$260,000
$270,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
754 N RAILROAD ST Palmyra, PA 17078
2,600 SqFt
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $100
MLS Listing ID PALN2011710
Sold Date 09/16/24
Style Cape Cod,Ranch/Rambler
Abv Grd Liv Area 2,600
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $3,376
Tax Year 2023
Lot Size 0.300 Acres
Acres 0.3
Property Description
Excellent investment opportunity with 2 buildings on one parcel, very close to Hershey! The front building is approximately 700 sq ft and a 2 year commercial lease was signed with a hair salon on October 1st,2023. Rental income is $950/mo for the first 9 months and then it will automatically increase to 1,100 a month. There are 6 parking spots in the small lot with the salon. The back building is approximately 1800 sq ft and is set up with 7 suites, a laundry room, and a bathroom. That building is currently vacant due to lack of parking for the rear building to be able to accomodate most business types. The owners will be starting renovations to convert back into a single family residence very soon and will be taking this property off the market once they begin construction. So don't delay, schedule your appointment to view today!
Location
State PA
County Lebanon
Area Palmyra Boro (13216)
Zoning MU
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Metal
Accessibility 2+ Access Exits
Parking Type Off Street, Parking Lot
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Ranch/Rambler
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Palmyra Area
Others
Tax ID 16-2288286-360837-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Alyssia Kreischer • TeamPete Realty Services, Inc.