USAPAMcsherrystown359 Main St
Listing image | Image 1

359 Main St, Mcsherrystown, PA

House

For Sale

Listed price in listed location currency (USD).
$929,900

000

MLS® PAAD2023930

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5180 sqft
Garage 
Taxes $10,209
Days Active 19
Lot Size 
Approx. Age 1930
Avg. Price Per Sqft $179
MLS® Number PAAD2023930

Property Address: 359 Main St, MCSHERRYSTOWN, PA, 17344-1707

Average square foot calculated using Size range provided by listing agent.

Description

Established 17 Room boarding house plus two garage rentals is offered for sale in the suburbs of Hanover. Long time owners have taken great care of this well built property, and have a long established tenant base. This property has a Labor & Industry Certificate for code items, and is a long standing established Boarding house under the Commercial 1 zoning in McSherrystown Borough. The property was constructed in 1930 originally as a well built grand home, and was converted into a group home and later Boarding House. The property consists of 17 rooms over 4 floors. There are 3 Common bathrooms and one room that has a private bath. Residents use a common kitchen and have access to laundry area in basement. There are several generous porches for tenant use around the exterior, and on site parking for 17 cars. Many of the major components of the building are well within useful life, with the roof, Boiler, water heater all 10 years old approximately or newer. Each room is all- inclusive, with the Landlord covering the utilities, common area cleaning, Wi-Fi access, parking and basic furniture included. This increases the appeal for the tenant base with rent that provides all of their living costs. Each tenant signs an initial 6-month lease, converting to Month-to-Month at lease end. They are provided an option to pay weekly or monthly for rent. There is significant upside on rents, as Landlord has not recently done an increase, but has completed nice cosmetic upgrades recently. With significant operating efficiency and great upside in rents, The McSherrystown Rooming house presents investors opportunity to realize current 7% Cap with upside to 9% Cap.
MLS® NumberPAAD2023930
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
Basement
DrivewayParking Lot, Off Street
Garage Spaces
HeatHot Water, Natural Gas
A/COther

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$929,900List Price
  • Commute

Commute

Starting Address
Destination Address
359 Main St, Mcsherrystown, PA

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