1 Charlotte StManheim, PA 17545

This exceptional three-story mixed-use building, situated on a 0.28-acre lot in Manheim's Market Square, presents a compelling investment opportunity. The property boasts 12,800 square feet of net rentable space, encompassing a fully occupied 25-unit apartment building and a large first-floor commercial space. The apartment units, currently operating as a boarding house with a waiting list, command weekly rents ranging from $145 to $200, with potential for increases. Tenants share common bathrooms on each floor. The building features numerous recent upgrades, including a new metal roof, architectural shingles, rubber roof, exterior paint, windows, electrical system, plumbing, and a two-year-old HVAC system. A hardwired security system enhances safety. The commercial space, approximately 4,273 square feet, offers high visibility with large arched windows and a new paver patio, ideal for a restaurant or café. It's available as-is for $2,500 per month plus net-net or build-to-suit for $5,500 per month plus net-net. The property includes a 12-space rear parking lot, supplemented by ample street parking. Built in 1900 and extensively renovated in 2022, this Class A property benefits from a 96% occupancy rate, generating a net operating income (NOI) of $172,311 and a 9.57% capitalization rate. The asking price is $1,799,990, translating to $140.62 per square foot. The property is zoned for Central Business District - Mixed Use and offers month-to-month lease options. The current property manager is open to remaining. This turnkey investment offers significant upside potential in a thriving market.