Price Reduction - Master on Main
Address
2939 Lincoln Hwy E Gordonville, PA
Price
$ 474,900
Property Attributes
  • MLS#PALA166198
  • TypeSingle Family
  • CountyLANCASTER
  • CityGordonville
  • AreaEast Lampeter Twp
  • NeighborhoodSOUDERSBURG
  • Zip17529
  • StyleRanch/Rambler
  • Year Built1979
  • Taxes4610
  • Price$ 474,900
  • Bedrooms14
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage4030
  • Lot Size1.3 Acres
Listing Provided Courtesy Of:
RE/MAX Professional Realty
Property Description

Group showing offered at 6 PM Tuesday & Wednesday 9/8 & 9/9, all are welcome, please send a text if you are attending, COVID-19 Guidelines Apply. Rare Opportunity ~ approved for 6 apartments, currently operating with 14 units yielding approx. $128,000 gross income, and the LOW property tax helps the bottom line. Easily converted to 6 units yielding similar gross income). Currently rented week to week, so vacancy is never a problem, and some tenants have lived here for 18yrs, the weekly rent offers the owner an extra month of rent each year ~ $10,638 extra each yr. The sprawling park-like 1.3-acre complex consists of 3 separate dwellings, paved off-street parking, a large decorative koi pond fed by a separate well, and newer playset included. Includes a single detached two-story Dutch Colonial home with porch, Living RM, Kitchen, Full Bath, and one-bedroom, and equipped with water heater & LP Fireplace; rented for $300 week. Another detached structure located between this home and the ranch home, consists of two separate efficiency apartments, each efficiency has a kitchenette, Full Bathroom, and one-bedroom; rented for $225 week, each, plus it has a large utility/storage room (potential garage) containing the water heater system for these two units. The third building is an expanded ranch home with a common entrance and hallway to 11 dorm-style apartments, each with private full bathroom (one apartment's bathroom is accessed via common hallway) (some have an additional private exterior door), the dorm-style apartments are served by two common area kitchens, one on each level, the utilities include two newer water heaters (6-month-old), oil heat, Central Air (most of the Central Air system is new), plus supplemental HVAC window/wall units. The 4 basement apartments rent for $150 a week, each, and the 7 main level units rent for $165 a week, each. A total of 3 units are permitted in this building, with the existing 11 bedrooms and 11 full bathrooms to work with, it would be easy to create 3 exceptional units offering similar income, or add a simple doorway between adjoining apartments to create 2 BR 2Bth apartments, or make Br2 into a great room/kitchen in each unit - the plumbing is there already, and would rent for a similar accumulative total amount. The owner installed a coin-operated laundry in the basement for added income and tenant convenience, the washer & dryer are approx. 2yrs old. Each apartment is furnished, including a TV (some tenants use their TV & furniture, the unused provided furniture & TV are stored on property & included for the next tenant). Security Camera System included; the cameras can be viewed on your phone. An included LP backup electrical generator can supply the entire property in the event of a power outage. The property is served by two wells with submersible pumps, one well is a backup and is kept fresh by supplying water for the pond. Landlord pays electric, heat, hot water, Cable TV/wifi, Sewer, Liquid Propane, and provides well water. Property is AS-IS, Inspections permitted for information only. The Flag Lot places the property far off the hustle & bustle of Rt.30 This delightful Gordonville/ Paradise location is served by public transportation, the LanCo Bus route almost stops at the door. Overview of apartment rents: 4 Basement Apartments in Ranch: $150 week each; 7 Main-Level Apartments in Ranch: $165 week each; 2 Efficiency Apartments in Center Building: $225 week each; 1 Single Detached Apartment in Dutch Colonial: $300 week, totaling over $128,000yr

Middle School High School
Conestoga Valley Middle School Conestoga Valley High School
Price History
7/8/2020 Listed $475,000
9/4/2020 1% - $474,900

General Features

Accessibility None
Architectural Style Ranch/Rambler
Association Y/N No
Condo/Coop Association Y/N No
Construction Materials Frame
Cool Fuel Electric
Cooling Central A/C
County LANCASTER
Exterior Features Play Equipment, Play Area
Garage Y/N No
Heating Forced Air
High School District CONESTOGA VALLEY
Levels 1
MLS Area East Lampeter Twp (10531)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Paved Driveway, Paved Parking
Possession Negotiable
Price Per Sq Ft 126.64
Property Type Residential
Real Estate Owned Y/N No
Senior Community Y/N No
Sewer Public Sewer
Structure Type Detached
Subdivision Name SOUDERSBURG
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning RESIDENTIAL

Interior Features

Above Grade Finished Area 3750
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Full
Basement Y/N Yes
Bathrooms Count All Lower Levels 4
Bathrooms Count Lower Level 1 4.00
Bathrooms Count Main Level 10.00
Bathrooms Full All Lower Levels 4
Bathrooms Full Lower Level 1 4
Bathrooms Full Main Level 10
Bedrooms Count All Lower Levels 4
Bedrooms Count All Upper Levels 1
Bedrooms Count Lower Level 1 4
Bedrooms Count Upper Level 1 1
Below Grade Finished Area 280
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Fireplace Features Gas/Propane
Fireplace Y/N Yes
Full Baths 14
Heating Fuel Electric, Oil, Propane - Owned
Heating Y/N Yes
Hot Water Electric
Laundry Type Shared, Basement
Living Area 4030
Main Level Bedrooms 9
Total Baths 14
Total Bedrooms 14
Total Fireplaces 1

Exterior Features

Lot Dimensions 528 x 119
Lot Features Flag, Level, Pond
Lot Size Acres 1.30
Lot Size Source Assessor
Lot Size Square Feet 56628.00
Navigable Water Y/N No
Off Street - # Of Spaces 14
Pool Y/N No Pool
Total Parking Spaces 14
Type of Parking Off Street, Parking Lot, Driveway
Water Oriented Y/N No
Water Source Well
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 17529

Price
AVG $430K
$470K
Taxes
AVG $5,044
$4,610
Visits
AVG 96
176
Year Built
AVG 1997
1979

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