$1,185,000
$1,000,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
7,830 SqFt
SOLD DATE : 03/16/2022
Key Details
Sold Price $1,185,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,830 sqft
Price per Sqft $151
MLS Listing ID PALA2013126
Sold Date 03/16/22
Originating Board BRIGHT
Year Built 1905
Annual Tax Amount $10,351
Tax Year 2021
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 0.00 x 0.00
Property Description
Rare investment opportunity - 12 unit apartment building 9-1 bedroom units, 3 - 2 bedroom units plus public laundromat. All units have modern kitchens & baths, each unit has heat pump/central air with the exception of the basement apartment, individual electric meters for each unit. Inside access to units via common hallways. Recent upgrades include new balconies & paved parking lot. Currently all units are rented with the exception of Unit 12. Easy to rent, great rental history & some long term tenants. Gravel lot is rented to neighboring restaurant for $400 per month. Landlord pays water & sewer for the building. This property has a great cap rate and would make a wonderful addition to a rental portfolio. Current gross income is $111,480, the laundry is not being used to its full income potential. Total expenses including taxes $27,685.
Location
State PA
County Lancaster
Area East Cocalico Twp (10508)
Zoning COMMERCIAL
Interior
Hot Water Electric, Natural Gas
Heating Baseboard - Electric, Forced Air
Cooling Central A/C, Window Unit(s)
Flooring Carpet, Vinyl
Heat Source Electric
Exterior
Garage Spaces 18.0
Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available, Cable TV Available
Water Access N
Roof Type Rubber,Flat,Shingle
Accessibility None
Total Parking Spaces 18
Garage N
Building
Lot Description Corner, Level, Road Frontage
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cocalico
Others
Tax ID 080-63961-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Smoke Detector
Acceptable Financing Cash, Bank Portfolio
Listing Terms Cash, Bank Portfolio
Financing Cash,Bank Portfolio
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Carol Lehman • Hostetter Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "