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Map
$629,479*
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Commercial -
Off Market
2939 LINCOLN HWY E
GORDONVILLE, PA 17529
Studio
0 Bath
$427,000 - $521,000
Reference Base Price*
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
Group showing offered at 6 PM Tuesday & Wednesday 9/8 & 9/9, all
are welcome, please send a text if you are attending, COVID-19
Guidelines Apply. Rare Opportunity ~ approved for 6 apartments,
currently operating with 14 units yielding approx. $128,000 gross
income, and the LOW property tax helps the bottom line. Easily
converted to 6 units yielding similar gross income). Currently
rented week to week, so vacancy is never a problem, and some
tenants have lived here for 18yrs, the weekly rent offers the owner
an extra month of rent each year ~ $10,638 extra each yr. The
sprawling park-like 1.3-acre complex consists of 3 separate
dwellings, paved off-street parking, a large decorative koi pond
fed by a separate well, and newer playset included. Includes a
single detached two-story Dutch Colonial home with porch, Living
RM, Kitchen, Full Bath, and one-bedroom, and equipped with water
heater & LP Fireplace; rented for $300 week. Another detached
structure located between this home and the ranch home, consists of
two separate efficiency apartments, each efficiency has a
kitchenette, Full Bathroom, and one-bedroom; rented for $225 week,
each, plus it has a large utility/storage room (potential garage)
containing the water heater system for these two units. The third
building is an expanded ranch home with a common entrance and
hallway to 11 dorm-style apartments, each with private full
bathroom (one apartment's bathroom is accessed via common hallway)
(some have an additional private exterior door), the dorm-style
apartments are served by two common area kitchens, one on each
level, the utilities include two newer water heaters (6-month-old),
oil heat, Central Air (most of the Central Air system is new), plus
supplemental HVAC window/wall units. The 4 basement apartments rent
for $150 a week, each, and the 7 main level units rent for $165 a
week, each. A total of 3 units are permitted in this building, with
the existing 11 bedrooms and 11 full bathrooms to work with, it
would be easy to create 3 exceptional units offering similar
income, or add a simple doorway between adjoining apartments to
create 2 BR 2Bth apartments, or make Br2 into a great room/kitchen
in each unit - the plumbing is there already, and would rent for a
similar accumulative total amount. The owner installed a
coin-operated laundry in the basement for added income and tenant
convenience, the washer & dryer are approx. 2yrs old. Each
apartment is furnished, including a TV (some tenants use their TV &
furniture, the unused provided furniture & TV are stored on
property & included for the next tenant). Security Camera System
included; the cameras can be viewed on your phone. An included LP
backup electrical generator can supply the entire property in the
event of a power outage. The property is served by two wells with
submersible pumps, one well is a backup and is kept fresh by
supplying water for the pond. Landlord pays electric, heat, hot
water, Cable TV/wifi, Sewer, Liquid Propane, and provides well
water. Property is AS-IS, Inspections permitted for information
only. The Flag Lot places the property far off the hustle & bustle
of Rt.30 This delightful Gordonville/ Paradise location is served
by public transportation, the LanCo Bus route almost stops at the
door. Overview of apartment rents: 4 Basement Apartments in Ranch:
$150 week each; 7 Main-Level Apartments in Ranch: $165 week
each; 2 Efficiency Apartments in Center Building: $225 week each; 1
Single Detached Apartment in Dutch Colonial: $300 week, totaling
approx $128,000yr
Unit Size
-
Days on Market
-
Land Size
1.30 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$4,610
HOA Dues
-
Year Built
1979
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 18, 2020 | No longer available | - | |
No longer available | |||
Sep 5, 2020 | Price Decreased |
$474,900
↓ $100
(0%)
|
|
Price Decreased | |||
Jul 1, 2020 | Listed | $475,000 | |
Listed | |||
Jun 26, 2015 | Sold | $450,000 | |
Sold |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/01/2020
|
|
Loft
|
-
|
-
|
$475,000
Loft
-
|
-
-
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