635 W Chestnut St
Lancaster, Pennsylvania PA 17603
Sold For: $750,000
Listing ID: PALA2035624
Price/SqFt: $168.46
Status: CLOSED
Sold Date: 6/30/2023
SqFt: 4,452 Sq Ft
Acres: 0.100 Acres
Year Built: 1875

Welcome to this exceptional investment opportunity located in the heart of Chestnut Hill. It is ideal for savvy investors to add a valuable asset to their portfolio with its five 1 BR 1 bath units. Each unit within this well-maintained building has recently been renovated and updated to offer comfortable living space to those seeking a cozy and functional space. The common area are equally impressive, showcasing meticulous attention to detail. The entryways and the hallways, are well-maintained and created a welcoming atmosphere for tenants. The shared backyard offers a space to relax and have a quiet time with neighbors. There is also a space for potential 2 off street parkings. This property boasts a strong rental history , reflecting its desirability and appeal to potential tenants. Its proximity to downtown Lancaster, Central market, Fulton Theatre and many restaurants and cafes, makes this vibrant community highly desirable for tenants, enhancing the property's long term investment potential. With its strong rental income and exceptional location, 635 W Chestnut St is an excellent opportunity for investors to maximize their returns. Contact us today to schedule a private viewing and explore the potential that this investment property holds. Income/expense sheet available in document tab.

Primary Features

County: Lancaster
Price/SqFt: 168.46
Property Sub Type: Twin/Semi-Detached
Property Type: Multi Family
Year Built: 1875
Zoning: R4

Interior

Central Air: no
Cooling Type: Window Unit(s)
Heating: yes
Heating Type: Radiator
Living Area SqFt Source: Estimated
Total SqFt: 4452
Total SqFt Source: Estimated

External

Architectural Style: Traditional
Building Units Total: 4
Construction Materials: Brick
Cooling Fuel: Electric
Foundation Details: Block
Garage: no
Heating Fuel: Natural Gas
Hot Water: Electric
Lot Size Source: Estimated
Lot Size Units: Square Feet
New Construction: no
Other Structures: Above Grade
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Parking Features: Gravel Driveway
Pool: No Pool
Roof: Metal
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 2
Type of Parking: On Street, Off Street
Units Furnished: None
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
High School: MCCASKEY CAMPUS
High School Source: Listing Agent
MLS Area: Lancaster City (10533)
Municipality: LANCASTER CITY
School District Name: SCHOOL DISTRICT OF LANCASTER
School District Source: Listing Agent
Waterfront: no
Zoning Description: High Density

Additional

Accessibility Features: 2+ Access Exits
Base Off Market Date: 2023-07-01T00:00:00+00:00
Days on Market: 22
Property Condition: Very Good
Property Sub Type: Other
Year Assessed: 2023
Year Built Source: Estimated

Financial

Acceptable Financing: Cash, Conventional
Automatically Update Tax Values: no
Buyer Financing: Private
Exclusions: Tenants' personal properties
Existing Lease Type: Month to Month, Yearly
Gross Income: 58020
Inclusions: All appliances in each unit, with the exception of tenants' personal portable appliances, and coin operated washer and dryer.
Income Includes: Apartment Rentals, Laundry
Insurance Expense: 3095
Net Operating Income: 18387.55
Operating Expense: 18387.55
Operating Expense Includes: Trash, Insurance
Ownership Interest: Fee Simple
Possession: Settlement
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 9936
Tax Assessed Value: 255400
Tax Year: 2023
Total Actual Rent: 58020
Trash Expense: 1110.56
Vacation Rental: no

Zoning Info


Area Info


Listing courtesy of Realty ONE Group Unlimited (717) 569-1700

© 2024 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 Realty ONE Group Unlimited. Data last updated on Friday, March 29th, 2024 04:20:29 AM.

Contact - Listing ID PALA2035624

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Jennifer L. King

1290 Broadcasting Rd.
Wyomissing, PA 17601
Phone: 717-723-9080
Main Office 717-509-2880 x3346

Data services provided by IDX Broker
{"page":"listing","idxID":"b004","listingID":"PALA2035624","extra":"635-W-Chestnut-St-Lancaster-PA-17603","type":"detailsContact"}
http://www.thejenniferkingteam.com
details.php
https://homes.thejenniferkingteam.com
details