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128-134 Baltimore Street

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Address: 128 Baltimore St, Hanover, PA 17331, USA

New York & Tri-State + Apartment Buildings

Created date: July 17, 2024

Date last updated: October 30, 2024

Well Maintained property with one owner for last 22 years
Excellent Cash flow with true 8.4% CAP
100% Leased Property
Strong upside in rents
Highly visible location make units easy to rent
Seller open to seller second mortgage for qualified buyer

Property Description

Located along the main corridor in Hanover, PA, this mixed-use property has been extremely well maintained. The property has had one owner for the last 22 years, who has taken great care with updates & improvements. Currently fully leased, this property generates a strong cash flow, with solid upside potential. Rents are lower with long-time tenants on month-to-month leases, making it easy for a new owner to increase the cash flow on day one. The property is comprised of 7 apartments, 3 commercial spaces, and 7 storage/shop spaces. Most apartment tenants have been in place for many years. The commercial spaces are leased by a salon, a bakery, and a church. There are 7 parking spaces on the property, with substantial street parking and a borough lot located only 1 block north of the property.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,225,000
No. of Units:	17
Lot Size:	0.46 Sq ft
Opportunity Zone:	No
Price per unit:	$72,059
Property Website	Click Here