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Investment opportunity features a (4) property portfolio within a 3-mile radius in Gettysburg, Pennsylvania. Offering includes 16 apartment units, (1) commercial unit, and (2) garages. Portfolio price is $91,176 per unit. Apartment unit mix is (15) two-bedroom apartments and (1) one-bedroom apartment. Commercial unit leased to a local salon. All properties include off-street parking. Apartment leases are short-term with long-term tenants allowing flexibility for the new owner. Rents below market. Buildings have been well-maintained. Current owners acquired the properties from 1995-2008 and manage internally. Properties have metered electricity. There is (1) apartment vacancy which will be kept vacant for new owner to lease at market rate. Strong historical occupancy levels. The Chambersburg Road property includes coin-operated laundry. Current annual rent $142,980. Projected annual rent at market rates is $181,200. Proforma NOI $115,913 reflecting 7.48% Cap Rate. Offering Memorandum available upon request and included in associated documents. Property Overview: 1338 Chambersburg Rd, Cumberland Twp (8 Apartments,5 Storage Closets & Garage). 358 York St, Gettysburg Borough (1 Commercial Unit & 2 Apartments). 503 York Street, Gettysburg Borough (2 Apartments & Garage). 141 W. High Street, Gettysburg Borough (4 Apartments).
Listed by ANDREW WOLFE of Wolfe & Company REALTORS

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