$426,500
$426,500
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2,650 SqFt
SOLD DATE : 08/30/2023
Key Details
Sold Price $426,500
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,650 sqft
Price per Sqft $160
Subdivision Musser Park
MLS Listing ID PALA2036334
Sold Date 08/30/23
Style Traditional
Abv Grd Liv Area 2,650
Originating Board BRIGHT
Year Built 1780
Annual Tax Amount $6,446
Tax Year 2022
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 0.00 x 0.00
Property Description
FIVE LICENSED UNITS WITH A CONVENIENT CENTER-CITY LOCATION, 7 Doors from MUSSER PARK !! Seller has had ownership for over 44 years. Three one-bedroom units, 1 efficiency, & a room w/bath & kitchenette. Units 3 & 5 have been occupied by same tenants for 25+ years. 1st fl. Unit now rented for $950.00 beginning July 1st. Second fl. is newly renovated & should rent for $900.00/mo. -current owner prefers the new owner select the new tenant. Home has an interesting history - Franklin College occupied 109-117 N. Lime St. from 1839 until their merger with Marshall College in 1854. Charles Demuth was born & lived at 109 N. Lime St. for approximately 6 years until his family relocated to the 100 Block of E. King St. and John Weiss, balloonist, also resided at 109 N. Lime in the mid-19th century. Full Lancaster Code inspection including lead paint abatement completed June 1. 2023. Leases are 1 yr. term - Unit 1 lease expires July 1, 2024, Unit 2 is currently vacant, Unit 3 lease expires 8/31/23, Unit 4 lease expires 12/30/23, and Unit 5 lease expires 7/31/23.
**PLEASE NOTE! INTERESTED BUYERS ARE ENCOURAGED TO ATTEND AN OPEN HOUSE BEING HELD THIS WEDNESDAY, JUNE 14TH, 2023 FROM 04:30 PM UNTIL 07:00 PM. NO SHOWINGS BY APPT. - OPPORTUNITIES TO SEE THIS PROPERTY WILL BE ONLY IN OPEN HOUSES !
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning MULTI USE
Rooms
Basement Full
Interior
Interior Features Soaking Tub, Tub Shower
Hot Water Natural Gas
Heating Baseboard - Electric, Radiant
Cooling None
Flooring Carpet, Hardwood, Vinyl
Equipment Oven - Single, Oven/Range - Electric, Refrigerator, Water Heater
Fireplace N
Appliance Oven - Single, Oven/Range - Electric, Refrigerator, Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Balcony, Porch(es)
Utilities Available Cable TV
Waterfront N
Water Access N
Accessibility None
Porch Balcony, Porch(es)
Road Frontage City/County
Parking Type Off Site
Garage N
Building
Lot Description Landscaping, Not In Development, Partly Wooded
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Mccaskey H.S.
School District School District Of Lancaster
Others
Tax ID 332-05787-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Justine Dennis McPhee • Keller Williams Elite
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "