Fairfield Lodge 5104 Fairfield Rd 11 Unité Immeuble d’appartements 1 170 960 $ CAD (106 451 $ CAD/Unité) 8% Taux de capitalisation Fairfield, PA 17320

Established mid-term rental property in the desirable Gettysburg travel market.
Property includes 10 single room rentals, each with an attached bath. Each room has a microware, fridge, table & chairs, queen bed and space to spread out. The rooms rent for an average of $925 per month.
Also included is a house with five bedrooms, 2 ½ bathrooms, 2 car garage, and a framed attic for an additional bedroom/bath. The house is rented on a 1-year lease at $1,875 per month. The property has recently received over $136,000 in upgrades and improvements, and has been well maintained. Each private room rental is rented for seven days or longer, with many stays that are 6-9 months. The property is provided furnished to residents.
Excellent potential for a combination of STR and MTR to maximize gross rents.
Since the property is located near a ski resort and the destination town of Gettysburg, this provides consistent bookings year-round with ski traffic filling the winter months and tourism traffic during the warmer months.
Potential option to build more units - with 2.59 acres of land, there is plenty of open land that can be built upon to add more units. The current use as rentals is pre-existing non-conforming, so clients should check with the township to verify opportunities.
Potential to subdivide off the house to sell separately. The house has an estimated value of $300,000. This may require a township variance. Perfect option for an owner/operator complex to live in the house while rental income pays for your home and even more.