there is potential for increased rents. Many tenants are long time renters.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 431-433

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stick Built
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Site, On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Oil, Electric
  • Heating Type: Forced Air, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 4560.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CARLISLE AREA
  • School District Key: 300200396534
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 187400.00
  • Land Assessed Value: 61000.00
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Good
  • Year Assessed: 2017
  • Zoning: COMMERCIAL
  • Zoning Description: 202 Apartments-residential conversion 4+

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Insurance, Repairs, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 56436.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11134060
  • School Tax: 3595.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5049.00
  • Assessor Parcel Number: 02-20-1800-004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 11/14/2018

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 56436.00
  • Income Includes: Parking, Apartment Rentals
  • Operating Expense: 16198.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7
  • Single Room Units Count: 2
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: CARLISLE AREA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2018 11/14/18 Sold $365,000 -2.7% --
09/25/2018 09/25/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $375,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicole Pearson

    Seller's Agent in 2018

    Nicole Pearson

    Howard Hanna

    (717) 609-7619

    82 in this area

    240 Total Sales

    Nicole Pearson
    Section Image
  • Christian Boegel

    Seller Co-Listing Agent in 2018

    Christian Boegel

    Iron Valley Real Estate of Central PA

    (717) 422-0062

    4 in this area

    16 Total Sales

    Christian Boegel
    Section Image
  • Wes Strite

    Buyer's Agent in 2018

    Wes Strite

    Keller Williams Keystone Realty

    (717) 404-1471

    126 Total Sales

    Wes Strite
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002350440

Bright MLS
Pennsylvania Cumberland County Carlisle 17013

431 N Hanover St, Carlisle, PA

This home is located at 431 N Hanover St, Carlisle, PA 17013 since 31 August 2018. This property was built in 1900. 431 N Hanover St is a home located in Cumberland County with nearby schools including Hamilton Elementary School, Wilson Middle School, and Carlisle Area High School.

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