$471,000
$475,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
5,092 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $471,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,092 sqft
Price per Sqft $92
Subdivision West End Of City
MLS Listing ID PALA2037366
Sold Date 09/29/23
Style Other
Abv Grd Liv Area 4,532
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $13,043
Tax Year 2023
Lot Size 10,060 Sqft
Acres 0.23
Property Description
THIS IS A 6 UNIT. Unique Income Producing Property offers 4 tax parcels all on one deed! Featuring 6 rented dwelling units and 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) and 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 mtm). 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. ($600 mtm). 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 R-3
Rooms
Basement Combination
Interior
Hot Water Electric
Heating Baseboard - Electric, Hot Water, Radiator
Cooling None
Fireplaces Number 1
Fireplace Y
Heat Source Electric, Natural Gas
Exterior
Garage Garage - Side Entry, Garage - Rear Entry
Garage Spaces 2.0
Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Detached Garage
Total Parking Spaces 2
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 338-/996730000/9767500000/9567600000/9347800000
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