Homes for sale - 772 MARIETTA AVE, Lancaster, PA 17603

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Dave Marcolla

dave@marcollarealty.com +1(609) 423-9147

Listed by Corinn E. Kirchner • PPM Real Estate, Inc.

$ 469,999

Est. payment | -/mo

1,844 SqFt

Save

$ 469,999

Est. payment | -/mo

Save

1,844 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 423-9147

dave@marcollarealty.com

444 S State St, Newtown, PA, 18940, USA

772 MARIETTA AVE Lancaster, PA 17603