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INVESTMENT OPPORTUNITY! Welcome to 421 College Ave - a fully rented multi-unit townhome. Rentals on Lancaster's West side are a rare to find and highly sought after. The building has 3 apartments and a detached 2-car garage. With its prime location overlooking the North Museum, it is next to the F&M Campus, West Art, College Row, Amtrak, multiple restaurants and downtown's vital cultural scene. Unit 1 is a 2-bedroom, 1 bath apartment with use of the basement for storage and laundry. It also has use of the redone front porch. The tenants are currently also renting the garage. Unit 2 is a 1-bedroom, 1 bath apartment with in-unit laundry and a back porch. Unit 3 is a 1-bedroom, 1 bath apartment with a back porch with amazing views! All tenants have use of the back yard. All tenants would like to stay - you don't have to worry about vacancy income gap or finding tenants! The main roof was replaced in 2015, electric was upgraded (electric panel in each unit), and a some new windows! Each unit has its own electric meter and gas (cooking) meter. Owner pays for heat, hot water, water, sewer, and trash. Limited showings due to tenant schedules. Open House on Sunday, 2/18, from 1-3pm.
| DAYS ON MARKET | 53 | LAST UPDATED | 3/26/2024 |
|---|---|---|---|
| TRACT | F&M DISTRICT | YEAR BUILT | 1900 |
| COMMUNITY | Lancaster City (10533) | GARAGE SPACES | 2.0 |
| COUNTY | LANCASTER | STATUS | Sold |
| PROPERTY TYPE(S) | Multi Family |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|
| PRICE HISTORY | |
| Prior to Feb 14, '24 | $469,999 |
|---|---|
| Feb 14, '24 - Today | $465,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Lancaster City (10533) |
| BASEMENT | Exterior Entry, Full, Unfinished, Yes |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Garage Door Opener, On Street, Detached |
| SEWER | Public Sewer |
| STYLE | Traditional |
| SUBDIVISION | F&M DISTRICT |
| TAXES | 7142 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Keller Williams Elite, sold by RE/MAX Main Line-West Chester
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