618 E King Street, Lancaster, PA 17602 - Photo 1

1/1

$260,000

Sold
Closed
Multi-Family

1/1

Property Description

Investment opportunity. Cash flowing 3 unit. The first floor unit is a 1 bedroom, rent is $795 per month. The second floor is a 1 bedroom, rent is $795 per month. The third floor unit is a 1 bedroom, the rent is $695 per month. Owner pays water, sewer and trash, which the total is $2,256 for 2022. The insurance expense is $1,800 per year. On street parking. The heat and hot water is paid by the tenants.

Full Property Details

Full Property Details for 618 E King St

General

Sold For: $260,000
Taxes: $4,183 (2022)
Status: Closed
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PALA2029968
Added to Site: 752 day(s) ago

Interior

Flooring: Carpet, Luxury Vinyl Plank, Wood

Parking

Parking Type: On Street

Location

Area: Lancaster City (10533)
Municipality: LANCASTER CITY
County: Lancaster
Driving Directions: Take 23 E to Right on N Marshall Street, Left on E King Street, Property on the Right

School Information

School District: School District Of Lancaster

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard - Electric
Heating Fuel: Electric
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Converted Dwelling
Architectural Style: Converted Dwelling
Structure Type: Twin/Semi-Detached
Construction: Brick, Masonry
Basement: Yes
Basement Desc.: Full
Foundation: Stone
Roof: Metal
Stories/Levels: 0
Square Feet: 2,202
Sq. Ft. Source: Assessor
Living Area: 2,202 Sq. Ft.
Finished Above Grnd: 2,202 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor

Unit Information

Other Units: Unit 1, Unit 2, Unit 3
1 Bedroom Units: 3

Unit 1

Unit Description: Unit 1

Unit 2

Unit Description: Unit 2

Unit 3

Unit Description: Unit 3

Lot Features

Lot Size (Acres): 0.06
Lot Size (Sq. Ft.): 2,614
Lot Size Source: Assessor
Lot Dimensions: 0.00 x 0.00
Zoning: R4

Financial Considerations

Price Per Sq. Ft.: $113.08
Assessment Year: 2022
School Tax: $2,573
City/TownTax: $1,289
City/TownTax Freq: Annually
County Tax: $320
County Tax Freq: Annually
Tax w/Assessment: $110,200
Tax Amount: $4,183
Tax Year: 2022
Terms: Standard Sale
Owner Pays: Sewer, Water, Trash Collection
Landlord Pays: Sewer, Water, Trash Collection
Tax Total Finished Sq. Ft.: 2202

Disclosures and Reports

Ownership: Fee Simple

Listed by Kingsway Realty, Phillip Stumpf
Sold by Keller Williams Elite, Joseph Fisher

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Listing agent

— 618 E King St —

Phillip Stumpf

Kingsway Realty

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Schools

Schools serving 618 E King St

School District:School District Of Lancaster

Name	Grades	Distance
James P Wickersham Elementary School 401 N Reservoir St, Lancaster, PA 17602	PK-5	0.5 mi
Thomas H Borrowes Elementary School 1001 E Orange St, Lancaster, PA 17602	PK-5	0.6 mi
Abraham Lincoln Middle School 1001 Lehigh Ave, Lancaster, PA 17602	6-8	0.6 mi
McCaskey Campus 445 N Reservoir St, Lancaster, PA 17602	9-12	0.6 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 618 E King St

Date

Details

Price

Change

Source

5/12/2023

Sold

$260,000

4.42%

MLS

1/20/2023

Listed

$249,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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618 E King Street, Lancaster, PA 17602 (MLS# PALA2029968) is a Multi-Family property that was sold at $260,000 on May 12, 2023. Want to learn more about 618 E King Street? Do you have questions about finding other Multi-Family real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

618 E King St Lancaster, PA 17602