$510,000
$535,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2,464 SqFt
SOLD DATE : 06/09/2023
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $206
Subdivision Chestnut Hill
MLS Listing ID PALA2030230
Sold Date 06/09/23
Style Traditional
Abv Grd Liv Area 2,464
Originating Board BRIGHT
Year Built 1898
Annual Tax Amount $6,862
Tax Year 2023
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 0.00 x 0.00
Property Description
Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops.
Also located in the City's STR (Short Term Rental) district (see attached).
We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision!
Projected NET annual Income is $50,700.
*This property is best suited for an experienced "flipper".
Seller is licensed PA Realtor and property owner.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R2
Rooms
Basement Drain, Outside Entrance, Partial, Sump Pump
Interior
Hot Water Natural Gas
Heating Heat Pump - Electric BackUp, Forced Air
Cooling Central A/C, Heat Pump(s)
Fireplace N
Window Features Double Hung,Double Pane,Insulated,Replacement,Screens,Storm,Vinyl Clad
Heat Source Electric
Exterior
Utilities Available Cable TV, Natural Gas Available
Waterfront N
Water Access N
Roof Type Architectural Shingle,Rubber
Accessibility 32\"+ wide Doors
Parking Type On Street
Garage N
Building
Lot Description Level, Rear Yard
Foundation Block, Crawl Space, Wood
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Wharton
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Tax ID 339-13146-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Motion Detectors
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Donna Shaw • RE/MAX SmartHub Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "