NOT LISTED FOR SALE

62 E Franklin St Ephrata, PA 17522

Ephrata Area
Studio
-- Baths
2,128 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date 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

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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

5,227 Sq Ft Lot

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Bright MLS

MLS Number: PALA2032798

Bright MLS
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