NOT LISTED FOR SALE

62 E Franklin St Ephrata, PA 17522

Studio
-- Bath
2,128 Sq Ft
5,227 Sq Ft Lot

Last Sold May 17, 2023

Last sale price $300,000 $141 Per Sq Ft

7 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • 4-minute walk to Ephrata Linear Park
  • 4 Car Detached Garage

About This Home

As of May 2023

Calling all investors. Are you ready for your next multi unit? This 2 unit is made of two side by side 3 bedroom units and a 2 car garage. It is fully rented with tenants paying all of there own utilities. It currently caps 8%. Schedule your showing today.

Last Agent to Sell the Property

Kim Latshaw

(717) 256-3336 kim@focusrealtypa.com Focus Realty LLC License #RM424017 Listed on: 03/30/2023

Last Buyer's Agent

Lynn Zimmerman

(717) 569-8701 lynn@kingswayrealty.com Kingsway Realty - Lancaster License #RM425545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,730

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Metal Siding

Interior Spaces

  • 2,128 Sq Ft Home
  • Partial Basement

Schools

  • Ephrata Middle School
  • Ephrata High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Assessor Parcel Number 260-00427-0-0000

Community Details

Overview

  • 3 Units

Building Details

  • Income includes apartment rentals, parking
  • Insurance Expense $528
  • Gross Income $30,120
  • Net Operating Income $25,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,730

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: (2) Refrigerators, (2) stoves, (1) dishwasher
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Partial
  • Total Sq Ft: 2128
  • Living Area Sq Ft: 2128
  • Price Per Sq Ft: 152.73
  • Above Grade Finished Sq Ft: 2128
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Metal Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: 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

  • Improvement Assessed Value: 122400.00
  • Land Assessed Value: 40500.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5227.00
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Insurance, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 30120.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4022700
  • School Tax: 2969.00
  • Tax Annual Amount: 3730.00
  • Assessor Parcel Number: 260-00427-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Gross Income: 30120.00
  • Gross Scheduled Income: 30120.00
  • Income Includes: Apartment Rentals, Parking
  • Other Units: Unit 1,Unit 2,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
05/17/2023 05/17/23 Sold $300,000 -7.7% $141 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $325,000 -- $153 / Sq Ft
Source: Bright MLS

Agents Affiliated with this Home

  • Kim Latshaw

    Seller's Agent in 2023

    Kim Latshaw

    Focus Realty LLC

    (717) 341-5081

    25 in this area

    49 Total Sales

    Kim Latshaw
    Section Image
  • Lynn Zimmerman

    Buyer's Agent in 2023

    Lynn Zimmerman

    Kingsway Realty - Lancaster

    (223) 216-2149

    27 in this area

    95 Total Sales

    Lynn Zimmerman
    Section Image
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Map

Source: Bright MLS

MLS Number: PALA2032798

Bright MLS
Pennsylvania Lancaster County Ephrata 17522

62 E Franklin St, Ephrata, PA

Not Listed for Sale

MultiFamily

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