Located along the main corridor in Hanover, PA, this mixed-use property has
been extremely well maintained. The property is comprised of 7 apartments, 3 commercial spaces, and 7
storage/shop spaces. The property has had one owner for the last
22 years, who has taken great care with updates & improvements.
Currently 100% leased, this property generates a strong cash flow, with solid
upside potential. Apartment rents are lower with long-time tenants on month-to-month
leases, making it easy for a new owner to increase the cash flow on day one.
The commercial spaces are leased by a salon, a bakery, and a church with longer term leases.
There are 7 parking spaces on the property, with substantial street parking and
a borough lot located only 1 block north of the property.
Excellent Cash flow with true 8.4% CAP. See agent for financials.