$575,000
$575,000
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305 E CHESTNUT ST Lancaster, PA 17602
5 Beds
4 Baths
2,882 SqFt
Key Details
Sold Price $575,000
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,882 sqft
Price per Sqft $199
Subdivision Musser Park
MLS Listing ID PALA2044284
Style Traditional
Bedrooms 5
Full Baths 4
Year Built 1880
Annual Tax Amount $4,803
Tax Year 2022
Lot Size 2,614 Sqft
Property Description
Welcome to your next opportunity! Each apartment has undergone significant renovations during current ownership, resulting in a lovely, turn key investment opportunity in one of the most appealing locations in downtown. Upgrades throughout include hardwood floors, updated kitchens and baths, and sensible, spacious living areas.
Apt 1 was a thriving Airbnb, and more recently a furnished mid term rental to abide by recent city regulations. The remaining apartments are occupied by tenants that would love to stay, and opportunity for upside remains in those rent prices. Heat and electricity are seperated, with natural gas radiators providing a highly efficient heat source for tenants. 3 of the apartments have their own laundry facilities, an unusual and highly desirable amenity for affordable apartments.
All of this is located across from the lovely Musser Park, and just a short walk from the wonderful amenities of downtown Lancaster. Many amazing dining destinations, shopping, the arts scene, the nightlife and so much more are at your fingertips in this location.
For investors, buy this for the appreciation and cashflow, or for an owner occupant this could make a wonderful opportunity for a low down payment FHA purchase and having a large portion of your living expenses covered. Take this opportunity to own your very own piece of thriving Lancaster!
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Hardwood, Luxury Vinyl Plank
Equipment Stainless Steel Appliances, Dryer, Water Heater - High-Efficiency, Washer
Laundry Main Floor, Basement, Has Laundry
Exterior
Exterior Feature Porch(es)
Fence Wood
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
View City
Roof Type Asphalt,Rubber
Building
Lot Description Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Plaster Walls,Wood Ceilings,Dry Wall
New Construction N
Schools
Elementary Schools Wickersham E.S.
Middle Schools Lincoln M.S.
High Schools Mccaskey H.S.
School District School District Of Lancaster
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
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Bought with Jennifer Jane Jacoby • Hometown Property Sales Group LLC