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Holmes PA Real Estate & Commercial for Sale

1 Properties Found

The median home value in Holmes, PA is $230,000. This is lower than the county median home value of $860,000. The national median home value is $277,796. The average price of homes sold in Holmes, PA is $230,000. Approximately 71% of Holmes homes are owned, compared to 22% rented, while 7% are vacant. Holmes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Holmes real estate agent to arrange a tour today!
Learn more about Holmes Real Estate.


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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
PADE2032686
Type:
Apartment Building
Year built:
1953
Courtesy: Zommick McMahon Commercial Real Estate
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For sale is a well maintained three-unit investment property. The property consists of two buildings; the first building is a single-story structure located in the front of the property that consists of a storefront and the second building is a two-story structure located in the rear of the property that consists of two apartments, one on each floor. The apartments and storefront are all fully leased. The storefront dimensions are 25' wide by 55' deep. Each apartment has one dedicated parking space located behind the first building and the storefront shares the use of the parking lot with 234 Holmes Ave (the property next door). 230 Holmes Ave (Subject property) owns the driveway while 234 Holmes Ave (neighboring property) owns the parking lot. The deeds to both properties state that 234 Holmes Ave has a right to use the driveway on the 230 Holmes Ave property to access the parking lot and that 230 Holmes Ave has a right to share the use of the parking lot located on the 234 Holmes Ave property. There are 8 spaces in the parking lot and it is currently being used on a first come, first serve basis. Rental income for the first-floor apartment is $740/month and the lease renews annually. The rent for the second-floor apartment is $750/month and the lease renews annually. The rent for the storefront is $1,500/month and the lease is for 3 years and renews March 1, 2026. Total rental income is $2,990.00 per month ($35,880.00/year). Insurance is $2,265/year, taxes for 2021 are $4,726/year, and water is $720/year.

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