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Bedrooms
2.0
Baths
0
Sqft
0.07
Acres
About this home
Investment Opportunity – Fully Rented 2-Unit Colonial in Shippensburg
This well-maintained colonial-style duplex, built in 1920, offers a total of 2,034 sq. ft. and consists of two 2-bedroom, 1-bath units. Each unit has separate entrances, electric and baseboard heating (a plus for tenants), and the property includes four off-street parking spaces—a valuable feature in the area.
Downstairs Unit: Rents for $875/month + utilities
Upstairs Unit: Rents for $950/month
Total Monthly Income: $1,825/month
Current tenants were inherited and are reliable, with an excellent payment history.
With 2-bedroom rentals in Shippensburg currently ranging from $1,120 to $1,250/month, there is strong potential to increase rents to market value beginning in January. This property is ideal for university students or young families due to its size and location.
Some cosmetic updates (kitchen, flooring, paint) could further raise property value to $230,000–$249,000, aligning with comparable sales in the area.
Current Asking Price: $215,000
Flood Insurance: $2,500/year (required due to river proximity; township reevaluation may be possible)
This is a solid, income-producing property with immediate cash flow and long-term value potential. Great financing options are available for rental properties, especially those already generating rental income.
