NOT LISTED FOR SALE

438 E King St Lancaster, PA 17602

Stevens Neighborhood
-- Bed
-- Bath
8,019 Sq Ft
10,454 Sq Ft Lot

Last Sold October 21, 2020

Last sale price $652,500 $81 Per Sq Ft

51 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • Radiator
  • Traditional Architecture

About This Home

As of October 2020

Fully occupied side by side 5 & 6 unit buildings with excellent cash flow. 11 total residential units featuring 4 efficiencies, 5 one bedrooms, 1 two bedroom, and 1 three bedroom apartment. Quick and easy access to downtown, bus routes, and all amenities. See documents for investment analysis.

Last Agent to Sell the Property

Calvin Yoder

(717) 413-0744 calyoder@kw.com Keller Williams Elite License #RM423455 Listed on: 07/07/2020

Keller Williams Elite

Last Buyer's Agent

Courtney Longenecker

(717) 405-9554 courtney.longenecker@cbhomes.com Keller Williams Elite License #RS347971

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,489

Year Built

  • Built in 1875

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 8,019 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire Escape

Utilities

  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, gas, heat, insurance, pest control, repairs, sewer, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 337-66622-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lancaster City Ward 7 Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $3,897
  • Maintenance Expense $9,156
  • Trash Expense $2,995
  • Operating Expense $40,136
  • Gross Income $91,560
  • Net Operating Income $52,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,489

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Unit Refrigerators, Ranges
  • New Construction: No
  • Year Built: 1875
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Poured Concrete, Unfinished
  • Total Sq Ft: 8019
  • Living Area Sq Ft: 8019
  • Price Per Sq Ft: 84.18
  • Above Grade Finished Sq Ft: 8019
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Fire Escape
  • Roof: Flat, Rubber
  • 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: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Pest Control Expense: 2226.00
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 272600.00
  • Land Assessed Value: 69700.00
  • Lot Size Acres: 0.24
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10454.40
  • Property Condition: Good
  • Zoning: COMMERCIAL - APARTMENTS

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 5
  • Owner Pays: Advertising/Licenses And Permits, Gas, Heat, Insurance, Pest Control, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 10
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 4065277
  • School Tax: 7487.00
  • Tax Annual Amount: 12489.00
  • Assessor Parcel Number: 337-66622-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 91560.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 40136.00
  • Other Units: Unit 1,Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 Prior Sale
10/21/2020 10/21/20 Sold $652,500 -3.3% $81 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $675,000 +64.6% $84 / Sq Ft
12/28/2016 12/28/16 Sold $410,000 -6.8% $257 / Sq Ft View Prior Sale
11/10/2016 11/10/16 Pending -- -- --
11/10/2016 11/10/16 For Sale $440,000 -- $276 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Calvin Yoder

    Seller's Agent in 2020

    Calvin Yoder

    Keller Williams Elite

    (717) 413-0744

    1 in this area

    238 Total Sales

    Calvin Yoder
    Section Image
  • Courtney Longenecker

    Buyer's Agent in 2020

    Courtney Longenecker

    Keller Williams Elite

    (717) 405-9554

    3 in this area

    62 Total Sales

    Courtney Longenecker
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PALA166136

Bright MLS

APN: 337-66622-0-0000

Pennsylvania Lancaster County Lancaster 17602 Stevens

438 E King St, Lancaster, PA

Not Listed for Sale

MultiFamily

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