Property Details for 7 Adams Street Ext

Year built

1920

Lot size

0.69 lot acres

Property size

9,027 SF

Property type

Multifamily properties

Description

This exceptional ten-unit apartment building presents a compelling investment opportunity in the thriving Enola, PA market. Situated on a sizable 0.69-acre lot at 7 Adams Street, this property boasts 9,027 square feet of living space, comprised of eight two-bedroom units and two three-bedroom units. Each unit features individually metered utilities, simplifying management and maximizing efficiency. The property benefits from a coin-operated laundry facility located in the basement, providing an additional revenue stream. The roof is scheduled for replacement in the spring, ensuring long-term structural integrity. This property offers significant value-add potential. The expansive lot allows for the possibility of expanding parking to accommodate recreational vehicles, boats, or other storage needs, although this requires further investigation. The property's suitability for Section 8 tenants presents a stable income stream. Note that this property may be available as part of a larger package including a thirteen-unit multi-family building (ten residential, three commercial) located at 304 Market Street, Lemoyne, and a three-unit building at 211 Market Street, New Cumberland. Prospective buyers are encouraged to conduct their own due diligence regarding the potential expansion of parking and the availability of the property as part of a larger package. The asking price for this property is $1,200,000.

Location Insight

City

Enola

County

Cumberland

State

Pennsylvania

Longitude

-76.9308

Latitude

40.2809