Lancaster, PA 17602,305 E CHESTNUT ST
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Lancaster, PA 17602,305 E CHESTNUT ST
Lancaster, PA 17602,305 E CHESTNUT ST
Lancaster, PA 17602,305 E CHESTNUT ST
Lancaster, PA 17602,305 E CHESTNUT ST

$575,000

Est. payment /mo

$575,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

305 E CHESTNUT ST Lancaster, PA 17602

5 Beds

4 Baths

2,882 SqFt

SOLD DATE : 02/05/2024

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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Bright MLS (BMLS)
Listed by Benuel Esh • Keller Williams Elite
Bought with Jennifer Jane Jacoby • Hometown Property Sales Group LLC

Jason Gareau

Broker

+1(609) 929-4486

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