High Cap Rate- This 4 unit property has (3) apartments. Break down is one three bedroom apartment and 2 (two bedroom) apartments. In addition, the commercial garage has water/sewer/electric(separate meter) plus office. The garage is 2400 sq feet plus additional storage units.
All units plus the the garage brings in $3500.00 per month. Owner pays taxes only! All units have been renovated and each unit has 2 zone carrier hvac (heat and air) The building exterior was also renovated to include, sealing brick, painting, new windows and newer roof. All electric has been upgraded. This is a "true" turn key investment. All leases were just renewed and their is a waiting list! There is off street parking and additional land to build another multi unit if needed. Where can you make 8% to 9% and know the heavy lifting is already done?
Sold for $200,000 on 09/21/23
$200,000
161 E North St, Carlisle, PA 17013
3beds
2,400sqft
MultiFamily
Built in 1870
-- sqft lot
$216,600 Zestimate®
$83/sqft
$1,740 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 3
- Parking features: Off-street
Features
- Exterior features: Brick
- Has view: Yes
- View description: City
Lot
- Size: 3,049 sqft
Details
- Parcel number: 02210318027
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1870
Community & neighborhood
Location
- Region: Carlisle