Multi Family Land SOLD in Palmyra, Lebanon County, Pennsylvania

Multi Family Land SOLD in Lebanon County, Pennsylvania


Posted By:	John Nicholls, Nicholls Auction Marketing Group, Fredericksburg, Virginia, United States (540) 898 - 0971 www.nichollsauction.com Licensed at: Virginia, Licensed #: 729
Click to contact: John Nicholls, Nicholls Auction Marketing Group, Fredericksburg, Virginia, United States
This land is listed as for auction!

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The details of the land is listed below.
Auction Date:	10/19/2016
Address:	502 S. Franklin
City:	Palmyra
County:	Lebanon
State & Zip:	Pennsylvania, 17078
Property Type:	Commercial Building
Bedrooms:	0
Bathrooms:	0
Year Built:	0
Building Area:	7072 sqft
Land Use:	Multi Family
Land Area:	0.56 Acres
Price:	Contact Agent for Price
Terms:	Cash
Contract Status:	SOLD
Description:	8 Unit Apartment Complex Only Minutes from Hershey Medical Center & HersheyPark – Online Only Auction ONLINE ONLY REAL ESTATE AUCTION Bidding Begins Closing on Wednesday, October 19 at 3 pm. 502 S. Franklin Street Palmyra, PA 17078 Price to be determined at online only Auction. Well built and maintained 8 unit brick apartment complex w/an excellent location in Palmyra, PA (Lebanon County). BID NOW. Online Bidding Closes on Wednesday, October 19 @ 3pm--Only $250,000 Starting Bid. This rock solid and well maintained 8 unit apartment complex was built and has been owned by the same dear family for 50 years. We are honored to have been entrusted to market and sell this excellent real estate offering at ONLINE ONLY AUCTION. The apartments are great, but the location may be better!! Own an excellent income producing property by bidding today. - 8 unit brick apartment complex (2 buildings) totaling 7,072 +/- sf. on .56 +/- acres - Each unit has 2 bedrooms w/hardwood flooring, 1 bathroom w/tub/shower combo (vinyl flooring), kitchen (vinyl flooring), living room w/hardwood flooring, unfinished cement floor basements - Each unit has front and rear entrances - Each unit has baseboard/oil hot water heating system - Each unit has it’s own separate electric and water meters - Roof is 16 years old - Concrete sidewalks, curbing and patios; 6 x 34 breezeway; road frontage on all 3 sides - Current leases have an automatic 30 day renewal with a 30 day notice required prior to vacating the premises (month to month) - Current rents: 502 S Franklin: $690; 506 S Franklin: $630; 510 S Franklin: $630; 520 S Franklin: $690; 524 & 528 S Franklin: vacant; 505 Birch: $660; 504 E Pine: vacant. The 3 vacant apartments represent long time tenants (40, 30 & 15 years respectively) who have relocated to nursing homes due to health/age issues. - All current tenants pay their own utilities (electric, water, cable, etc.) and they pay $125 per quarter to the owners for sewer and trash service. - This property boasts an attractive location only 6 miles from Penn State Milton S. Hershey Medical Center, 5 miles from Hersheypark, 1.9 miles from General Mills, 2.5 miles from Hershey Food Corp., and very close to Palmyra Area Middle & High Schools. - Tax ID: 16-2293165-356460-000; DB: 00050-1153; Record number: R208088; Zoned: R1 (Legal Non-Conforming Use); Apartment''s physical addresses: 502, 506, 510, 520, 524 & 528 S. Franklin; 504 East Pine; 505 Birch, Palmyra, PA 17078 - Only $250,000 Starting Bid. Bidding Note: Online Bidding Only. BID NOW. Bidding begins closing on Wednesday, October 19 at 3 pm Eastern. Please contact Kelly Strauss (540-226-1279) for questions concerning terms and conditions, and contact Bobby Bering (717-926-5153) to set up a private preview of the property. ATTN REALTORS: If you are a Realtor representing a buyer, please complete the broker participation form. In order to be compensated, broker forms must be completed and submitted no later than 5 pm on 10/18/16. Thank you for your interest in this property. If you need additional information please visit www.nichollsauction.com. Nicholls Auction Marketing Group Corporate Office: 888.357.2814 E-mail: info@nichollsauction.com On the web at: www.nichollsauction.com VAAF 729
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NOTES: THIS OFFERING IS SUBJECT TO ERRORS, OMISSIONS, PRIOR SALE OR WITHDRAWAL WITHOUT NOTICE.

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