514 S York St, Mechanicsburg, PA 17055

My husband and I have owned this home in Mechanicsburg for 20 years. For 12 years now, since our children have grown and moved to other states, we have spent part of the year at our river cottage and rented this home as a vacation rental, advertising on VRBO and Airbnb. Since we have both retired from our careers, we have decided that we would like to retire from the vacation rental in Mechanicsburg as well so that we can be freed up to travel and spend time with family out of state. We’re looking for someone who would like to purchase the home as is, completely furnished with everything from furniture to dishes, linens, everything you need to start renting. As a business, you will find that this home will provide excellent returns. Over the last three years, we have realized a capitalization rate of 15%, based on a sales price of $440,000. We can provide you with our Schedule E tax forms for up to six years (or more.) This vacation home has lots of room to increase revenue. As you may have heard, vacation home rentals have increased dramatically, and rental prices have increased on average 21% in the last year. We have not increased our base rate in four years. Over the years, we have rented the house by the week in the summer, our prime season, and have allowed shorter stays, usually 3 nights or more, in the spring and fall, plus holidays. We have discovered that there is a lot of potential for winter rentals as well, especially with Ski Roundtop so nearby. We haven’t tapped the full potential of winter season yet because we lived in the house ourselves for much of the winter for a change from our Susquehanna riverfront cottage in Dauphin where we live in the summer months. Nor have we marketed for longer stays of a month or more for business travelers or those who now work remotely. If you are interested, we would be happy to supply you with our figures year by year, including rental income, expenses, and tax statements. This property has been a tremendous success for us financially, and we have thoroughly enjoyed meeting the families who have come from far and wide to rent the house over these last twelve years. But first, take a look at the house on the VRBO website to read the reviews. If you purchase the home as a vacation rental, you will inherit these reviews for your website. https://www.vrbo.com/221868ha?noDates=true Want more information? Please contact us.