Listed By:
Iron Valley Real Estate
Address
5 E Market Street, Jonestown, PA
Price
$ 385,000
Property Attributes
  • MLS#PALN2014004
  • TypeCommercial
  • CountyLEBANON
  • CityJonestown
  • AreaJonestown Boro
  • Zip17038
  • StyleApartment Building,Hair Salon and Spa,/General Ret
  • Year Built1970
  • Taxes$ 2437
  • Price$ 385,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2660
  • Lot Size5,227 SqFt
Data Source:
Bright MLS
Property Description

Cash-flowing mixed-use rental property grossing over $5,150 a month located right in the heart of Jonestown! Most of this property has been recently renovated with new drywall, paint and luxury vinyl plank flooring throughout! As you enter the first floor you will see two storefront suites which are currently being converted from a salon/micro-blading studio into a tattoo shop by the new business owner who is renting for $1,100/month. Also on the main floor is a fully furnished 1 bedroom apartment which is consistently rented to travel nurses for $1,400/month. Leading down the first floor hallway you will find a half bath for business use and a laundry room with coin-operated washer & dryer. The walk-out basement apartment has off-street parking, central air, it's own separate fenced yard, two bedrooms, 1 bathroom and use of 2 storage rooms just outside of the main living area. That apartment is rented for $1,100 a month and the tenant pays their own electric. On the second/third floor you will find a very large 2 bedroom apartment with off-street parking, an outside deck entrance, it's own separate fenced yard, and central air which is rented for $1,550 per month. New roofs and AC units were just installed approximately 2 years ago. The majority of work has already been done at this property, making it a solid choice for an investment!

Price History
3/21/2024 Listed $385,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C,Wall Unit
Possession Settlement,Subject to Existing Lease
Roof Rubber,Metal
Zoning 374 MISC
Security Features Exterior Cameras
Construction Materials Brick
Exclusions Stove in basement belongs to tenant.
Year Built 1970
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building,Hair Salon and Spa,Other/General Retail
Accessibility 2+ Access Exits,Ramp - Main Level
County LEBANON
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions From Rte 72 N,turn right onto Jonestown Rd and go straight into Jonestown Borough. Property will be on the left.
ModificationTimestamp 2024-04-14T14:33:41
City JONESTOWN
Buyer Agent Compensation 3
Disclosures Prop Disclosure
Zoning Description Retail-Multiple Occupany
MLS Area Jonestown Boro (13213)
Lot Size Square Feet 5227.00
Tax Assessed Value 110900.0
Waterfront Y/N No
Street Name MARKET
Tax Annual Amount 2437.0
Price Per Sq Ft 144.74
Vacation Rental Y/N No
Days on Market 26
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Flooring Luxury Vinyl Plank
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Water Source Public
Inclusions All residential rental kitchen appliances including refrigerators and dishwashers. Coin-operated washer and dryer.
Total Parking Spaces 8
Type of Parking Driveway,On Street
Land Use Code 374
Water View Y/N No
Building Area Total 2660.00
Lot Size Acres 0.12
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 15100.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N Yes
Car Parking Spaces 6

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 17038

Price
AVG $1.23M
$390K
Taxes
AVG $5,055
$2,437
Visits
AVG 860
2145
Data Provided by Inside Real Estate®
Year Built
AVG 1977
1970

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