2540 Falling Spring Road
$795,000
—
6,500
6,500
$122
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...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!
- Listed by James Franklin Penny III • RE/MAX 1st AdvantageP: (717)-979-4199 jim.penny73@gmail.com
- Listed by Cuong Dang • RE/MAX 1st AdvantageP: (717)-319-0236 cuongcdang@gmail.com
Property Details for 2540 Falling Spring Road
Tax ID Number
10-D09-69
OwnershipFee Simple
Structure TypeOther
StyleOther, Cabin/Lodge
WaterfrontNo
ViewsCreek/Stream, Panoramic, Scenic Vista, Trees/Woods
GarageYes
Expected On Market Date06-18-2024
LISTING UPDATED: 10/18/2024 09:39 AM
Property Details for 2540 Falling Spring Road
Status | Active |
---|---|
MLS # | PAFL2020848 |
Days on Market | 158 |
Taxes | $11,182 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1985 |
Lot Size | 4.36 AC / 189,921 SF |
County | Franklin County |
Building Information for 2540 Falling Spring Road
Stories-Residences3Year Built1985Building Size-Lot Size4.36 AC / 189,921 SF
Property Information for 2540 Falling Spring Road
Property History for 2540 Falling Spring Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2540 Falling Spring Road
Taxable ValueLand$8,720Additions$62,140Total$70,860
Tax Record2024$11,182 ($932 / month)
Home Facts
Total Finished SqFt6,080 SqFtAbove Grade Finished SqFt6,080 SqFtStories2Lot Size189,922 SqFtStyleMulti-Family Res (5+ Units)Year Built1985CountyFRANKLINAPN10-D9-69
Schools near 2540 Falling Spring Road
This home is within Chambersburg Area School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Guilford Hills El School PublicK to 5 | ||
Chambersburg Area Ms - North Public6 to 8 | ||
Chambersburg Area Senior High School Public9 to 12 | ||
Falling Spring El School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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