404 Broadway, Hanover, PA 17331

$250,000
Sold Price
$250,000
List Price
$275,000
Closing Date
Dec 20, 2023
Days on Market
68
Status
CLOSED
MLS#
PAYK2048840
Lot Size (Acres)
0.07
Year Built
1930
County
York
School District
Hanover Public

Property Description

Incredible Investment Opportunity in Hanover, PA! 6-Room Boarding House with Outstanding Cap Rate and Cash-on-Cash Return over 12%! Welcome to this promising property in Hanover, Pennsylvania, offering savvy investors an exceptional opportunity. This 6 bedroom, 4 bathroom boarding house boasts an impressive cap rate and cash-on-cash return, both exceeding 12%, making it an enticing prospect for those seeking high returns. While the property may require some improvement, its potential for substantial financial gains cannot be overlooked. With an affordable entry point, you have the flexibility to customize upgrades to enhance its appeal and rental income, thereby boosting your returns over time. Situated in a location with consistent demand for affordable housing, this property offers diversified income streams and the potential for long-term growth as Hanover, PA, continues to prosper economically. Don't miss out on this unique investment offering. Seize the opportunity to shape this property to your vision and capitalize on the strong rental market in Hanover, PA.

Additional Information

Area
Hanover Boro (15267)
Subdivision
Hanover Boro
Taxes
$3223
School District
Hanover Public
Heating
90% Forced Air
Heating Fuel
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EXP Realty, LLC. Contact: (888) 397-7352

Selling Office: .