This exceptional value-add opportunity presents a three-story, nine-unit apartment building located in the heart of Carlisle, Pennsylvania's historic district at 30 W High St, 17013. Built in 1776, this Fee Simple owned property boasts approximately 6,500 to 7,800 square feet and offers a compelling 12% capitalization rate. Currently, seven units are available for lease, comprising four two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments. Additionally, there's a commercial space with two bathrooms, currently occupied by a tattoo parlor, which the seller may lease back. The building features separately metered electric, with a heat pump for the main floor and independent electric heat in the remaining units. Most units are nearly ready for lease, with vacancies aside from the existing commercial tenant. Significant improvements have already been made, including most window replacements and roof repairs. The property benefits from its location within the historic district, making it eligible for grant funding for façade improvements. Fifteen off-street parking spaces are available, supplemented by a nearby parking garage. The asking price is $750,000, translating to approximately $83,333 per unit. A quote for $71,000 is available for completing remaining renovations, with an additional estimated $30,000-$40,000 needed for mini-split installations in each unit. The seller is open to considering seller financing. The property is zoned for General Commercial use. Detailed financial projections are available upon request.
Highlights
Seven-unit multifamily property, as-is condition.
12% capitalization rate.
Pro forma financial reports available.
Property Details
for 30 High St
Property type
Apartment buildings
Square Feet
6,500 SF
Class
B
Year Built
1776
Buildings
1
Stories
3
Units
9
Location Insight
City
Carlisle
County
Cumberland
State
Pennsylvania
Latitude
40.2014572
Longitude
-77.1907414
30 High St, Carlisle, Pennsylvania
Nearby Similar for Sale
For Sale
$459,900
Carlisle Commercial Land - 2.62 Acres
Prime Carlisle location, mixed-use zoning, development opportunity.
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Contacts
Nathan Barshinger
Visit Broker Website
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30 High St, Carlisle, Pennsylvania, 17013
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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30 High St
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