432 Chestnut Street Columbia, PA 17512 Lancaster County Real Estate

Here is your opportunity to own a prominent piece of investment real estate in Columbia! This is 432 Chestnut Street in Columbia, a 3-unit unmatched in its maintenance record and style. The first floor hosts a staple of Columbia, Dr. Stephen Perry DDS, in a unique space featuring exposed brick and over 2000 square feet of versatile space. The tenant is willing to sign a 3 year lease. Above this office is an urban chic style two-bedroom apartment space sure to command attention in up-and-coming Columbia. In the back of the property is a building hosting a 2 car garage presently used by the office tenant, and a 1-car garage for the two-bedroom apartment just above it. All units are fully rented and boast a great rental history! Columbia has been the beneficiary of much investment in recent years including a renovated marketplace, the Northwest River Trail, hotspots such as Columbia Kettleworks, and a growing hub for antiquing. Don’t miss your opportunity to get in on the “ground floor” and own this great piece of investment real estate in Columbia! Schedule your private showing today!

Primary Features

County: Lancaster

Price/SqFt: 103.49

Property Sub Type: Detached

Property Type: Multi Family

Year Built: 1888

Zoning: MDRB

Interior

Basement: yes

Basement Type: Full

Central Air: yes

Cooling Type: Ceiling Fan(s), Central A/C, Dehumidifier, Wall Unit

Fireplace: yes

Fireplaces Count: 2

Flooring Type: Carpet, Hardwood, Tile/Brick

Heating: yes

Heating Type: Zoned

Living Area SqFt Source: Estimated

Total Below Grade SqFt Source: Assessor

Total SqFt: 4300

Total SqFt Source: Estimated

Wall & Ceiling Types: 9'+ Ceilings

External

Architectural Style: Colonial

Building Units Total: 3

Construction Materials: Brick, Masonry

Cooling Fuel: Electric

Foundation Details: Block

Garage: yes

Garage Features: Other

Garage Spaces Count: 3

Heating Fuel: Electric

Hot Water: Natural Gas

Lot Dimensions Source: Assessor

Lot Size Dimensions: 0.00 x 0.00

Lot Size Source: Assessor

Lot Size Units: Square Feet

New Construction: no

Number of Detached Garage Spaces: 3

Other Structures: Above Grade, Below Grade

Pool: No Pool

Roof: Rubber, Slate

Sewer Septic: Public Sewer

Tidal Water: no

Total Garage and Parking Spaces: 3

Type of Parking: Detached Garage, On Street

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

Water Access: no

Water Oriented: no

Water Source: Public

Water View: no

Window Features: Skylights

Location

Country: US

Location Type: Urban

MLS Area: Columbia Boro (10511)

Municipality: COLUMBIA BORO

School District Name: COLUMBIA BOROUGH

School District Source: Listing Agent

Waterfront: no

Additional

Accessibility Features: None

Base Off Market Date: 2023-07-14T00:00:00+00:00

Days on Market: 8

Land Use Code: 579

Property Condition: Excellent

Property Sub Type: Triplex

Year Assessed: 2023

Year Built Source: Estimated

Financial

Acceptable Financing: Conventional, Cash

Automatically Update Tax Values: yes

Buyer Financing: Conventional

Cap Rate: 7.6

Exclusions: Dental fixtures

Gross Scheduled Income: 55500

Income Includes: Apartment Rentals, Professional Offices

Insurance Expense: 1500

Maintenance Expense: 1200

Net Operating Income: 33980

Operating Expense: 16895

Operating Expense Includes: Insurance, Snow Removal, Trash

Other Expense: 1516

Ownership Interest: Fee Simple

Possession: Settlement

Rent Control: no

Riparian Rights: no

Sale Type: Standard

Tax Annual Amount: 10620

Tax Assessed Value: 284200

Tax Year: 2022

Total Actual Rent: 50875

Trash Expense: 900

Vacancy Allowance Rate: 8.3

Vacation Rental: no

Zoning Info

Area Info

Listing courtesy of RE/MAX Pinnacle (717) 569-2222

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of RE/MAX Pinnacle. Data last updated on Saturday, September 23rd, 2023 09:35:01 AM.

Contact - Listing ID PALA2034606

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Jennifer L. King

1290 Broadcasting Rd.

Wyomissing, PA 17601

Phone: 717-723-9080

Main Office 717-509-2880 x3346

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