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    407 & 409 College Avenue

    LANCASTER, PA 17603
    • $485,000
    • STATUS: Pending
    • ON SITE: 13 days
    • ID#: PALA179496
    Pending
    UPDATED: 52 min ago
    $485,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,191
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    *****4 UNIT PROPERTY (2 TAX PARCELS MUST BE SOLD AS PAIR)*****Located directly across from the North Museum and F&M campus, this AMAZING multi unit has been meticulously cared for. You name it, these sellers have already taken care of it for you! (see docs for full list of items completed by seller during ownership) New roof, new boiler, new windows, new electric, remodeled kitchens, finished hard wood floors and so much more! Each unit is fully occupied. All leases are month -to-month. Monthly rents: Unit 407 A -$1400, Unit 407 B - $820, Unit 409 A- $1500, Unit 409 B- $850 per month. This would be a fantastic opportunity for an owner occupant as 2 of the 4 units are large 3 bedroom units that span 2 separate floors. Live in one unit and off set your mortgage with the income from the attached rentals. Off street parking, large lounging front porches, 3rd floor rear enclosed sun rooms and walking distance to the dog park are only a few of the reasons why this property is a must see! This is unlike any property to hit the market in some time. NOTE- showings are exclusively limited to (2) open house dates only. No private showings shall be accommodated. OPEN HOUSE DATES: 4/2/2021 from 4-6pm & 4/3/2021 from 1-3pm. Only 1 buyer shall be permitted in a single unit at a time, all attendees must sign in with agent on site. Masks are required for all attendees and agent will be on site to help direct foot traffic.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Teampete Realty Services, Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-13T09:21:32.813.
    www.teampete.com/homes/115596455
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    407 & 409 College Avenue LANCASTER, PA 17603

    • Price: $485,000
    • Status: Pending
    • Updated: 52 min ago
    • ID#: PALA179496
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    3,191
    SQFT
    $152
    $/SQFT
    1900
    Built
    Neighborhood:
    Lancaster City (10533)
    County:
    Lancaster
    Area:
    Lancaster City (10533)
    School District:
    School District Of Lancaster
    Property Description
    *****4 UNIT PROPERTY (2 TAX PARCELS MUST BE SOLD AS PAIR)*****Located directly across from the North Museum and F&M campus, this AMAZING multi unit has been meticulously cared for. You name it, these sellers have already taken care of it for you! (see docs for full list of items completed by seller during ownership) New roof, new boiler, new windows, new electric, remodeled kitchens, finished hard wood floors and so much more! Each unit is fully occupied. All leases are month -to-month. Monthly rents: Unit 407 A -$1400, Unit 407 B - $820, Unit 409 A- $1500, Unit 409 B- $850 per month. This would be a fantastic opportunity for an owner occupant as 2 of the 4 units are large 3 bedroom units that span 2 separate floors. Live in one unit and off set your mortgage with the income from the attached rentals. Off street parking, large lounging front porches, 3rd floor rear enclosed sun rooms and walking distance to the dog park are only a few of the reasons why this property is a must see! This is unlike any property to hit the market in some time. NOTE- showings are exclusively limited to (2) open house dates only. No private showings shall be accommodated. OPEN HOUSE DATES: 4/2/2021 from 4-6pm & 4/3/2021 from 1-3pm. Only 1 buyer shall be permitted in a single unit at a time, all attendees must sign in with agent on site. Masks are required for all attendees and agent will be on site to help direct foot traffic.
    Exterior Features

    Architectural Style Traditional Construction Materials BrickMasonry Garage YN No Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3191 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Heating Hot WaterRadiator Heating YN Yes Inclusions All Appliances Owned By Seller. Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 2 Units Furnished None

    Property Features

    Accessibility Features 2+ Access Exits32"+ Wide Doors Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Existing Lease Type Month To Month Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Lancaster City Insurance Expense 949.00 Navigable Water YN N Net Operating Income 31185.45 New Construction YN No Number Of Units Leased 4 Number Of Units Total 2 Operating Expense 23654.55 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 304536271874 Owner Pays InsuranceSewerTaxes - Real EstateWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 15648.10 Tax Assessment Amount 432800.00 Total Actual Rent 54840.00 Trash Expense 972.16 Utilities Cable TvNatural Gas AvailablePhoneSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning Residential / Multifamily

    Listing courtesy of Century 21 Home Advisors.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Teampete Realty Services, Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-13T09:21:32.813.
     
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