525 FRANKLIN ST, Columbia, PA 17512 – PALA2056674 - Don Perrin

$869,000

Est. payment -/mo

$869,000

Est.Price: ?

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1,344 SqFt

SOLD DATE : 11/15/2024

Key Details

Sold Price $869,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $646

MLS Listing ID PALA2056674

Sold Date 11/15/24

Style Cape Cod,Ranch/Rambler

Abv Grd Liv Area 1,344

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $7,279

Tax Year 2022

Lot Size 0.920 Acres

Acres 0.92

Lot Dimensions 0.00 x 0.00

Property Description

GREAT CASH FLOW - EASY MANAGEMENT
525 Franklin Street is a nearly one-acre parcel in Columbia Pa with four separate homes and six total residential rental units. The entire property is maintained and leased by a non-profit whose mission is to serve youth who are transitioning from the various service agencies into independent living situations.

The largest home is a 1,350 sf cape cod with an attached carport. It has 3 bedrooms and 1 bath. Home number two is a 900-sf single family with 2 bedrooms and 1 bath. The 2 remaining buildings are nearly identical and have 2 efficiency apartments each. There is also a detached two car garage. The entire property has been inspected by the borough and has passed all lead paint tests. The current C/O is valid until 06/28/2025.

The lease is a 3-Year term starting March 1, 2023. It has annual escalations of 3% and starts at $84,000 annually. All buildings and apartments have separate utilities which are paid for by the tenant. In addition, the tenant is responsible for taxes, insurance, yard care and snow removal. The parcel is in the borough of Columbia and is served by public water and sewer. It is zoned Medium Density Residential, potentially allowing additional development opportunities.

Location

State PA

County Lancaster

Area Columbia Boro (10511)

Zoning MDR

Rooms

Basement Full

Interior

Hot Water Natural Gas, Electric

Cooling Window Unit(s)

Heat Source Electric, Natural Gas

Exterior

Exterior Feature Breezeway, Deck(s), Porch(es), Patio(s)

Garage Garage - Side Entry

Garage Spaces 2.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available, Sewer Available

Waterfront N

Water Access N

View Creek/Stream

Roof Type Shingle

Street Surface Paved,Stone

Accessibility None

Porch Breezeway, Deck(s), Porch(es), Patio(s)

Total Parking Spaces 2

Garage Y

Building

Foundation Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Cape Cod, Ranch/Rambler

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Columbia

School District Columbia Borough

Others

Tax ID 110-30472-0-0000

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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Don Perrin

don@milvets.us +1(703) 819-4655

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Christy R Griffin • Coldwell Banker Realty
Bought with Vanessa M Zimmerman • Keller Williams Elite

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655