6403 Glenwood St Mechanicsburg, PA 17050-1900
This exceptional investment opportunity presents two adjacent apartment buildings located at 6403 & 6405 Glenwood Street in Mechanicsburg, Pennsylvania. The property encompasses a combined 12,000 square feet on a 0.53-acre lot. The complex consists of eight individual units, currently generating a gross annual income of $144,000, based on a monthly rental income of $1500 per unit. All units underwent complete renovations in 2024, ensuring modern amenities and attractive living spaces for tenants. This translates to a strong return on investment for the discerning buyer. The seller is offering a unique guarantee: a first-year income assurance of $1500 per unit, mitigating initial investment risk. This multi-family property is ideally situated in Mechanicsburg, offering easy access to local amenities and a stable rental market. The property's strong cash flow, recent renovations, and seller guarantee make this an exceptional opportunity for investors seeking a secure and profitable addition to their portfolio. The asking price for this turnkey investment is $1,575,000. This is a rare chance to acquire a well-maintained, high-yielding multi-family property in a desirable Pennsylvania location. Don't miss this chance to secure a substantial and reliable income stream.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.