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19, 21 & 23 E Main Street

EPHRATA, PA 17522
  • $600,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PALA2027786
Open House
UPDATED: 43 min ago
$600,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1928
County:

School Ratings & Info

School District:

Description

AUCTION DATE - Tuesday, December 13, 2022, at 6:00 PM. Listed price is an opening bid only and is not indicative of the final sales price. REAL ESTATE: 3 story all brick 10 unit apartment building w/11,868 sq. ft. finished area w/One 2 bedroom, Five 1 bedroom and One efficiency unit w/appliances included. Hardwood flooring throughout. Electric baseboard, basement, laundry w/twenty coin operated washers & dryers (included in sale), low maintenance exterior w/insulated windows. Macadam parking lot & front fenced courtyard. Workshop rental & 1st floor daycare center rental (10 year tenant) w/kitchen, office, library, nursery, lobby area and four playrooms. Totally remodeled in 2018 w/wiring, electric, hot water heaters, kitchens & baths. Decks added for apartments 6 & 8. Clean & well maintained w/good rental history & cash flow w/yearly gross income of $115,740 w/net income of $96,337. Zoned Central Business. Great opportunity to purchase clean, well maintained apartment building w/steady income! Modest rents w/signed rental increases on all units starting January 1, 2023. Borders the Warwick-to-Ephrata Rail Trail. Potential of business/apartment mix. Ideal investment opportunity w/lots of potential. Former J.C. Penney, Co. building. Terms 10% down, balance 60 days or before.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T16:53:12.5.
www.yorkhomes.net/homes/134722826
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19, 21 & 23 E Main Street EPHRATA, PA 17522

  • Price: $600,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 43 min ago
  • ID#: PALA2027786
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1928
Built
Neighborhood:
Ephrata Borough
County:
Lancaster
Area:
Ephrata Boro (10526)
School District:
Ephrata Area
Property Description
AUCTION DATE - Tuesday, December 13, 2022, at 6:00 PM. Listed price is an opening bid only and is not indicative of the final sales price. REAL ESTATE: 3 story all brick 10 unit apartment building w/11,868 sq. ft. finished area w/One 2 bedroom, Five 1 bedroom and One efficiency unit w/appliances included. Hardwood flooring throughout. Electric baseboard, basement, laundry w/twenty coin operated washers & dryers (included in sale), low maintenance exterior w/insulated windows. Macadam parking lot & front fenced courtyard. Workshop rental & 1st floor daycare center rental (10 year tenant) w/kitchen, office, library, nursery, lobby area and four playrooms. Totally remodeled in 2018 w/wiring, electric, hot water heaters, kitchens & baths. Decks added for apartments 6 & 8. Clean & well maintained w/good rental history & cash flow w/yearly gross income of $115,740 w/net income of $96,337. Zoned Central Business. Great opportunity to purchase clean, well maintained apartment building w/steady income! Modest rents w/signed rental increases on all units starting January 1, 2023. Borders the Warwick-to-Ephrata Rail Trail. Potential of business/apartment mix. Ideal investment opportunity w/lots of potential. Former J.C. Penney, Co. building. Terms 10% down, balance 60 days or before.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating Baseboard - Electric Heating YN Yes Net Square Feet 12919.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 100 Amp Service200+ Amp Service Electric Expense 1200.00 Gross Income 115740.00 Heating Fuel Electric Hot Water Electric Insurance Expense 2568.00 Municipality Ephrata Boro Navigable Water YN N Net Operating Income 96337.00 New Construction YN No Number Of Units Total 8 Operating Expense 19402.72 Original MLSNumber 802006604738 Owner Pays SewerTaxes - Personal PropertyTaxes - Real EstateTrash CollectionWaterInsurance Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Auction Sewer Public Sewer Tax Annual Amount 10226.00 Tax Assessment Amount 446500.00 Trash Expense 3436.00 Vacation Rental YN No Water Source Public Zoning Central Business

Listing courtesy of Kingsway Realty: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T16:53:12.5.
 
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Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty
2525 Eastern Blvd.
York PA, 17402