$375,000
$389,900
3.8%For more information regarding the value of a property, please contact us for a free consultation.
1,200 SqFt
SOLD DATE : 10/29/2020
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $312
MLS Listing ID PALA167566
Sold Date 10/29/20
Style Farmhouse/National Folk
HOA Y/N N
Abv Grd Liv Area 1,200
Originating Board BRIGHT
Year Built 1985
Annual Tax Amount $6,137
Tax Year 2020
Lot Size 1.110 Acres
Acres 1.11
Lot Dimensions 0.00 x 0.00
Property Description
Great income producing investment opportunity in East Earl Twp. This property consists of 7 total leased units with 4 separate buildings. The first building has 2 residential units. These units include 1111 (1st floor, 2 bedrooms) at $715/mo. and 1113 (2nd floor, 2 bedrooms) at $675/mo. The second building (1115) is a single family 2-story dwelling with 2 bedrooms and 1.5 baths. currently at $825/mo. The third building is a large detached garage/shop with 3 separate garage/storage units with overhead garage doors totaling $545/mo. And the fourth building is a large utility shed with an overhead garage door currently used by owners. Ample parking for all units. All units are currently leased and in very good condition with separate utilities. Tenants responsible for utilities. Current annual income is $33,120. Current rents are very conservative. Market value rents would bring total annual income to $37,740.
Location
State PA
County Lancaster
Area East Earl Twp (10520)
Zoning COMMERCIAL NEIGHBORHOOD
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Oversized
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility None
Parking Type Off Street, Detached Garage
Total Parking Spaces 4
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Farmhouse/National Folk
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Eastern Lancaster County
Others
Tax ID 200-41300-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Kore J. Fisher • Hostetter Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "