$507,000
$525,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
2,325 SqFt
SOLD DATE : 12/01/2022
Key Details
Sold Price $507,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,325 sqft
Price per Sqft $218
MLS Listing ID PALA2018638
Sold Date 12/01/22
Style Other
Abv Grd Liv Area 2,325
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,307
Tax Year 2022
Lot Size 6,534 Sqft
Acres 0.15
Property Description
OWNERS WILL CONSIDER HOLDING BUYER FINANCING!!! After purchasing this former Tobacco Drying Barn, built in 1900, the current owners got approval from the Borough of Adamstown to convert the entire second floor of the building, into one 1700 Square foot Luxury Owner's Quarters/Apartment, which now boasts an open floor plan, with manufactured wood flooring, 2 bedrooms and two full bathrooms, laundry area, living room, and a magnificent gourmet kitchen, with a granite eating peninsula that seats 8, stainless steel appliances, natural gas 5 burner cooktop range/oven with built in microwave and three door refrigerator. The owners bath is large and private, with a 5 foot glass and tile shower stall, with twin Corian vanities. Comparable Lancaster County flats bring in rents in the $2350-$2650 range. This apartment is currently owner occupied and will be vacated upon settlement. Owner also have access to a full attic, as well as a full basement for storage. Basement can also be used for a coin operated laundry if the future owners would like to do so. The 1st Floor apartments are a one bedroom, one bath flat, and the other is a two bedroom, one bath flat that were also renovated at the time of purchase. Both are fully occupied, with year leases, at $715 and $1050 respectively. First floor tenants pay their own heat & electric. Owner pays their water and sewer. Tenant currently do laundry off site. Both first floor apartments are under rented at this point. The building has a 100 year raised seem tin roof with vinyl siding, and there is a 6 car parking lot in the rear, with 2 designated parking spaces for each unit. This property is in excellent condition and can be a money maker for an owner/occupant or investor for years to come.
Location
State PA
County Lancaster
Area Adamstown Boro (10501)
Zoning HIGHWAY COMMERCIAL
Rooms
Basement Daylight, Full
Interior
Interior Features Ceiling Fan(s), Attic, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stall Shower, Studio, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Hot Water Electric
Heating Forced Air, Radiant
Cooling Central A/C, Ceiling Fan(s), Window Unit(s)
Flooring Engineered Wood
Equipment Built-In Microwave, Dishwasher, Oven/Range - Gas, Oven/Range - Electric, Range Hood, Refrigerator
Fireplace N
Appliance Built-In Microwave, Dishwasher, Oven/Range - Gas, Oven/Range - Electric, Range Hood, Refrigerator
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Deck(s)
Garage Spaces 6.0
Utilities Available Above Ground, Cable TV
Waterfront N
Water Access N
Roof Type Metal
Street Surface Black Top
Accessibility None
Porch Deck(s)
Road Frontage Boro/Township
Parking Type Parking Lot, Off Street
Total Parking Spaces 6
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Cocalico
Others
Tax ID 010-14464-0-0000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Tricia M Bubel • RE/MAX Of Reading
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "