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Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,452 sqft
Price per Sqft $168
MLS Listing ID PALA2035588
Sold Date 06/30/23
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $9,936
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Five Or More Units
Property Description
Welcome to this exceptional investment opportunity located in the heart of Chestnut Hill. It is ideal for savvy investors to add a valuable asset to their portfolio with its five 1 BR 1 bath units. Each unit within this well-maintained building has recently been renovated and updated to offer comfortable living space to those seeking a cozy and functional space. The common area are equally impressive, showcasing meticulous attention to detail. The entryways and the hallways, are well-maintained and created a welcoming atmosphere for tenants. The shared backyard offers a space to relax and have a quiet time with neighbors. There is also a space for potential 2 off street parkings. This property boasts a strong rental history , reflecting its desirability and appeal to potential tenants. Its proximity to downtown Lancaster, Central market, Fulton Theatre and many restaurants and cafes, makes this vibrant community highly desirable for tenants, enhancing the property's long term investment potential. With its strong rental income and exceptional location, 635 W Chestnut St is an excellent opportunity for investors to maximize their returns. Contact us today to schedule a private viewing and explore the potential that this investment property holds.
Income/expense sheet available in document tab.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R4
Interior
Hot Water Electric
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Metal
Accessibility 2+ Access Exits
Total Parking Spaces 2
Garage N
Building
Lot Description Corner
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with David W Yoder • Realty ONE Group Unlimited