$350,000
SOLD JUL 14, 2022
-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Recently Sold

11% Below List Price

15 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Doors swing in
  • Wood Flooring
  • Porch
  • 4-minute walk to Mayor Janice C Stork Corridor Park

About This Home

As of February 2024

Turn key operation with 4 units on N Mulberry. 1 bed, 1 bath apartments, fully occupied. HIgh walkability to downtown Lancaster, and especially Central Market. Electric panels are per unit and the tenant pays the utility. The heat is controlled on one thermostat and the owner pays the natural gas bill. Nice place to invest in and keep it churning. Bring any offer!

Last Agent to Sell the Property

Wendell Huyard

Coldwell Banker Realty License #RS298371 Listed on: 06/03/2022

Coldwell Banker Realty

Co-Listed By

Marlena Stoltzfus

Coldwell Banker Realty License #RS357542

Last Buyer's Agent

Wendell Huyard

Coldwell Banker Realty License #RS298371 Listed on: 06/03/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,075

Year Built

  • Built in 1880

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • Replacement Windows
  • Basement Fills Entire Space Under The House
  • Fire Escape
  • Stove

Flooring

  • Wood
  • Carpet
  • Vinyl

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Balcony
  • Porch

Schools

  • Mccaskey Campus High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, heat
  • Assessor Parcel Number 331-38256-0-0000

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $12,395
  • Net Operating Income $23,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,075

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: Turn key operation with 4 units on N Mulberry. 1 bed, 1 bath apartments, fully occupied. HIgh walkability to downtown Lancaster, and especially Central Market. Electric panels are per unit and the tenant pays the utility. The heat is controlled on one thermostat and the owner pays the natural gas bill. Nice place to invest in and keep it churning. Bring any offer!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove, Water Heater
  • Flooring Type: Vinyl, Carpet, Hardwood
  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 249

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • Roof: Rubber, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: SCHOOL DISTRICT OF LANCASTER
  • High School: MCCASKEY CAMPUS
  • High School Source: Listing Agent
  • School District Key: 300200397286
  • School District Source: Listing Agent
  • High School: MCCASKEY CAMPUS

Lot Info

  • Land Use Code: 513
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Outdoor Living Structures: Porch(es), Balcony
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: APARTMENTS

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Water, Sewer, Trash Collection, Heat
  • Total Actual Rent: 35400.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 1870.00
  • Tax Annual Amount: 3075.00
  • Assessor Parcel Number: 331-38256-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/14/2022

Multi Family

  • Operating Expense: 12395.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

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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
02/20/2024 02/20/24 Sold $417,000 +0.6% $213 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $414,500 +18.4% $211 / Sq Ft
07/14/2022 07/14/22 Sold $350,000 -11.4% --
06/18/2022 06/18/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $395,000 +101.6% --
03/20/2014 03/20/14 Sold $195,900 -12.9% $200 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
08/07/2013 08/07/13 For Sale $224,900 -- $229 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2019576

Bright MLS

APN: 331-38256-0-0000