148 E QUEEN ST, Chambersburg, PA 17201
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148 E QUEEN ST, Chambersburg, PA 17201
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Miguel C Martinez

Miguel C Martinez

+1(703) 725-8395
Listed by Chase Bricker • Antietam Realty
$ 375,000
Est. payment /mo
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148 E QUEEN ST Chambersburg, PA 17201

3,400 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAFL2037408

Year Built 1900

Annual Tax Amount $5,544

Tax Year 2025

Lot Size 3,400 Sqft

Acres 0.08

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Five-unit apartment building in downtown Chambersburg at $75,000 per unit. Three 2BR/1BA, one 2BR/1.5BA, one 1BR/1BA. Four units leased at $3,475/month ($41,700/year); trailing 12-month gross income $48,233. Apartment 2 (2BR/1.5BA) is vacant and needs only paint and minor repairs, projecting to $1100/month and bringing scheduled rent to $4,575/month ($54,900/year). Several in-place rents were set years ago and sit below market, adding a second path to higher income at turnover. T12 operating expenses $13,057 before taxes and insurance. One recently replaced gas furnace heats the building; owner pays heat, water, sewer and trash, tenants pay their own electric. Apartment 4 has held the same tenant since 2010. T12 statements, rent roll and leases available on request. Schedule your showing today, you do not want to miss out on this!

Location

State PA

County Franklin

Area Chambersburg Boro (14502)

Zoning CC

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Chambersburg Area

Others

Tax ID 03-1E01.-015.-000000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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Miguel C Martinez
Miguel C Martinez

Owner License ID: 0225072428

+1(703) 725-8395

AgentMCM.Com

8315 Lee Hwy #430, Fairfax, VA 22031, USA

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148 E QUEEN ST