525 Franklin Street Columbia, PA 17512
Listing Courtesy of: BRIGHT IDX / Lancaster / Christy Griffin

  525 Franklin Street Columbia, PA 17512

Active (12 Days)
$869,900

Description

GREAT CASH FLOW - EASY MANAGEMENT525 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.

MLS #:
PALA2061836
Taxes
$7,279(2022)
Lot Size
0.92 acres
Type
Multifamily
Year Built
1950
Style
Ranch/Rambler, Cape Cod
School District
Columbia Borough
County
Lancaster County

Listed By

Christy Griffin, Lancaster
Source
BRIGHT IDX
Last checked Dec 23 2024 at 5:29 AM GMT-0400
Bathroom Details
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Crawl Space
Heating and Cooling
  • 90% Forced Air
  • Baseboard - Electric
  • Radiator
  • Window Unit(s)
Basement Information
  • Full
Exterior Features
  • Vinyl Siding
  • Frame
  • Roof: Shingle
Utility Information
  • Utilities: Sewer Available, Water Available, Phone Available, Natural Gas Available, Electric Available, Cable Tv Available
  • Sewer: Public Sewer
  • Fuel: Natural Gas, Electric
School Information
  • High School: Columbia
Parking
  • Crushed Stone
  • Private
Living Area
  • 1,344 sqft
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The 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. Data last updated 12/22/24 21:29