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Key Details
Sold Price $755,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,546 sqft
Price per Sqft $166
Subdivision James St Improvement Dist
MLS Listing ID PALA2041776
Sold Date 11/30/23
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $5,879
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Five Or More Units
Property Description
This 5 unit multifamily rental home is a beautiful investment you can be proud of while producing excellent rental income. Winner of the historic preservation trust award for its 2013 renovation, this property shines.
Wonderful location within walking distance to restaurants, LGH, and central market. Each unit boasts individual HVAC, vinyl plank flooring, exposed brick walls, stainless appliances and granite countertops.
Secured access via electronic key fobs (with a hard key backup on common spaces) and lockout system in place,
A shared courtyard provides common space for building residents, who take care of their units well and show pride in their rental home. Gross rental income of $79,800 annually with consistent increases.
Fire monitoring in place and the property is professionally managed by Magnolia Lane Properties. Management company willing to continue providing management services.
Minimum of 24 hours notice required for showings.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning MULTI-FAMILY
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment None
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available, Natural Gas Available, Electric Available
Water Access N
Roof Type Asphalt,Rubber
Accessibility None
Garage N
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Tax ID 336-59615-0-0000
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Ken Kirchoff • Berkshire Hathaway HomeServices Homesale Realty