AUCTION DATE - Monday, April 3, 2023 at 4 pm - LISTED PRICE IS AN OPENING BID ONLY AND IS NOT INDICATIVE OF THE FINAL SALE PRICE. REAL ESTATE: 2.5 Story brick/vinyl 4 unit apartment building w/ approx. 3,500 sq. ft. finished area. Potential to build an additional 4 unit townhouse in rear of lot (special exception needed, subject to township approval). 1st floor commercial unit: Approx. 900 sq. ft. w/ half bath. Currently rented to U. S. Post Office. Main floor apartment: Approx. 1,000 sq. ft. w/ 2 bedrooms, 1 bath, living room, kitchen w/ range & refrigerator, laundry area w/ washer & dryer. Rear entrance. Second floor apartments: Approx. 800 sq. ft. each unit, includes 1 bedroom, 1 bath, living room, kitchen, laundry area & rear entrance w/ covered deck (only 1 2nd floor unit includes range, refrigerator, washer & dryer). Hardwood flooring throughout. Electric baseboard. Basement. Low maintenance exterior w/ insulated windows, covered front porch & detached 1.5 story frame barn 27x21 w/ lean to 27x10. Clean & well maintained w/ good rental history & cash flow w/ yearly gross income $39,276 w/ net income $31,249. Note: Great opportunity to purchase clean, well maintained apartment building w/ steady income! Modest rents. Potential of business/apartment mix. Ideal investment opportunity w/ lots of potential. Terms 10% down, balance 60 days or before.
Multi-familyProperty Type
1832Year Built
0.45 acresLot Size
$125Est. Price/Sq.Ft.
Listed by Curvin Horning• Kingsway Realty - Ephrata
•717-733-4777 (broker)
•lynn@kingswayrealty.com (broker)
Bought with Non Member NON MEMBER• Non Subscribing Office
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Lancaster County
APN
080-77216-0-0000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 22, 2023.
R-3
Traditional Residential Zone
The Purpose of this zone is to acknowledge and continue the tightly knit character of the villages of Reamstown, Stevens and Reinholds. This area contains narrow and deep lots with minimal front and side yard setbacks. This zone seeks to acknowledge and continue these uses. Off-street parking is limited to the rear yard and front build-to-lines ensure a uniform streetscape. Public utilities are available and a prerequisite to development.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Property details
Parking
Parking Information
Gravel Driveway
Off Street
Interior
Interior Information
Flooring Type: Hardwood
Living Area Sq.Ft. Source: Estimated
Basement Information
Basement: Yes
Unfinished
Multi Unit Information
# of Single Room Units: 1
# of One Bedroom Units: 2
# of Two Bedroom Units: 1
Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Gross Income: $39,276
Net Operating Income: $31,248
Income Includes: Apartment Rentals
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $163,300
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 4
Construction Materials: Vinyl Siding, Brick
Foundation Details: Block, Stone
Other Structures: Above Grade, Below Grade
Roof: Shingle
Structure Type: Detached
Other Structures: Bank Barn
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $58,000
Above Grade Information
Finished Sq.Ft.: 3,500
Finished Sq.Ft. Source: Estimated
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $391
County Tax: $644
School Tax: $4,341
School Tax Payment Frequency: Annually
Tax Assessed Value: $221,300
Tax Year: 2022
Tax Annual Amount: $5,377
Assessments Information
Year Assessed: 2023
Utilities
Utilities Information
200+ Amp Service
Baseboard - Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: COCALICO
School District Source: Listing Agent
Location Information
Directions: From Ephrata - Rt 272 N into Reamstown - Right W Church Street - Left N Reamstown Road to Property on Left
Municipality: EAST COCALICO TWP
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Lancaster County
APN: 080-77216-0-0000
Home facts updated by county records on May 22, 2023
Around this home
Schools
Reamstown El School
Public K-5 • Assigned • 0.3mi
7/10
Cocalico Middle School
Public 6-8 • Assigned • 1.7mi
8/10
Cocalico Senior High School
Public 9-12 • Assigned • 1.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 100° expected this year, 16 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Stevens, PA • 17578
Average low and high temperatures (°F)
33
20
38
24
57
35
65
45
71
53
82
63
86
69
80
61
78
59
67
46
54
37
39
25
Jan
Feb
Mar
Apr
May
Jun
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Aug
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Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$417,000 – $505,000
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