NOT LISTED FOR SALE
Studio
-- Bath
4,000 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: June 21, 2022

Last sale price $330,000 $82 Per Sq Ft

9 Days on Market

Highlights

  • 0.2 Acre Lot
  • Balcony
  • Patio
  • Breakfast Area or Nook
  • Cooling System Mounted In Outer Wall Opening
  • 3-minute walk to Albemarle Park

About This Home

As of June 2022

What an awesome investment opportunity to own your very own apartment building! Four Unit fully rented apartment building that has been extremely well maintained. Each unit has 2 bedrooms, 1 bathroom, kitchen, Dining room and large living. 2 Lower levels have outside patio, 2 Upper level units have balconies. Building features, 2 stairways, 7 car parking lot, utility basement that offer storage space and washer and dryer hook ups for up level units. Each lower level has their own laundry hook up. Several Long Term tenants
2 parking spots are rented as well. So many incoming producing options that you must check this one out today!

Last Agent to Sell the Property

Kimberly Burton

(717) 797-2777 ironvalleyhanover@gmail.com Iron Valley Real Estate Hanover License #RS314051 Listed on: 04/28/2022

Iron Valley Real Estate Hanover

Last Buyer's Agent

Tony White

(717) 757-7811 twhite@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS334743

Berkshire Hathaway HomeServices Homesale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,629 Sq Ft Lot
  • Downtown Location
  • Level Lot
  • Cleared Lot
  • Front Yard
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Combination Dining and Living Room
  • Carpet
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • Rented or Permit Required

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, lawn/shrub care, management, repairs, sewer, snow removal, trash collection, water
  • Tax Lot 0008
  • Assessor Parcel Number 12-387-12-0008-00-00000

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals, parking
  • Insurance Expense $1,830
  • Maintenance Expense $3,603
  • Other Expense $600
  • Trash Expense $1,320
  • Gross Income $36,000
  • Net Operating Income $17,416

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

8,629 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants personal items including their washers and dryers
  • New Construction: No
  • Other Expense: 600.00
  • Year Built: 1976
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet
  • Interior Amenities: Ceiling Fan(s), Breakfast Area, Carpet, Combination Dining/Living
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 4200
  • Living Area Sq Ft: 4000
  • Price Per Sq Ft: 81.25
  • Above Grade Finished Sq Ft: 4000
  • Below Grade Sq Ft: 200
  • Total Below Grade Sq Ft: 200
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Block, Aluminum Siding
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Rented/Permit Required
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Parking Lot, Off Street, On Street
  • Parking Lot Number Of Spaces: 7

Utilities

  • Refuse: 1320.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Previous Twelve Months Electric Expense: 268.00
  • Electric Service: Circuit Breakers, 200+ Amp Service
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 1178.00
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared, Front Yard, Level
  • Lot Size Acres: 0.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8629.00
  • Outdoor Living Structures: Patio(s), Balcony
  • Property Condition: Excellent
  • Zoning: APARTMENT

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Management, Repairs, Sewer, Snow Removal, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 36000.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10778219
  • School Tax: 5077.00
  • Tax Annual Amount: 8741.00
  • Assessor Parcel Number: 12-387-12-0008-00-00000
  • Tax Lot: 0008
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Income Includes: Apartment Rentals, Parking
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: YORK CITY
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2022 06/21/22 Sold $330,000 +1.5% $83 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $325,000 -- $81 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,947 $141,610 $44,300 $97,310
2024 $8,792 $141,610 $44,300 $97,310
2023 $8,792 $141,610 $44,300 $97,310
2022 $8,741 $141,610 $44,300 $97,310
2021 $8,500 $141,610 $44,300 $97,310
2020 $8,299 $141,610 $44,300 $97,310
2019 $8,285 $141,610 $44,300 $97,310
2018 $8,285 $141,610 $44,300 $97,310
2017 $8,396 $141,610 $44,300 $97,310
2016 -- $141,610 $44,300 $97,310
2015 $8,302 $141,610 $44,300 $97,310
2014 $8,302 $141,610 $44,300 $97,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAYK2021242

Bright MLS
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