$180,000
SOLD SEP 19, 2019

26 Willow St Adamstown, PA 19501

-- Bed
-- Bath
2,325 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$77 Per Sq Ft

18% Below List Price

94 Days on Market

About This Home

As of December 2022

Fantastic investment opportunity - 4 or 5 unit building, currently 3 unit with 2 additional units ready to be finished water & electric in both unfinished units, they are gutted and ready for construction, permits pulled and approved, water sewer permit obtained. All units with two exits, high ceilings in 1st & 2nd floor, 3rd floor would make great storage units for tenants, attic has sprayed insulation, there are 9 parking spaces. Convenient location to Lancaster & Reading. Unit 1, 2 BR $675, year lease Unit 2, 1 BR $675, year lease Unit 3 1 BR (projected rent) $700,Unit 4 1 BR $535, month to month Unit 5 2 BR (projected rent) $750 Current Rents could be improved with some updating.

Last Agent to Sell the Property

Wendy Stauffer

Kingsway Realty - Ephrata License #RS203936L Listed on: 04/02/2019

Last Buyer's Agent

Dave Decembrino

RE/MAX Of Reading License #RS223349L

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,307

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Home Design

  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Natural lighting in basement
  • Fire Escape

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, common area maintenance, insurance, repairs, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 010-14464-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Vacant Units
  • Income includes laundry
  • Insurance Expense $2,200
  • Other Expense $3,540
  • Trash Expense $900
  • Gross Income $21,420
  • Net Operating Income $12,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,307

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 3540.00
  • Year Built: 1900
  • Remarks Public: Fantastic investment opportunity - 4 or 5 unit building, currently 3 unit with 2 additional units ready to be finished water & electric in both unfinished units, they are gutted and ready for construction, permits pulled and approved, water sewer permit obtained. All units with two exits, high ceilings in 1st & 2nd floor, 3rd floor would make great storage units for tenants, attic has sprayed insulation, there are 9 parking spaces. Convenient location to Lancaster & Reading. Unit 1, 2 BR $675, year lease Unit 2, 1 BR $675, year lease Unit 3 1 BR (projected rent) $700,Unit 4 1 BR $535, month to month Unit 5 2 BR (projected rent) $750 Current Rents could be improved with some updating.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 4650
  • Living Area Sq Ft: 2325
  • Price Per Sq Ft: 94.62
  • Above Grade Finished Sq Ft: 2325
  • Above Grade Unfinished Sq Ft: 775
  • Below Grade Sq Ft: 1550
  • Total Below Grade Sq Ft: 1550
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 26

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Fire Escape
  • Roof: Metal
  • 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: 9
  • Total Garage And Parking Spaces: 9
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: COCALICO
  • School District Key: 300200397416
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 117700.00
  • Land Assessed Value: 62300.00
  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6534.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: HIGHWAY COMMERCIAL

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Advertising/Licenses And Permits, Common Area Maintenance, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3974782
  • School Tax: 3415.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4307.00
  • Assessor Parcel Number: 010-14464-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 09/19/2019

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 22200.00
  • Gross Scheduled Income: 21420.00
  • Income Includes: Laundry

MLS Schools

  • School District Name: COCALICO

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
12/01/2022 12/01/22 Sold $507,000 -3.4% $218 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $525,000 -6.2% $226 / Sq Ft
05/19/2022 05/19/22 For Sale $559,900 +211.1% $241 / Sq Ft
09/19/2019 09/19/19 Sold $180,000 -18.2% $77 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $220,000 -- $95 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Liz Egner

    Seller's Agent in 2022

    Liz Egner

    RE/MAX of Reading

    (610) 656-9426

    230 Total Sales

    Section Image
  • Tricia Bubel

    Buyer's Agent in 2022

    Tricia Bubel

    RE/MAX of Reading

    (484) 955-8018

    186 Total Sales

    Section Image
  • Wendy Stauffer

    Seller's Agent in 2019

    Wendy Stauffer

    Kingsway Realty - Ephrata

    (717) 587-7006

    516 Total Sales

    Section Image
  • Dave Decembrino

    Buyer's Agent in 2019

    Dave Decembrino

    RE/MAX of Reading

    (610) 656-9427

    202 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PALA129594

Bright MLS

Pennsylvania Lancaster County Adamstown 17569

26 Willow St, Adamstown, PA

This home is located at 26 Willow St, Adamstown, PA 19501 and is currently priced at $180,000, approximately $77 per square foot. This property was built in 1900. 26 Willow St is a home located in Lancaster County with nearby schools including Cocalico Senior High School, Gehmans Mennonite School, and Trostle Hill School.

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