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Key Details
Sold Price $185,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $98
MLS Listing ID PACB2037426
Sold Date 12/20/24
Style Unit/Flat
Abv Grd Liv Area 1,872
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,082
Tax Year 2024
Lot Size 10,019 Sqft
Acres 0.23
Property Description
Located in downtown Mechanicsburg, 208-210 E. Locust Street offers an investment opportunity with two fully occupied rental units and a large, 20x48 four-car garage. This property provides immediate rental income, with the added potential of generating extra revenue through the garage. While the property does require some TLC and updating, it offers great potential for investors willing to make improvements.
The first-floor unit features 3 bedrooms, a spacious kitchen, high ceilings, and an open layout, with laundry hookups in the unfinished basement. The second-floor 2 bedroom unit adds another stream of rental income. The large garage is a standout feature, offering ample parking and storage, with opportunities to further capitalize on the growing demand for space in downtown Mechanicsburg.
This property is located in a walkable, central area with easy access to shops, restaurants, and major highways. Mechanicsburg's small-town charm and prime location make it a desirable spot for renters, ensuring steady demand. With some upgrades, this property can be transformed into a more modern, higher-value investment with increased rental income.
Owner pays all utilities; water, sewer, trash, oil heat and electricity.
Location
State PA
County Cumberland
Area Mechanicsburg Boro (14416)
Zoning OLD TOWN
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Fireplace N
Heat Source Oil
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Mechanicsburg Area
School District Mechanicsburg Area
Others
Tax ID 17-23-0565-160
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Lisamarie Hance • EXP Realty, LLC