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    2939 Lincoln Hwy E

    GORDONVILLE, PA 17529
    • $474,900
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: PALA165990
    $474,900
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Information

    Elementary School:
    High School:
    School District:

    Description

    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

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. 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. Data last updated: 2020-10-24T23:50:15.507.
    www.thedaileygroup.com/homes/107467710
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    2939 Lincoln Hwy E GORDONVILLE, PA 17529

    • Price: $474,900
    • Status: Active
    • ID#: PALA165990
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    1979
    Built
    Neighborhood:
    Soudersburg
    County:
    Lancaster
    Area:
    East Lampeter Twp (10531)
    Elementary School:
    Smoketown
    High School:
    Conestoga Valley
    School District:
    Conestoga Valley
    Property Description
    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
    Exterior Features

    Construction Materials FrameMetal Siding Garage YN No Lot Features FlagLevelPond Parking Features Paved ParkingPrivate Parking Types Parking LotOff SiteDriveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 3750.00 Security Features Surveillance Sys

    Property Features

    Accessibility Features None Annual Gross Expense 24653.00 Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street Soudersburg Rd Electric 120/240V200+ Amp Service Electric Average Monthly 680 Electric Expense 8154.53 Electric Last12 Months 8160.00 Gross Income 127660.00 Heating Fuel ElectricOilPropane - Owned Hot Water Electric Incorporated City Name East Lampeter Twp Insurance Expense 5672.00 Navigable Water YN N Net Operating Income 103007.00 New Construction YN No Number Of Units Total 3 Operating Expense 20043.00 Operating Expense Includes Cable TvElectricHeating/CoolingInsurancePest ControlSewerTrash Original MLSNumber 304191909608 Other Expense 3972.60 Owner Pays Air ConditioningCable TvElectricityHeatInsuranceLawn/Shrub CareSewerWaterTrash CollectionPest ControlSnow RemovalTaxes - Real Estate Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4610.00 Tax Assessment Amount 243100.00 Total Actual Rent 127660.00 Transportation Bus Stop Less Than 1 Mile Trash Expense 1075.44 Utilities Cable Tv Vacation Rental YN No Water Source Well Zoning Residential

    Listing courtesy of Re/Max Professional Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. 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. Data last updated: 2020-10-24T23:50:15.507.
     
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