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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $354
MLS Listing ID PALA2049272
Sold Date 07/31/24
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $4,946
Tax Year 2022
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 0.00 x 0.00
Property Description
This property is going to onsite auction 5/8/24 at 6:00 PM and is being sold with reserve. LISTED PRICE IS ONLY A SUGGESTED OPENING BID, AND IS NOT INDICATIVE OF THE FINAL SALES PRICE WHICH WILL BE BY SELLER CONFIRMATION DAY OF AUCTION. Terms: Down payment of $20,000.00 required day of auction. Settlement on or before July 15, 2024. Transfer taxes to be paid by buyer. Real Estate taxes shall be prorated.
Great opportunity to own a fully leased 5 unit in Ronks / Lancaster Area. There are 3-Efficiency apartments, (1) 1-bedroom/1 bathroom apartment, and (1) -2 bedroom/1 bathroom apartment with a common laundry area in the basement. The property is within close proximity to Amish Country and Lancaster City. Rents currently gross over $50,000 per year. The potential rents available in the area are greater than the rents that are currently being collected, which provides upside to a Buyer. The property is located close to retail, office, medical, and the population of Lancaster County.
Location
State PA
County Lancaster
Area East Lampeter Twp (10531)
Zoning VILLAGE COMMERCIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Flooring Other
Equipment None
Heat Source Electric
Exterior
Garage Spaces 5.0
Utilities Available Above Ground, Electric Available
Water Access N
View Street
Roof Type Asphalt,Shingle
Street Surface Paved
Accessibility None
Road Frontage State
Total Parking Spaces 5
Garage N
Building
Lot Description Corner
Foundation Other
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Conestoga Valley
Others
Tax ID 310-51496-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Auction
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Bought with Elvin A Stoltzfus • Beiler-Campbell Realtors-Quarryville
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