Property
Lancaster, PA 17603 122 College Avenue
$499,999
Pending
32 more
Presented By: RE/MAX Evolved
Beds • 1
Home Details
Prime Investment Opportunity! This quadruplex multi family offers an incredible income-generating potential. All units, tenants pay for electric. Unit 1 & Unit 4 tenants pay for gas. Unit 2 & 3 Both 2nd floor gas for the hot water and stove is included in the rent. Situated in a high-demand rental area, this property has strong tenant history and attractive rental rates. Perfect for investors looking to expand their portfolio or for an owner-occupant wanting to live in one unit and rent the others. Proximity to schools, shopping, public transportation, and major highways makes this an appealing choice for tenants. Dont miss this chance to secure a multi-family gem with excellent ROI potential!
Presented By: RE/MAX Evolved
Interior Features for 122 College Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementFull, Unfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Fireplaces1
General for 122 College Avenue
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesWasher/Dryer Hookups Only
Architectural StyleOther
Association Recreation FeeN
Avg. Electric Per Month25.0
Avg. Water Per Month117.0
CityLANCASTER
Construction MaterialsBrick, Masonry
Cool FuelNone
CoolingNone
CountyLANCASTER
DirectionsFrom F&M College, S on College Ave, property on right
DisclosuresNone
Electric100 Amp Service, 60 Amp Service
ExclusionsRefrigerator in 1st unit
Exterior FeaturesFire Escape
FULLFee Simple
Garage Y/NNo
HeatingRadiator
Home Warranty Y/NNo
Lease TypeYearly
Lot Size Square Feet3920.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
ModificationTimestamp2024-12-02T13:16:17
MunicipalityLANCASTER CITY
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
One Bedroom Units Count1
Operating Expense4220.00
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnerPaysGas, Trash Collection, Water, Sewer
PossessionSettlement, Subject to Existing Lease
Price Per Sq Ft Total AG190.11
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofAsphalt, Rubber
School DistrictSCHOOL DISTRICT OF LANCASTER
Security FeaturesSmoke Detector
SewerPublic Sewer
Single Room Units Count3
Standard StatusPending
StatusPENDING
Structure TypeDetached
Subdivision NameWEST END LANCASTER
Tax Annual Amount5820.0
Tax Assessed Value156100.0
Tax Year2022
Total Actual Rent43500.00
Total SQFT2630
Trash Expense104.00
Two Bedroom0
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningRESIDENTIAL MULTI-FAMILY
Exterior for 122 College Avenue
Foundation DetailsBrick/Mortar
Land Assessed Value33200.00
Land Use Code116
Lot Dimensions0.00 x 0.00
Lot Size Acres0.09
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Schools
High School
Mccaskey Campus High School
Middle School
N/A
Elementary School
N/A
Catarina Gomes
Associate