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Key Details
Sold Price $472,625
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,332 sqft
Price per Sqft $202
Subdivision F&M District
MLS Listing ID PALA2046430
Sold Date 03/25/24
Style Traditional
Abv Grd Liv Area 2,332
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,142
Tax Year 2022
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
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.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Rooms
Basement Full, Unfinished, Outside Entrance, Interior Access
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Parking Features Garage - Rear Entry, Garage Door Opener
Garage Spaces 2.0
Water Access N
Roof Type Architectural Shingle,Rubber
Accessibility None
Porch Porch(es)
Total Parking Spaces 2
Garage Y
Building
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 339-07586-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Thomas Toole III • RE/MAX Main Line-West Chester
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