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Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $121
Subdivision Reamstown
MLS Listing ID PALA2031940
Sold Date 06/03/23
Style Other
Abv Grd Liv Area 3,500
Originating Board BRIGHT
Year Built 1832
Annual Tax Amount $5,377
Tax Year 2022
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 0.00 x 0.00
Property Description
AUCTION DATE - Monday, April 3, 2023 at 4 pm - LISTED PRICE IS AN OPENING BID ONLY AND IS NOT INDICATIVE OF THE FINAL SALE PRICE. REAL ESTATE: 2.5 Story brick/vinyl 4 unit apartment building w/approx. 3,500 sq. ft. finished area. Potential to build an additional 4 unit townhouse in rear of lot (special exception needed, subject to township approval). 1st floor commercial unit: Approx. 900 sq. ft. w/half bath. Currently rented to U.S. Post Office. Main floor apartment: Approx. 1,000 sq. ft. w/2 bedrooms, 1 bath, living room, kitchen w/range & refrigerator, laundry area w/washer & dryer. Rear entrance. Second floor apartments: Approx. 800 sq. ft. each unit, includes 1 bedroom, 1 bath, living room, kitchen, laundry area & rear entrance w/covered deck (only 1 2nd floor unit includes range, refrigerator, washer & dryer). Hardwood flooring throughout. Electric baseboard. Basement. Low maintenance exterior w/insulated windows, covered front porch & detached 1.5 story frame barn 27x21 w/lean to 27x10. Clean & well maintained w/good rental history & cash flow w/yearly gross income $39,276 w/net income $31,249. Note: Great opportunity to purchase clean, well maintained apartment building w/steady income! Modest rents. Potential of business/apartment mix. Ideal investment opportunity w/lots of potential. Terms 10% down, balance 60 days or before.
Location
State PA
County Lancaster
Area East Cocalico Twp (10508)
Zoning TRADITIONAL RESIDENTIAL
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Hardwood
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Off Street
Garage N
Building
Foundation Block, Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cocalico
Others
Tax ID 080-77216-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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