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Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,160 sqft
Price per Sqft $94
MLS Listing ID PALN2001240
Sold Date 11/15/21
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $13,198
Tax Year 2021
Lot Size 0.830 Acres
Acres 0.83
Property Description
Don't miss this Great Investment Opportunity!
Come and See this 13 unit apartment complex near the park in Myerstown. Property includes two apartment houses, a separate barn with an apartment and a large three bay garage, plus off street parking and a coin operated Laundry. All units are currently rented. Barn apartment and large garage are currently being used by the owner. New owner could live here rent free or rent out those two buildings for an instant increase in income.
Expansion is possible, as the third floor of 619-621 is completely vacant and could house a few more apartments. The finished space in the barn is on the 2nd and 3rd floors and could be expanded to the 1st floor to make a very large 3 bedroom apartment or two smaller apartments.
With the tenants in mind, we are going to start with a three day showing on September 10, 11 & 12. Showings will be between 10:00 am to 4:00pm. A 48 hour notice will be required. Showings can be scheduled ahead of time on showing time. Only pre-qualified buyers please. All offers due by Monday the 13th at 12:00 noon.
See Documents for property information sheets as well as income and expense sheets.
Photos were taken of only a few apartments to protect the privacy of the other tenants. The condition of these units does not represent all of the other units as there are some long term tenants in place.
Location
State PA
County Lebanon
Area Myerstown Boro (13215)
Zoning CA
Interior
Hot Water Natural Gas
Heating Forced Air, Radiator
Cooling Ductless/Mini-Split, Window Unit(s)
Heat Source Electric, Oil, Coal
Exterior
Garage Spaces 11.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot, On Street
Total Parking Spaces 11
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Eastern Lebanon County
Others
Tax ID 15-2371754-379972-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Ginger Parker • Howard Hanna Krall Real Estate