
Description
Located along the main corridor in Hanover, PA, this mixed-use property hasbeen extremely well maintained. The property is comprised of 7 apartments, 3 commercial spaces, and 7storage/shop spaces. The property has had one owner for the last22 years, who has taken great care with updates & improvements.Currently 100% leased, this property generates a strong cash flow, with solidupside potential. Apartment rents are lower with long-time tenants on month-to-monthleases, making it easy for a new owner to increase the cash flow on day one. The commercial spaces are leased by a salon, a bakery, and a church with longer term leases.There are 7 parking spaces on the property, with substantial street parking anda borough lot located only 1 block north of the property.Excellent Cash flow with true 8.4% CAP. See agent for financials.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
Description
Located along the main corridor in Hanover, PA, this mixed-use property hasbeen extremely well maintained. The property is comprised of 7 apartments, 3 commercial spaces, and 7storage/shop spaces. The property has had one owner for the last22 years, who has taken great care with updates & improvements.Currently 100% leased, this property generates a strong cash flow, with solidupside potential. Apartment rents are lower with long-time tenants on month-to-monthleases, making it easy for a new owner to increase the cash flow on day one. The commercial spaces are leased by a salon, a bakery, and a church with longer term leases.There are 7 parking spaces on the property, with substantial street parking anda borough lot located only 1 block north of the property.Excellent Cash flow with true 8.4% CAP. See agent for financials.
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