525 FRANKLIN STREET
COLUMBIA, PA 17512
$869,900
Number of Units: 4
Type: Multi-Unit Residential
Listing #pala2061836
GREAT CASH FLOW - EASY MANAGEMENT 525 Franklin Street is a nearly one-acre parcel in Columbia Pa with four separate homes and six total residential rental units. The entire property is maintained and leased by a non-profit whose mission is to serve youth who are transitioning from the various service agencies into independent living situations.The largest home is a 1,350 sf cape cod with an attached carport. It has 3 bedrooms and 1 bath. Home number two is a 900-sf single family with 2 bedrooms and 1 bath. The 2 remaining buildings are nearly identical and have 2 efficiency apartments each. There is also a detached two car garage. The entire property has been inspected by the borough and has passed all lead paint tests. The current C/O is valid until 06/28/2025.The lease is a 3-Year term starting March 1, 2023. It has annual escalations of 3% and starts at $84,000 annually. All buildings and apartments have separate utilities which are paid for by the tenant. In addition, the tenant is responsible for taxes, insurance, yard care and snow removal. The parcel is in the borough of Columbia and is served by public water and sewer. It is zoned Medium Density Residential, potentially allowing additional development opportunities.
Listing Courtesy of: Coldwell Banker Realty (717) 735-8400
Property Features
County: LANCASTER
Municipality: COLUMBIA BORO
Latitude: 40.02611
Longitude: -76.49374
MLS Area: Columbia Boro (10511)
Heating: Radiator, Baseboard - Electric, 90% Forced Air
Heating Fuel: Electric, Natural Gas
Cooling: Window Unit(s)
Water Heater: Natural Gas, Electric
Basement Description: Full
Has Basement: Yes
Number of 1 Bedroom Units: 0
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 3
Total Number of Units: 4
Is New Construction: No
Exterior: Fire Escape
Foundation: Crawl Space
Roof: Shingle
Septic or Sewer: Public Sewer
Water: Public
Parking Description: Private, Crushed Stone
Has Garage: Yes
Garage Spaces: 2
Lot Size in Acres: 0.92
Zoning: MDR
Property Condition: Good, Average
High School: COLUMBIA
ListDate: 2024-12-11 00:00:00.0
Property SubType: Other
Year Built: 1950
Status: Active
Tax Year: 2022
Tax Amount: $7,279
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
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