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Lee Wolff

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Heroes Real Estate
717-394-(Save)7283
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Listing 17 out of 2,264
$259,900 Under Contract

26 Willow Street
Adamstown, PA 19501

Multi Family Home
6534 sq ft - MLS# 1003381026
Property Photo
1/19

Description

Fantastic investment opportunity - currently 3 unit fully rented with 2 additional units ready to be finished water & electric in both unfinished units, they are gutted and ready for construction, permits pulled and approved, water sewer permit obtained. All units with two exits, high ceilings in 1st & 2nd floor, 3rd floor would make great storage units for tenants, attic has sprayed insulation, there are 9 parking spaces. Convenient location to Lancaster & Reading. Unit 1, 2 BR $650, year lease Unit 2, 1 BR $600, year lease Unit 3 1 BR (projected rent) $700, Unit 4 1 BR $535, month to month Unit 5 2 BR (projected rent) $750 Current Rents could be improved with some updating.

Features

  • Property Type: Multi Family Home
  • Sub Type: Detached
  • Listing Status: Under Contract
  • County/Area: Lancaster County
  • Zip Code: 19501
  • Year Built: 1900
  • School District: Cocalico
  • Sq.Ft.: 4,650 sq ft
  • Basement: Yes, Daylight, Full
  • Lot Size: 6534 sq ft
  • Zoning: HIGHWAY COMMERCIAL
  • Above Grade Fin SQFT: 2,325
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Above Grade Unfin Area Units: Square Feet
  • Above Grade Unfin SQFT: 775
  • Above Grade Unfin SQFT Source: Estimated
  • Annual Rental Income: $21420.00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT: 1,550
  • Below Grade Unfin SQFT Source: Estimated
  • Building Total SQFT: 1,550
  • Building Units Total: 4
  • Construction Materials: Frame, Vinyl Siding
  • Directions: 272 N to left on Willow Street, property on right.
  • Electric Service: 100 Amp Service
  • Exterior Features: Fire Escape
  • Gross Income: $22200.00
  • Gross Scheduled Income: 21420.00
  • Heating: Electric
  • Hot Water: Electric
  • Improvements: Above Grade, Below Grade
  • Income Includes: Laundry
  • Insurance Expense: 2200.00
  • Lot SQFT: 6,534
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Municipality: Adamstown Borough
  • Net Operating Income: 12060.00
  • Number Of Units Month To Month: 1
  • Number Of Units Vacant: 2
  • One Bedroom Units Count: 3
  • Operating Expense Includes: Snow Removal, Insurance, Trash
  • Other Expense: 3540.00
  • Owner Pays: Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Ownership Interest: Fee Simple
  • Photo Option: Lister Will Upload All
  • Property Condition: Average+
  • Roof: Metal
  • SchoolDistrictSource: Listing Agent
  • Selling Agent: Mario A Di Nenna
  • Selling Office: Vanguard Realty Alliance, Llc
  • Sewer Septic: Public Sewer
  • Total Below Grade SQFT: 1,550
  • Total Below Grade SQFT Source: Estimated
  • Total Finished SQFT: 2,325
  • Total Finished SQFT Source: Estimated
  • Total Garage and Parking Spaces: 9
  • Total Non-Garage Parking Spaces: 9
  • Total SQFT Source: Estimated
  • Trash Expense: 900.00
  • Two Bedroom Units Count: 2
  • Type Of Parking: Parking Lot, Off Street
  • Units Leased Count: 3
  • Water Source: Public
  • Year Built Source: Assessor
  • Zoning Dscrp: Highway Commercial
Courtesy of Kingsway Realty

Heroes Real Estate
841 Flory Mill Rd
Lancaster, PA 17601
Phone: 717-587-6805
Email: leewolff@HeroesRealEstate.com

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Testimonials

I would highly recommend Lee - he is honest, hard working and always puts the client first. He helped me so much in what was an emotional experience for me in selling my home of 26 years. Best of all, his approach to giving back and saving clients on real estate commissions, without compromising service, is unprecedented in the industry! Susan Hoyt
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