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Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,712 sqft
Price per Sqft $120
MLS Listing ID PALA2031892
Sold Date 04/21/23
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $11,398
Tax Year 2019
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.00 x 0.00
Property Description
This ten unit property features (3) 1 Bedroom, (2) 2 bedrooms, (1) 3 bedroom and (4) commercial spaces. A fully rented dwelling in excellent condition. The front of the building has new siding less than 5 years ago. All units have heat pumps and central air and all are newer units within the last 5 years except for two units. The units are housed on the flat roof. Interior of the building is kept cleaned bi-weekly and all apartments show well. All tenants pay there own heat and electric and owner pays water, sewer and trash. Has a monthly cash flow of $8270.00 and yearly $99240.00. It nets $81508.00 with a cap rate of 7.8%. Bring your investors.
Location
State PA
County Lancaster
Area Ephrata Boro (10526)
Zoning MIXED USE
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 5.0
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ephrata Area
Others
Tax ID 260-08312-0-0000
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 Lynn R Zimmerman • Kingsway Realty - Ephrata
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