Price Reduction
Listed By:
Cavalry Realty, LLC
Address
241 & 243 Locust Street, Columbia, PA
Price
$ 599,000
Property Attributes
  • MLS#PALA2047348
  • TypeCommercial
  • CountyLANCASTER
  • CityColumbia
  • AreaColumbia Boro
  • Zip17512
  • StyleApartment Building,Religious Facility
  • Year Built1900
  • Taxes$ 5979
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4356
  • Lot Size4,356 SqFt
Data Source:
Bright MLS
Property Description

Investment opportunity in Columbia, PA. This well maintained building offers 4 residential units, 1 commercial space and 4 parking spaces. 3 Units with 1BR/1BA and 1 Unit with 2BR/1BA. First floor unit in the rear and the commercial space have gas forced air heat and central air. All other units have electric baseboard heat. All separate electric meters. Build equity by having the tenants pay down your mortgage. Take advantage of appreciation in the long term and tax benefits that come with investment properties. Great opportunity.

Price History
2/23/2024 Listed $650,000
3/15/2024 5% - $619,000
4/29/2024 4% - $599,000

General Features

Sewer Public Sewer
Heating Baseboard - Electric,Forced Air
Cooling Other
Possession Settlement
Zoning COMMERCIAL
Construction Materials Brick
Year Built 1900
Electric Circuit Breakers
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 61320.00
OwnerPays Water,Sewer,Trash Collection,Taxes - Real Estate
Business Type Apartment Building,Religious Facility
Accessibility None
County LANCASTER
Net Operating Income 45893.00
Insurance Expense 2095.00
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions -
ModificationTimestamp 2024-04-29T16:35:35
City COLUMBIA
Buyer Agent Compensation 2.5
Total Units 5
MLS Area Columbia Boro (10511)
Lot Size Square Feet 4356.00
Tax Assessed Value 160000.0
Waterfront Y/N No
Street Name LOCUST
Tax Annual Amount 5979.0
Acceptable Financing Conventional
Vacation Rental Y/N No
Days on Market 68
Standard Status Active
Year Built Source Assessor
Total Actual Rent 61320.00
Cap Rate 7.06
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Electric,Natural Gas
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Parking Features Paved Parking
Water Source Public
Total Parking Spaces 4
Type of Parking Parking Lot
Land Use Code 549
Water View Y/N No
Building Area Total 0.00
Lot Size Acres 0.10
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 44500.00
Navigable Water Y/N No
Water Oriented Y/N No
Car Parking Spaces 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 17512

Price
AVG $630K
$600K
Taxes
AVG $8,352
$5,979
Visits
AVG 146
86
Data Provided by Inside Real Estate®
Year Built
AVG 1936
1900

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