Listed by Mike Cipar

Bought with Penny Noll

Listed and Bought with Jerry Buffa

69 S 3rd St, Hamburg, PA, 19526

$265,000

5
3
4824 sq. ft.
0.25 ac.

MultiFam

Sold: May 2, 2017

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About this property

GREAT INVESTMENT OPPORTUNITY! Turn key 6-7 unit mixed use property with a bonus 7-8 car garage. Gross rental income $49,000 with potential of up to $58,000. Low maintenance money maker! VERY CONSISTENT INCOME! Owner pays gas heat, water/sewer, and trash. Tenants pay their own hot water and electric. Property consists of two separate buildings on one parcel. Front building has a successful commercial hair salon on the first floor with full bath(tenant for 20 years), life lease tenant on second floor, and a 1 bedroom apt on the third floor. Rear building consists of two 2 bedroom units and one 1 bedroom unit as well as multiple storage areas and a 7-8 car garage(currently empty). Several improvements were made in the last year including a new front sidewalk, gas boiler conversion/chimney liner, new fencing, and misc new roofing, just to name a few. Building is priced with a 9.7% cap rate as is, but has an upswing potential of another 9500+ per year.

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