PORTFOLIO - 70 PROPERTIES TRACT Hanover, PA 17331

$9,500,000
PORTFOLIO - 70 PROPERTIES TRACT, Hanover, PA 17331
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1000265860

Multi-Family Home for sale in Hanover, PA

for $9,500,000 with 3 bedrooms and 1 full bath, 1 half bath. This 109,950 square foot home was built in 1913 on a lot size of 1.00 Acre(s).

Property Information

  • $9,500,000
  • 3 Bedrooms
  • 1 Full Bath, 1 Half Bath
  • Multi-Family
  • 109,950 Square Feet
  • Taxes are $179,865
  • Other / Unknown
  • Active
  • Lot size of 1.00 Acre(s)
  • Built in 1913
  • Hanover, PA
  • York County
  • MLS/Web ID is 1000265860

Description

ROCK Commercial Real Estate is proud to present an exciting investment opportunity in York and Adams Counties. The acquisition of this 70-property/108 rental unit portfolio will allow investors to participate in a developed sub-marketplace that includes the Gettysburg, Hanover, and Northern Adams County regions. By acquiring the 70 properties, the investor would immediately become a regional leader within this rental housing market. This opportunity presents a significant in-place annual income of $1, 114, 440, or $87, 963 per rental unit. The current owners have achieved a 100% occupancy rate and strong market rental rates by investing approximately $1.5 million dollars into renovations and repairs over the past three years. These ongoing repairs and maintenance should reduce expense assumptions going forward. This marketing information does not claim to be all-inclusive or contain all of the information which a prospective investor may desire.

Interior 6

Basement

  • Full Basement

Cooling System

  • Electric Cooling
  • Window Unit(s)

Heating Source

  • Natural Gas

Heating System

  • Hot Water
  • Hot Water Heater: Gas

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 1

Construction

  • Frame

† Excluded Feature

Neighborhood & Schools

School District: GETTYSBURG AREA

 See complete school information

Listed By

Broker: ROCK COMMERCIAL REAL ESTATE

PORTFOLIO - 70 PROPERTIES TRACT, Hanover, PA, 17331 is a Multi-Family Home for sale at $9,500,000 with 109,950 sqft and a lot size of 1.00 Acre(s). PORTFOLIO - 70 PROPERTIES TRACT has 3 bedrooms, 1.1 baths, and was built in 1913. The property's zip code is 17331 which is in Hanover, PA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Hanover $298,361 97 % below $214,900 98 % below
Multi-family listings in Hanover $799,862 92 % below $165,950 98 % below
Sold listings in Hanover $179,347 98 % below $171,000 98 % below

Local Sold History

Address Beds Baths Sqft Sold Price Sold Date Distance (miles)
103 PLEASANT ST
Hanover, PA
3 2.00 0.00 $56,900 5/26/2017 0.29
19 PLEASANT ST
Hanover, PA
3 1.00 1368.00 $106,000 6/16/2017 0.31
511N FRANKLIN ST
Hanover, PA
3 2.00 1200.00 $122,500 6/22/2017 0.36
23 ONEILL AVE
Hanover, PA
3 1.00 1260.00 $110,000 8/14/2017 0.40
10 WHISPERING LANE
Hanover, PA
3 2.00 1885.00 $294,750 6/16/2017 0.41

Get the facts about Hanover, PA!

Population 15,585
Population Growth (since 2000) 7 %
Median Income $44,709
Median Age 41.11
Households w/ Children 26 %

Residential Dwellings

  • Owned 3829
  • Vacant 428
  • Rented 3096

Similar Listings

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