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445 W Lemon Street

LANCASTER, PA 17603
  • $510,000
  • STATUS: Closed
  • ON SITE: 507 Days
  • ID#: PALA2030230
Sold - 06/09/2023
$510,000
SOLD - 06/09/2023
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,464
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1898
County:

School Information

Elementary School:
High School:
School District:

Description

Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops.Also located in the City's STR (Short Term Rental) district (see attached). We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision!Projected NET annual Income is $50,700.*This property is best suited for an experienced "flipper".Seller is licensed PA Realtor and property owner.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-19T08:53:30.91.
www.johnkrizateam.com/homes/136536158
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445 W Lemon Street LANCASTER, PA 17603

  • Price: $535,000
  • Status: Closed
  • On Site: 507 Days
  • Updated: 50 min ago
  • ID#: PALA2030230
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,464
SQFT
$0
$/SQFT
1898
Built
Neighborhood:
Chestnut Hill
County:
Lancaster
Area:
Lancaster City (10533)
Elementary School:
Wharton
High School:
Mccaskey Campus
School District:
School District Of Lancaster
Property Description
Rare opportunity to own a 4-unit building in the heart of Lancaster's West side and Chestnut Hill neighborhood. Located on West Lemon Street, within walking distance to downtown and Central Market, F&M, Buchanan Park, schools, Nightlife, restaurants, galleries, neighborhood stores and shops.Also located in the City's STR (Short Term Rental) district (see attached). We have completely gutted the property and all Electrical (including panels), Mechanical (dedicated, individual heat pump systems in each unit) and Plumbing is brand new (supply and waste lines). Two units have beautiful 1" original wood floors. Architect sealed commercial plans approved and all MEPI's will be signed off by Lancaster City and provided to buyer prior to settlement. This means that the property will be delivered to buyer framed and ready for drywall and fixtures. Unit 1 has kitchen cabinets, sink and faucet. SEE Document section for more info and plans. The hard stuff is done! It's ready for your vision!Projected NET annual Income is $50,700.*This property is best suited for an experienced "flipper".Seller is licensed PA Realtor and property owner.
Exterior Features

Architectural Style Traditional Construction Materials BrickMasonry Exterior Features Exterior LightingFire EscapeFlood LightsGutter SystemSidewalks Garage YN No Lot Features LevelRear Yard Parking Types On Street Pool No Pool Riparian Rights YN No Roof Architectural ShingleRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2464 Above Grade Unfinished Area 2464 Basement DrainOutside EntrancePartialSump Pump Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CHeat Pump(S) Fireplace YN No Fireplaces Total 0 Heating Heat Pump - Electric BackupForced Air Heating YN Yes Rooms Total 17 Security Features Motion Detectors Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Acceptable Financing Cash Accessibility Features 32"+ Wide Doors Assessment Year 2023 Buyer Financing Cash Central Air YN Yes Close Sale Terms Standard Sale Cooling Fuel Electric Cross Street Mary Electric 200+ Amp Service Electric Average Monthly 20 Electric Last12 Months 240.00 Existing Lease Type None Foundation Details BlockCrawl SpaceWood Gross Income 62400.00 Heating Fuel Electric Historic YN No Hot Water Natural Gas Insurance Expense 2000.00 Internet Services Cable Municipality Lancaster City Navigable Water YN N Net Operating Income 50700.00 New Construction YN No Number Of Units Leased 0 Number Of Units Total 4 Number Of Units Vacant 4 Operating Expense 11700.00 Original MLSNumber 802125685618 Owner Pays Common Area MaintenanceGasInsuranceTrash CollectionWaterSewerTaxes - Real Estate Ownership Interest Fee Simple Possession ImmediateCoin W/Sell Sett Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 6862.00 Tax Assessment Amount 176400.00 Total Actual Rent 62400.00 Trash Expense 8800.00 Utilities Cable TvNatural Gas Available Vacation Rental YN No Water Average Monthly 100 Water Last12 Months 1200.00 Water Source Public Window Features Double HungDouble PaneInsulatedReplacementScreensStormVinyl Clad Zoning R2 Zoning Description Multi Unit Commercial

Listing courtesy of Iron Valley Real Estate of Lancaster: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-19T08:53:30.91.
 
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