347 N RAILROAD STREET, Palmyra, PA 17078

Don’t miss your opportunity to own this turnkey 12 unit apartment building in Palmyra. This property has all new replacement windows, freshly painted common areas, new hot water heater, paved parking lot, updated roof and 12 one bedroom/one bath units that have all been partially updated inclucing newer alppliances. This property is currently 100% occupied with many seasoned tenants. It includes additional annual income from coin operated laundry in the basement/laundry area. The washer/dryers are less then 5 years old. This beautiful building is conveniently located near Hershey, 83, 283, and 743. It is also nestled very close to all local shopping amenites, major medical centers, and dining. Property performs flawllessly on an annual basis with little to no vacancy. Based on curent rent roll and operating expenses, the property is running at about a 7% CAP which you can see in the attached documents. There is also addtional room for future rent increases. Member of LLC that owns property is a PA Licensed Realtor and also is the sole member of the property management company that currently manages the building.

NOTE:

1. All 12 units are all electric, have their own breaker panels in the unit and are metered separately so tenants are responsible for unit electric per the terms of their lease.
2. There is a common area electric meter and owner pays for water, sewer, trash and hot water. The building has a new commercial hot water heater.