2540 FALLING SPRING RD, Chambersburg, PA 17202

Chambersburg, PA 17202,2540 FALLING SPRING RD

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$795,000

Est. payment - /mo

6,500 SqFt

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UPDATED:

11/25/2024 04:20 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $122

Subdivision Chambersburg

MLS Listing ID PAFL2020848

Style Other,Cabin/Lodge

Abv Grd Liv Area 6,500

Originating Board BRIGHT

Year Built 1985

Annual Tax Amount $11,182

Tax Year 2022

Lot Size 4.360 Acres

Acres 4.36

Property Description

Welcome to the Falling Spring Bed and Breakfast Lodging House, a unique property that offers the perspective owner a great opportunity for substantial, additional income! Seller financing will be considered for qualified buyers. Well known in the area, Falling Spring once hosted former Presidents Jimmy Carter and Bill Clinton, who visited the area to fly fish on the spring bearing the same name. Lovingly maintained and renovated by its current owner since he acquired it in 2017, the main building boasts numerous improvements including new luxury vinyl plank flooring throughout, electrical wiring updated to meet L&I Code, all new plumbing, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. An on-site manager, who is responsible for cleaning and serving a continental breakfast daily, is willing to stay on with the new owner. The building also has 11 rentable rooms (one currently occupied by the manager), a pair of coin-operated laundry machines, and offers the potential for over $100,000 in net annual income assuming full occupancy. Want more space? There is a Cape Cod style storage building on the property, that could easily be finished, as well as a large garage building featuring an office area, a half bath, three new doors, and a new breaker box. Big enough to accomodate several large vehicles or a car collection, this garage could easily be leased out to provide even more rental income. Thinking of hosting events? The large parking lot, which runs parallel to Park Terrace Drive, provides more than 40 spaces to acoomodate your guests! Also, the blacktopped area to the right of the rear courtyard provides an ideal space for a tent to host outdoor events in the spring and summer months. Don't miss out on this great business opportunity! Bring offers to this motivated seller!

Location

State PA

County Franklin

Area Guilford Twp (14510)

Zoning RESIDENTIAL

Rooms

Basement Outside Entrance, Combination

Interior

Interior Features Attic, Breakfast Area, Dining Area, Kitchen - Country, Exposed Beams

Hot Water Electric, Instant Hot Water, Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Luxury Vinyl Plank

Fireplaces Number 1

Inclusions One set of coin-operated laundry machines, five refrigerators, three microwaves, and one stand-alone freezer.

Fireplace Y

Heat Source Natural Gas

Exterior

Exterior Feature Patio(s), Deck(s), Balcony

Garage Garage Door Opener, Additional Storage Area

Garage Spaces 66.0

Water Access N

View Creek/Stream, Panoramic, Scenic Vista, Trees/Woods

Roof Type Metal

Accessibility Ramp - Main Level, Level Entry - Main

Porch Patio(s), Deck(s), Balcony

Total Parking Spaces 66

Garage Y

Building

Lot Description Irregular, Stream/Creek, Partly Wooded

Sewer Public Sewer

Water Public

Architectural Style Other, Cabin/Lodge

Additional Building Above Grade

New Construction N

Schools

Middle Schools Faust Junior High School

High Schools Chambersburg Area Senior

School District Chambersburg Area

Others

Tax ID 10-D09-69

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Bank Portfolio, Cash, Lease Purchase, Seller Financing

Listing Terms Bank Portfolio, Cash, Lease Purchase, Seller Financing

Financing Bank Portfolio,Cash,Lease Purchase,Seller Financing

Special Listing Condition Standard

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Listed by James Franklin Penny III • RE/MAX 1st Advantage

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262