NOT LISTED FOR SALE

44 Lancaster Ave Ephrata, PA 17522

Studio
-- Bath
4,800 Sq Ft
17,860 Sq Ft Lot

Sale Details

Date Sold: January 31, 2019

Last sale price $375,000 $78 Per Sq Ft

248 Days on Market

Highlights

  • Colonial Architecture
  • Central Air
  • Level Lot
  • No HOA
  • Electric Baseboard Heater
  • Carpet

About This Home

As of January 2019

Premium Ephrata location for this 4 unit building, just steps to Ephrata Hospital and minutes to major roadways, local shopping & more. 1st floor was previously a 2,400 sq.ft. doctor's office w/waiting area, check-in desk, kitchenette/storage area, 2 powder rooms, several offices/patient rooms & heat pump and central air. 3 apartments are on the 2nd floor with electric baseboard heat. Basement plus plenty of off street parking. An excellent investment opportunity!

Last Agent to Sell the Property

Jason Kline

(717) 733-4777 lynn@kingswayrealty.com Kingsway Realty - Ephrata License #RM423904 Listed on: 05/04/2018

Last Buyer's Agent

Jennifer King

(717) 509-2880 info@rmevolved.com RE/MAX Evolved License #AB066598

RE/MAX Evolved

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,275

Year Built

  • Built in 1984

Lot Details

  • 17,860 Sq Ft Lot
  • Level Lot

Home Design

  • 4,800 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Traditional Architecture
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Kitchen

  • Built-In Range

Flooring

  • Carpet
  • Vinyl

Parking

  • Paved Parking
  • Parking Lot

Schools

  • Ephrata Middle School
  • Ephrata High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for lawn/shrub care, management, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 260-53298-0-0000

Community Details

Overview

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

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, professional offices
  • Insurance Expense $1,511
  • Maintenance Expense $6,956
  • Trash Expense $860
  • Operating Expense $1,296
  • Net Operating Income $39,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,275

Year Built

Built in 1984

Lot Details

0.41 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1984
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Built-In Range, Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Fireplace: No
  • Basement: Yes
  • Total Sq Ft: 4800
  • Living Area Sq Ft: 4800
  • Price Per Sq Ft: 87.48
  • Above Grade Finished Sq Ft: 4800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Sidewalks
  • Road Surface Type: Paved
  • Roof: Shingle
  • 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
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: EPHRATA
  • Middle Or Junior School: EPHRATA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Level, Sloping
  • Lot Size Acres: 0.41
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17860.00
  • Zoning: HCD
  • Zoning Description: Highway Commercial

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Owner Pays: Lawn/Shrub Care, Management, Sewer, Snow Removal, Trash Collection, Water
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4025268
  • School Tax: 6487.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8275.00
  • Assessor Parcel Number: 260-53298-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 47280.00
  • Income Includes: Apartment Rentals, Professional Offices
  • Operating Expense: 1296.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: EPHRATA AREA
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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
01/31/2019 01/31/19 Sold $375,000 -10.7% $78 / Sq Ft
01/07/2019 01/07/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $419,900 +12.0% $87 / Sq Ft
01/01/2019 01/01/19 Off Market $375,000 -- --
10/24/2018 10/24/18 Price Changed $419,900 -6.7% $87 / Sq Ft
05/04/2018 05/04/18 For Sale $449,900 -- $94 / Sq Ft
Source: Bright MLS

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Map

Source: Bright MLS

MLS Number: 1000487340

Bright MLS
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