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- $545k Price
- 3,375 Sqft
- .12 Acres
- 5 DOM
365 College Ave
SHOWINGS STARTING THURSDAY 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019, per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them
Essential Information
- MLS® #PALA2063562
- Price$545,000
- Bathrooms0.00
- Square Footage3,375
- Acres0.12
- Year Built1905
- TypeMulti-Family
- Sub-TypeQuad, End of Row/Townhouse
- StyleOther
- StatusPending
Community Information
- Address365 College Ave
- AreaLancaster City (10533)
- CityLANCASTER
- CountyLANCASTER-PA
- StatePA
- MunicipalityLANCASTER CITY
- Zip Code17603
Amenities
- ViewCity
Interior
- HeatingRadiator
- CoolingWindow Unit(s)
- Has BasementYes
- BasementDaylight, Partial
- # of Stories3
Exterior
- ExteriorBrick and Siding
- Exterior FeaturesFire Escape
- RoofRubber
- FoundationOther
School Information
- DistrictSCHOOL DISTRICT OF LANCASTER
Additional Information
- Date ListedJanuary 28th, 2025
- Days on Market5
- ZoningR3 - MEDIUM DENSITY
Listing Details
- OfficePPM Real Estate, Inc.
- Office Contact7173943374
Price Change History for 365 College Ave, LANCASTER, PA (MLS® #PALA2063562)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Active) | – | – |
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Listing information last updated on February 8th, 2025 at 2:06pm CST.