NOT LISTED FOR SALE
Studio
-- Bath
3,540 Sq Ft
1,742 Sq Ft Lot Lot

Sale Details

Date Sold: September 24, 2020

Last sale price $617,300 $174 Per Sq Ft

1 Day on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 4-minute walk to Steinman Park

About This Home

As of September 2020

Prime location retail space across from parking lot and next door to the Ware Center/ 1st floor retail space with 3 apartments above/ 1st floor completely remodeled and leased to specialty dessert and coffee shop with indoor and outdoor seating/ 2 of 3 apartments recently remodeled/ New 3 phase electric/ 1 gas boiler heats all 4 units/ Retail space also has newer heat pump and central air/ Although all 4 units have separate electric meters,1st floor and unit 1 apartment are both gross leases with LL paying all utilities/ The other 2 units pay their own electric but LL pays the other utilities/ Call for details and APOD

Last Agent to Sell the Property

Timothy Shreiner

(717) 560-9100 shreinergroup@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS187003L Listed on: 07/16/2020

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Corinn Kirchner

(717) 394-3374 corinn@ppmproperties.com PPM Real Estate, Inc. License #RM425642

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,352

Year Built

  • Built in 1880 | Remodeled in 2017

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Masonry

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Side Basement Entry

Schools

  • Robert Fulton Elementary School
  • John F Reynolds Middle School
  • Mccaskey Campus High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Radiant Heating System
  • Hot Water Heating System
  • Three-Phase Power
  • 200+ Amp Service
  • 100 Amp Service
  • Multi-Tank Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 331-17317-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lancaster City Ward 1 Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, shop rentals
  • Insurance Expense $4,626
  • Maintenance Expense $1,474
  • Other Expense $7,213
  • Trash Expense $1,833
  • Operating Expense $24,823
  • Gross Income $68,400
  • Net Operating Income $43,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,352

Year Built

Built in 1880 | Remodeled in 2017

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Over Storefront
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: FF&E in first floor belong to tenant
  • New Construction: No
  • Other Expense: 7213.00
  • Year Built: 1880
  • Year Renovated: 2017
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Carpet, Laminated
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Side Entrance, Walkout Level
  • Total Sq Ft: 4860
  • Living Area Sq Ft: 3540
  • Price Per Sq Ft: 177.94
  • Above Grade Finished Sq Ft: 3540
  • Below Grade Sq Ft: 1320
  • Total Below Grade Sq Ft: 1320
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Roof: Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: 200+ Amp Service, 3 Phases, 100 Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Heat Pump(s), Radiant, Hot Water
  • Heating: Yes
  • Hot Water: Electric, Multi-Tank
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: ROBERT FULTON
  • High School: MCCASKEY CAMPUS
  • Middle Or Junior School: JOHN F REYNOLDS

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Very Good
  • Zoning: CBD
  • Zoning Description: Central Business District , Res/Multi-Family

Rental Info

  • Existing Lease Type: Gross, Long Term, Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 68400.00
  • Units Leased Count: 4
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • School Tax: 5649.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 9352.00
  • Assessor Parcel Number: 331-17317-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Gross Scheduled Income: 68400.00
  • Income Includes: Apartment Rentals, Shop Rentals
  • Operating Expense: 24823.00
  • 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 List to Sale Price per Sq Ft Prior Sale
09/24/2020 09/24/20 Sold $617,300 -2.0% $174 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $629,900 +34.3% $178 / Sq Ft
05/15/2017 05/15/17 Sold $469,000 -1.3% $117 / Sq Ft View Prior Sale
03/10/2017 03/10/17 Pending -- -- --
11/18/2016 11/18/16 For Sale $475,000 -- $118 / Sq Ft
Source: Bright MLS

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA166464

Bright MLS
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