NOT LISTED FOR SALE
Studio
-- Bath
5,092 Sq Ft
10,060 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $471,000 $92 Per Sq Ft

5 Days on Market

Highlights

  • 0.23 Acre Lot
  • 2 Car Detached Garage
  • Hot Water Heating System
  • 1 Fireplace

About This Home

As of September 2023

THIS IS A 6 UNIT. Unique Income Producing Property offers 4 tax parcels all on one deed! Featuring 6 rented dwelling units and 2 separate garages with large storage/workshop space to provide a steady flow of income for investors. Each tenant pays their own electric and gas. Owner pays taxes, insurance, W/S/T & common electric. 814 6th St. is a 2 unit, 2 story with a detached 1 car garage & enormous storage/workshop. The 1st floor studio ($680 mtm) and 2nd floor 1 BR ($625 1 Year), both have electric BB heat. The detached side garage is not currently rented but will provide nice additional income or the new owner can use as their own storage space. 816 6th street is a 1 BR/studio with new water heater. ($650 mtm). The final 2 parcels feature 2.5 story brick duplexes with gas heat. 818 6th St (Left Side multi-unit) 1st floor is currently used as a 2BR ($780 mtm) & 2nd floor w/finished attic ($780 mtm). 820 6th St (Right Side-Single Family Home) is a spacious 3 BR/1 BA home with a partially finished basement, 2nd full bathroom and off-street parking. ($975 mtm – In addition to the electric and gas, this tenant also pays their own water/sewer.) To the rear of the property is a very large detached garage that has its own electric, commode and sink. ($600 mtm). This expansive property must be sold together as the garage/storage buildings flow between parcels and are on one deed. Lots of great income potential with this investment property! The seller has owned the property since 1994 and many of the tenants are long time renters. Convenient to shopping, downtown and bus routes. (Tax Parcels: 338-9967300000 / 338-9767500000/ 338-9567600000 / 338-9347800000). Taxes on MLS reflect all properties combined. See info under documents for Income/Expense info.

Last Agent to Sell the Property

Jennifer Figlio

(717) 917-5490 jfiglio@whrealestate.com Howard Hanna Real Estate Services - Lancaster License #RS295941 Listed on: 07/06/2023

Howard Hanna Real Estate Services - Lancaster

Last Buyer's Agent

Jennifer King

(717) 723-9080 jenniferking.realtor@gmail.com RE/MAX Evolved License #AB066598

RE/MAX Evolved

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,060 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Combination Foundation
  • Stick Built Home

Interior Spaces

  • 1 Fireplace
  • Basement

Utilities

  • Radiator
  • Hot Water Heating System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for real estate taxes, sewer, insurance, water, trash collection
  • Assessor Parcel Number 338-/996730000/9767500000/9567600000/9347800000

Community Details

Overview

  • 4 Units
  • West End Of City Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $3,324
  • Maintenance Expense $3,054
  • Other Expense $5,523
  • Trash Expense $1,702
  • Net Operating Income $26,946

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: ALL Tenants personal property
  • Historic: No
  • Inclusions: Refrigerators & stove/range
  • New Construction: No
  • Other Expense: 5523.00
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Combination
  • Total Sq Ft: 5092
  • Living Area Sq Ft: 5092
  • Price Per Sq Ft: 104.81
  • Above Grade Finished Sq Ft: 4532
  • Below Grade Finished Sq Ft: 560
  • Total Below Grade Sq Ft: 560
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Brick, Stick Built
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Previous Twelve Months Electric Expense: 1454.00
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10060.00
  • Zoning: RESIDENTIAL R-3

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 5
  • Owner Pays: Taxes - Real Estate, Sewer, Insurance, Water, Trash Collection
  • Total Actual Rent: 61080.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • School Tax: 7830.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 13043.00
  • Assessor Parcel Number: 338-/996730000/9767500000/9567600000/9347800000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
09/29/2023 09/29/23 Sold $471,000 -0.8% $92 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $475,000 -- $93 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,759 $95,000 $28,400 $66,600
2024 $3,759 $95,000 $28,400 $66,600
2023 $3,542 $95,000 $28,400 $66,600
2022 $3,542 $95,000 $28,400 $66,600
2021 $3,466 $95,000 $28,400 $66,600
2020 $3,466 $95,000 $28,400 $66,600
2019 $3,414 $95,000 $28,400 $66,600
2018 $2,026 $95,000 $28,400 $66,600
2017 $3,505 $76,300 $26,300 $50,000
2016 $3,473 $76,300 $26,300 $50,000
2015 $1,355 $76,300 $26,300 $50,000
2014 $3,031 $76,300 $26,300 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2037366

Bright MLS

APN: 338-99673-0-0000