525 Franklin Street

COLUMBIA, PA 17512

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 40075
    Sqft(Lot)
$869,000

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.

  • Property Type

    Multi-Family

  • County

    LANCASTER

  • Style

    Cape Cod,Ranch/Rambler

  • AD ID

    46849087

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Breezeway,Deck(s),Porch(es),Patio(s)

    Interior Features

    • Roof : Shingle
    • Exterior Property Features : Fire Escape
    • Basement Description: Full

    Roofing Information

    • Shingle

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Radiator,Baseboard - Electric,90% Forced Air
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas

  • Building Information

    • Exterior Features: Fire Escape
    • Year Built: 1950
    • Structure: Detached
    • New Construction: No
    • Total Units: 4
    • Built: 1950
    • Construction Material: Frame,Vinyl Siding
    • Roof: Shingle
    • Foundation/Basement: Crawl Space
    • Architecture: Cape Cod,Ranch/Rambler
    • Pool/Private: No Pool
    • Roof Type: Shingle

    Exterior Features

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

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas,Electric

  • Lot Information

    • Lot Size: 40,075
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.92
    • Architectural Style: Cape Cod,Ranch/Rambler
    • Main Square Feet: 40,075

    Property Information

    • SQ ft: 1,344
    • SQ ft (Living Area): 1,344
    • Total Lot SQ ft: 40,075
    • View: Creek/Stream
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.92
    • New Construction: No
    • Type: Cape Cod,Ranch/Rambler

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 10

  • Tax Information

    • Annual Tax: $7,279
    • Tax Year: 2022
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $194,800

  • Parking Information

    • Parking Features: Private,Crushed Stone
    • Garage: 2
    • Garage Type: Garage - Side Entry
    • Parking Type: Parking Lot,Detached Garage

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional
    • Road Surface: Paved,Stone
    • Roof: Shingle

    Homeowners Association Information

    • Direction: For GPS directions use the address 725 Florence St. Columbia Pa 17512. Go past the dead end sign and follow the driveway until it stops. Parking is available at the end of the driveway by the pine trees the property will be to your left.

  • School Information

    • High School: COLUMBIA
    • School District: COLUMBIA BOROUGH

    Utility Information

    • Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Water Available,Sewer Available
    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: Natural Gas,Electric

    Location Information

    • Location Type: Creek/Stream
    • Direction: For GPS directions use the address 725 Florence St. Columbia Pa 17512. Go past the dead end sign and follow the driveway until it stops. Parking is available at the end of the driveway by the pine trees the property will be to your left.
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BuyOwner last updated this listing 09/16/2024 @ 16:20

  • MLS: PALA2056674
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 40,075 sized lot, and 2 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of COLUMBIA , in zip code 17512, this LANCASTER County Other , it is in the COLUMBIA HISTORIC DISTRIC Subdivision, are nearby neighborhoods.