Hanover, PA 17331,404 BROADWAY
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Hanover, PA 17331,404 BROADWAY
Hanover, PA 17331,404 BROADWAY

$250,000

Est. payment /mo

$275,000

9.1%
Est.Price: ?

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404 BROADWAY Hanover, PA 17331

1,500 SqFt

SOLD DATE : 12/20/2023

Key Details

Sold Price $250,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $166

Subdivision Hanover Boro

MLS Listing ID PAYK2048840

Sold Date 12/20/23

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $3,223

Tax Year 2022

Lot Size 3,001 Sqft

Acres 0.07

Property Description

Incredible Investment Opportunity in Hanover, PA!
6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%!

Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns.

While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time.

Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically.

Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.

Location

State PA

County York

Area Hanover Boro (15267)

Zoning ROOMING HOUSE

Interior

Hot Water Natural Gas

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 10

Garage N

Building

Foundation Stone, Permanent

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Hanover Public

Others

Tax ID 67-000-18-0145-A0-00000

Ownership Fee Simple

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Smoke Detector

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Nathaniel Martin Barshinger • EXP Realty, LLC
Bought with Bradley J Bygall • Lime House
agent

Speicher Group

License ID: 324114

+1(808) 495-7345

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