1312-1316 Alexander AveChambersburg, PA 17201

Property Details for 1312-1316 Alexander Ave

Year built

1938

Property size (Sq ft)

4,096 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained four-unit apartment building at 1312-1316 Alexander Avenue in Chambersburg, Pennsylvania, presents a compelling investment opportunity. The property boasts 4,096 square feet and is situated on a fee-simple lot (APN: 02-1C20.-035.-000000). Built in 1938, this mixed-use zoned property features three off-street parking spaces. Recent upgrades include a new metal roof and updated decks and doors. The property is currently in excellent condition and enjoys high occupancy rates, ranking in the top 2% of rental properties in the area according to recent borough inspections. Each unit is well-maintained, reflecting the pride of ownership by both the owner and current tenants. The property is conveniently located near Wilson College in a desirable neighborhood. This property is FHA, VA, and conventionally financeable. The asking price is $715,000, translating to $174.56 per square foot. There is potential to expand the existing finished space to increase rental income. A 24-hour notice is required for showings. This is a turnkey investment ready for immediate occupancy or continued rental income generation. Serious inquiries only.

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9494

Longitude

-77.6447

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