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Key Details
Sold Price $633,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $124
MLS Listing ID PACB2022566
Sold Date 09/29/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,101
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Asset is a seven-unit downtown apartment building having 5,091 square feet on 0.09 acres. The three-story building is of masonry construction and features (6) one-bedroom units and (1) two-bedroom apartment. All units have a full bathroom and electric baseboard heating. Building underwent full renovation in 2021 to include new kitchens, bathrooms, flooring, pluming and electrical upgrades, and more. Gravel parking area with several spaces in the rear. The property is zoned R-4, Town Center Residential in Carlisle Borough and is also located in Carlisle Borough’s Historic District. Monthly rent is $5,975 at full occupancy and gross annual rent is $71,700. NOI $50,000. Tenants pay directly for electricity and heating. Landlord is reimbursed for W/S/T. Property located (2) blocks east of town square and within walking distance of grocery stores (Weis Markets & Giant Foods), restaurants, retailers, schools, and entertainment.
Location
State PA
County Cumberland
Area Carlisle Boro (14402)
Zoning R-4
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 6.0
Utilities Available Cable TV, Natural Gas Available
Waterfront N
Water Access N
Roof Type Rubber,Slate
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 6
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Carlisle Area
School District Carlisle Area
Others
Tax ID 02-21-0318-305
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector,Sprinkler System - Indoor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with HEATHER ANN NEIDLINGER • Berkshire Hathaway HomeServices Homesale Realty
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