$450,000
SOLD NOV 15, 2024
-- Bed
-- Bath
3,600 Sq Ft
0.56 Acres

Recently Sold

$125 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • 0.56 Acre Lot
  • Traditional Architecture
  • Porch
  • Monroe Elementary School Rated A-
  • Main Floor Bedroom
  • Eat-In Kitchen

About This Home

As of November 2024

Don't miss this excellent investment opportunity conveniently located in Mechanicsburg and Cumberland Valley Schools! This very well-maintained property features four total rental units. The home contains three rental units, two on the first floor and one on the second floor. The two first floor units are 1 bedroom/1 bath, each with their own private entrance. The second floor unit is 2 bedrooms/1 bath with its own entrance and attic access. At the rear of the property is an additional stand-alone 1 bedroom/1 bath rental unit. For additional income opportunity, there is coin-operated laundry available to the tenants located in the basement which generates approximately $1,000 a year. The property is currently fully leased. Tenants pay electric; owner pays taxes, insurance, water, sewer, trash and gas heat. The three-unit property is heated by natural gas. The detached unit is heated with electric paid by the tenant. Home, detached unit and shed all have newer roofs. Hot water heaters, mini-split systems, and gas furnace (2020) are also newer. Call today to schedule your showing!

Last Agent to Sell the Property

Jeanne DeDay

Berkshire Hathaway HomeServices Homesale Realty License #RS311743

Berkshire Hathaway HomeServices Homesale Realty

Co-Listed By

Joseph DeDay

Berkshire Hathaway HomeServices Homesale Realty License #RS363190

Last Buyer's Agent

Jason Bytof

Keller Williams of Central PA License #RS331808

Keller Williams of Central PA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,821

Year Built

  • Built in 1940

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 85x286
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in excellent condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Architectural Shingle Roof
  • Asphalt Roof
  • Stick Built Home

Interior Spaces

  • 3,600 Sq Ft Home
  • Combination Kitchen and Dining Room

Kitchen

  • Eat-In Kitchen
  • Built-In Range

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rear Basement Entry

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces
  • Paved Parking

Outdoor Features

  • Shed
  • Porch

Schools

  • Cumberland Valley High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water, gas, heat
  • Tax Lot 1
  • Assessor Parcel Number 22-24-0783-024

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $1,296
  • Maintenance Expense $1,860
  • Other Expense $2,820
  • Operating Expense $6,912
  • Net Operating Income $24,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,821

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Coin operated washer and dryer in lower level, refrigerator and range in each apartment
  • New Construction: No
  • Other Expense: 2820.00
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Don't miss this excellent investment opportunity conveniently located in Mechanicsburg and Cumberland Valley Schools! This very well-maintained property features four total rental units. The home contains three rental units, two on the first floor and one on the second floor. The two first floor units are 1 bedroom/1 bath, each with their own private entrance. The second floor unit is 2 bedrooms/1 bath with its own entrance and attic access. At the rear of the property is an additional stand-alone 1 bedroom/1 bath rental unit. For additional income opportunity, there is coin-operated laundry available to the tenants located in the basement which generates approximately $1,000 a year. The property is currently fully leased. Tenants pay electric; owner pays taxes, insurance, water, sewer, trash and gas heat. The three-unit property is heated by natural gas. The detached unit is heated with electric paid by the tenant. Home, detached unit and shed all have newer roofs. Hot water heaters, mini-split systems, and gas furnace (2020) are also newer. Call today to schedule your showing!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Range, Refrigerator, Washer, Dryer
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Bathroom - Tub Shower, Carpet, Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Room Count: 16
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Rear Entrance, Unfinished, Poured Concrete
  • Total Sq Ft: 3600
  • Living Area Sq Ft: 3600
  • Price Per Sq Ft: 122.22
  • Above Grade Finished Sq Ft: 3600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 921

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick, Stick Built
  • Exterior Features: Sidewalks
  • Road Surface Type: Paved
  • Roof: Asphalt, Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Multi Units
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: CUMBERLAND VALLEY
  • High School: CUMBERLAND VALLEY
  • High School Source: Listing Agent
  • School District Key: 300200396442
  • School District Source: Listing Agent
  • High School: CUMBERLAND VALLEY

Lot Info

  • Land Use Code: 211-Apartments Garden 3 story and under
  • Lot Features: Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.56
  • Lot Dimensions: 85x286
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24394.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: R1
  • Zoning Description: Suburban Residential

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Common Area Maintenance, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Gas, Heat
  • Rent Control: No
  • Total Actual Rent: 37200.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 2228.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2821.00
  • Assessor Parcel Number: 22-24-0783-024
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/15/2024

Multi Family

  • Gross Income: 37200.00
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 6912.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: CUMBERLAND VALLEY

Map

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
11/15/2024 11/15/24 Sold $450,000 +2.3% $125 / Sq Ft
11/02/2024 11/02/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $440,000 -- $122 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PACB2036494

Bright MLS