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Key Details
Sold Price $471,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $47
Subdivision West End Of City
MLS Listing ID PALA2037354
Sold Date 09/29/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $13,042
Tax Year 2023
Lot Size 10,060 Sqft
Acres 0.23
Property Description
This Unique Income Producing Property offers 4 tax parcels all on one deed! Featuring 6 rented dwelling units & 2 separate garages with large storage/workshop space to provide a steady flow of income for investors. Each tenant pays their own electric and gas. Owner pays taxes, insurance, W/S/T & common electric. 814 6th St. is a 2 unit, 2 story with a detached 1 car garage & enormous storage/workshop. The 1st floor studio ($680 MTM) & 2nd floor 1 BR ($625 1 Year), both have electric BB heat. The detached side garage is not currently rented but will provide nice additional income or the new owner can use as their own storage space. 816 6th street is a 1 BR/studio with new water heater. ($650). The final 2 parcels feature 2.5 story brick duplexes with gas heat. 818 6th St (Left Side multi-unit) 1st floor is currently used as a 2BR ($780 MTM) & 2nd floor w/finished attic ($780 MTM). 820 6th St (Right Side-Single Family Home) is a spacious 3 BR/1 BA home with a partially finished basement, 2nd full bathroom and off-street parking. ($975 MTM – In addition to the electric and gas, this tenant also pays their own water/sewer.) To the rear of the property is a very large detached garage that has its own electric, commode and sink. ($600MTM). This expansive property must be sold together as the garage/storage buildings flow between parcels and are on one deed. Lots of great income potential with this investment property! The seller has owned the property since 1994 and many of the tenants are long time renters. Convenient to shopping, downtown and bus routes. (Tax Parcels: 338-9967300000 / 338-9767500000/ 338-9567600000 / 338-9347800000). Taxes on MLS reflect all properties combined. See info under documents for Income/Expense info.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL - R3
Interior
Hot Water Electric
Heating Baseboard - Electric, Baseboard - Hot Water
Cooling None
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 2.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Mccaskey H.S.
School District School District Of Lancaster
Others
Tax ID 338-9967300000/-9767500000/-9567600000/-9347800000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jennifer L. King • RE/MAX Of Reading