NOT LISTED FOR SALE

156 Lancaster Ave Columbia, PA 17512

-- Bed
-- Bath
4,464 Sq Ft
0.54 Acres

Last Sold February 10, 2020

Last sale price $262,000 $59 Per Sq Ft

160 Days on Market

Highlights

  • 0.54 Acre Lot
  • Corner Lot
  • Ramp on the main level
  • Traditional Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of February 2020

Great two unit commercial property with room to add or subdivide. Restaurant has six years remaining on 15year lease and the church is on year lease but has been there 10 years. Good opportunity for 2 unit commercial investment property or could be owner occupy on one side. Parking in front and behind the building. Room to add commercial space, build apartments or make residential lots along the rear. See documents for income and expense detail. Net income $26,412 and restaurant pays first $1,000 of each repair and church pays first $300 of each repair so owner seldom has repair costs. Minimal management required.

Last Agent to Sell the Property

David Yoder

Realty ONE Group Unlimited License #RS176874L Listed on: 08/21/2019

Realty ONE Group Unlimited

Last Buyer's Agent

Jeffrey Zimmerman

Prime Home Real Estate, LLC License #AB069598

Prime Home Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936 | Remodeled in 1980

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 100 x 235
  • Corner Lot
  • Cleared Lot
  • Back Yard
  • Subdivision Possible

Home Design

  • 4,464 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Metal Roof
  • Stucco

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Accessible Home Design

  • Ramp on the main level

Schools

  • Columbia Junior-Senior Middle School
  • Columbia High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 110-52554-0-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1-Story Building

Building Details

  • Insurance Expense $1,575
  • Operating Expense $10,188
  • Gross Income $36,600
  • Net Operating Income $26,412

Property Details

Home Type

Multi-Family

Year Built

Built in 1936 | Remodeled in 1980

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • Exclusions: All items owned by tenants, restaurant equipment
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1936
  • Year Renovated: 1980
  • Remarks Public: Great two unit commercial property with room to add or subdivide. Restaurant has six years remaining on 15year lease and the church is on year lease but has been there 10 years. Good opportunity for 2 unit commercial investment property or could be owner occupy on one side. Parking in front and behind the building. Room to add commercial space, build apartments or make residential lots along the rear. See documents for income and expense detail. Net income $26,412 and restaurant pays first $1,000 of each repair and church pays first $300 of each repair so owner seldom has repair costs. Minimal management required.
  • Special Features: None

Interior Features

  • Interior Amenities: Store/Office
  • Total Sq Ft: 4464
  • Living Area Sq Ft: 4464
  • Price Per Sq Ft: 63.84
  • Above Grade Finished Sq Ft: 4464
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 156

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Block, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Metal, Rubber
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 30
  • Parking Features: Paved Parking, Unassigned
  • Total Garage And Parking Spaces: 30
  • Type Of Parking: On Street, Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available, Sewer Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: COLUMBIA BOROUGH
  • Middle School: COLUMBIA JUNIOR-SENIOR
  • High School: COLUMBIA
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397373
  • School District Source: Listing Agent
  • High School: COLUMBIA
  • Middle Or Junior School: COLUMBIA JUNIOR-SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 153500.00
  • Land Assessed Value: 81000.00
  • Land Use Code: 579
  • Lot Features: Cleared, Rear Yard, Road Frontage, Subdivision Possible
  • Lot Size Acres: 0.54
  • Lot Dimensions: 100 x 235
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23522.00
  • Year Assessed: 2020
  • Zoning: DOWNTOWN COMMERCIAL
  • Zoning Description: Currently commercial rental - church & restaurant ok for residential/apartments, retail, personal service, school, group home.

Rental Info

  • Existing Lease Type: Long Term, Double Net, Yearly
  • Owner Pays: Insurance, Taxes - Real Estate
  • Total Actual Rent: 36600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3994604
  • School Tax: 6205.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8763.00
  • Assessor Parcel Number: 110-52554-0-0000
  • Tax Total Finished Sq Ft: 4464
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 02/10/2020

Multi Family

  • Gross Income: 36600.00
  • Gross Scheduled Income: 36600.00
  • Operating Expense: 10188.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: COLUMBIA BOROUGH

Range of Values:

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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 Change Sq Ft Price
02/10/2020 02/10/20 Sold $262,000 -8.1% $59 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
10/29/2019 10/29/19 Price Changed $285,000 -5.0% $64 / Sq Ft
08/21/2019 08/21/19 For Sale $300,000 -- $67 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Yoder

    Seller's Agent in 2020

    David Yoder

    Realty ONE Group Unlimited

    (717) 898-3883

    14 Total Sales

    Section Image
  • Jeffrey Zimmerman

    Buyer's Agent in 2020

    Jeffrey Zimmerman

    Prime Home Real Estate, LLC

    (717) 405-5748

    6 in this area

    372 Total Sales

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Map

Source: Bright MLS

MLS Number: PALA138802

Bright MLS

Pennsylvania Lancaster County Columbia 17512

156 Lancaster Ave, Columbia, PA

This home is located at 156 Lancaster Ave, Columbia, PA 17512 since 21 August 2019. This property was built in 1936. 156 Lancaster Ave is a home located in Lancaster County with nearby schools including Columbia Middle School, Columbia Junior/Senior High School, and Our Lady of the Angels School.

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