772 MARIETTA AVE Active Save Request In-Person Tour Request Virtual Tour
Lancaster,PA 17603
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,844 sqft
Price per Sqft $254
MLS Listing ID PALA2065742
Style Other
Abv Grd Liv Area 1,844
Year Built 1875
Annual Tax Amount $6,137
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Stunningly gorgeous 2 unit property located next to the cafe and ice cream shop called College Treats in desirable Chestnut Hill neighborhood! This property was renovated top to bottom in 2020 and as a result is in a LERTA tax savings program through 2029! The first floor apartment is leased to a tenant for $1,350/month (gas heat and central air; gas and electric paid by Tenant). Apt #2 is the 2nd and 3rd floors of the property and is a 2 bed, 2 bath apartment on a new one year lease for $1,675/month (mini split systems for heat + cooling; Tenant pays electric). Both apartments offer high end finishes including granite counters, wood floors, exposed brick walls, drywall ceilings with recessed lighting, central air, dishwasher, built-in microwave, all vinyl windows & more! There is shared laundry and a shared yard. Easy, non-metered street parking readily available on Marietta, College Ave & Chestnut Streets. All mechanicals, roof, appliances and finishes are only 5 years old. Landlord pays water/sewer, trash, house electric. LERTA Tax savings: 2025: 50% discount on tax bill. Each year the discount decreases by 10% through 2029. CURRENT CAP RATE 6.3%. Gross Income $36,300 at the rents stated herein. Est. NOI $29,532. Income/Expense Proforma with LERTA tax savings details available. Note: The new one year lease on apartment 2 is the tenant who was in apartment one. Tenant took the larger apartment when it became available – this is a testament to the excellent location, conditions, marketability and livability of this property!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R4; HIGH DENSITY
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas,Electric
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 335-71547-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard