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Listed by Chase Bricker • Antietam Realty
$375,000
Est. payment /mo
3,400 Sqft Lot
New
148 E QUEEN ST Chambersburg, PA 17201
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAFL2037408
Year Built 1900
Annual Tax Amount $5,544
Tax Year 2025
Lot Size 3,400 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Five-unit apartment building in downtown Chambersburg at $75,000 per unit. Three 2BR/1BA, one 2BR/1.5BA, one 1BR/1BA. Four units leased at $3,475/month ($41,700/year); trailing 12-month gross income $48,233. Apartment 2 (2BR/1.5BA) is vacant and needs only paint and minor repairs, projecting to $1100/month and bringing scheduled rent to $4,575/month ($54,900/year). Several in-place rents were set years ago and sit below market, adding a second path to higher income at turnover. T12 operating expenses $13,057 before taxes and insurance. One recently replaced gas furnace heats the building; owner pays heat, water, sewer and trash, tenants pay their own electric. Apartment 4 has held the same tenant since 2010. T12 statements, rent roll and leases available on request. Schedule your showing today, you do not want to miss out on this!
Location
State PA
County Franklin
Area Chambersburg Boro (14502)
Zoning CC
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Chambersburg Area
Others
Tax ID 03-1E01.-015.-000000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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