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421 College Avenue

LANCASTER, PA 17603
  • $465,000
  • STATUS: Pending
  • ON SITE: 26 Days
  • ID#: PALA2046430
Pending
UPDATED: 76 min ago
$465,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,332
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

INVESTMENT OPPORTUNITY! Welcome to 421 College Ave - a fully rented multi-unit townhome. Rentals on Lancaster's West side are a rare to find and highly sought after. The building has 3 apartments and a detached 2-car garage. With its prime location overlooking the North Museum, it is next to the F&M Campus, West Art, College Row, Amtrak, multiple restaurants and downtown's vital cultural scene. Unit 1 is a 2-bedroom, 1 bath apartment with use of the basement for storage and laundry. It also has use of the redone front porch. The tenants are currently also renting the garage. Unit 2 is a 1-bedroom, 1 bath apartment with in-unit laundry and a back porch. Unit 3 is a 1-bedroom, 1 bath apartment with a back porch with amazing views! All tenants have use of the back yard. All tenants would like to stay - you don't have to worry about vacancy income gap or finding tenants! The main roof was replaced in 2015, electric was upgraded (electric panel in each unit), and a some new windows! Each unit has its own electric meter and gas (cooking) meter. Owner pays for heat, hot water, water, sewer, and trash. Limited showings due to tenant schedules. Open House on Sunday, 2/18, from 1-3pm.

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©2024 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 The Joy Daniels Real Estate Group. 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: 2024-02-28T16:55:28.55.
www.centralpahomehunter.com/homes/147195067
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421 College Avenue LANCASTER, PA 17603

  • Price: $465,000
  • Status: Pending
  • On Site: 26 Days
  • Updated: 76 min ago
  • ID#: PALA2046430
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,332
SQFT
$199
$/SQFT
1900
Built
Neighborhood:
F&M District
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
INVESTMENT OPPORTUNITY! Welcome to 421 College Ave - a fully rented multi-unit townhome. Rentals on Lancaster's West side are a rare to find and highly sought after. The building has 3 apartments and a detached 2-car garage. With its prime location overlooking the North Museum, it is next to the F&M Campus, West Art, College Row, Amtrak, multiple restaurants and downtown's vital cultural scene. Unit 1 is a 2-bedroom, 1 bath apartment with use of the basement for storage and laundry. It also has use of the redone front porch. The tenants are currently also renting the garage. Unit 2 is a 1-bedroom, 1 bath apartment with in-unit laundry and a back porch. Unit 3 is a 1-bedroom, 1 bath apartment with a back porch with amazing views! All tenants have use of the back yard. All tenants would like to stay - you don't have to worry about vacancy income gap or finding tenants! The main roof was replaced in 2015, electric was upgraded (electric panel in each unit), and a some new windows! Each unit has its own electric meter and gas (cooking) meter. Owner pays for heat, hot water, water, sewer, and trash. Limited showings due to tenant schedules. Open House on Sunday, 2/18, from 1-3pm.
Exterior Features

Architectural Style Traditional Construction Materials BrickMasonry Exterior Features Fire Escape Garage Spaces 2.00 Garage Type Garage - Rear EntryGarage Door Opener Garage YN Yes Parking Types On StreetDetached Garage Patio And Porch Features Porch(es) Pool No Pool Property Condition Good Riparian Rights YN No Roof Architectural ShingleRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2332 Basement FullUnfinishedOutside EntranceInterior Access Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Tenant belongings and appliances (microwaves) Fireplace YN No Heating Forced Air Heating YN Yes Inclusions Washersdryersrefrigerators Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished None

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Cross Street Buchanan/Lemon Electric 200+ Amp Service Foundation Details StoneBrick/Mortar Gross Income 44364.00 Heating Fuel Natural Gas Hot Water Electric Insurance Expense 1061.00 Maintenance Expense 3105.00 Municipality LANCASTER CITY Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense 5678.00 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 802841794474 Owner Pays Advertising/Licenses and PermitsInsuranceRepairsSewerTaxes - Real EstateTrash CollectionWaterHeat Ownership Interest Fee Simple Possession SettlementSubject to Existing Lease Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 7142.00 Tax Assessment Amount 180500.00 Total Actual Rent 44364.00 Vacation Rental YN No Water Source Public Zoning RESIDENTIAL

Listing courtesy of Keller Williams Elite: .


©2024 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 The Joy Daniels Real Estate Group. 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: 2024-02-28T16:55:28.55.
 
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