6403 Glenwood StMechanicsburg, PA 17050

Property Details for 6403 Glenwood St

Lot size

0.53 AC

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

10-17-1029-074

APU

10171029074

Description

This exceptional investment opportunity presents two adjacent apartment buildings located at 6403 & 6405 Glenwood Street in Mechanicsburg, Pennsylvania. The property encompasses a combined 12,000 square feet on a 0.53-acre lot. The complex consists of eight individual units, currently generating a gross annual income of $144,000, based on a monthly rental income of $1500 per unit. All units underwent complete renovations in 2024, ensuring modern amenities and attractive living spaces for tenants. This translates to a strong return on investment for the discerning buyer. The seller is offering a unique guarantee: a first-year income assurance of $1500 per unit, mitigating initial investment risk. This multi-family property is ideally situated in Mechanicsburg, offering easy access to local amenities and a stable rental market. The property's strong cash flow, recent renovations, and seller guarantee make this an exceptional opportunity for investors seeking a secure and profitable addition to their portfolio. The asking price for this turnkey investment is $1,575,000. This is a rare chance to acquire a well-maintained, high-yielding multi-family property in a desirable Pennsylvania location. Don't miss this chance to secure a substantial and reliable income stream.

• CAP approach

  CAP return

  Valuation

  6%

  $6,107,942

  6.5%

  $5,638,100

  7%

  $5,235,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,654,962

  Geo Method

  $2,251,225

• Alternative Use

  Use

  Valuation

  Residential

  $5,638,100

  Hospitality

  $5,164,470

  Educational

  $4,296,778

  Medical

  $4,444,551

  Retail

  $6,683,878

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.2569

Longitude

-77.0054

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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