525 Franklin St, Columbia, PA 17512 | For Sale

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For Sale $869,900 ($647.25 per Sq Ft)

$869,900 ($647.25 per Sq Ft)
  • (0)
  • 2 Bedrooms
  • 1 Bathrooms
  • 1,344 Sq Ft
  • 40,075 Sq Ft

Description

GREAT CASH FLOW - EASY MANAGEMENT
525 Franklin Street is a nearly one-acre parcel in Columbia Pa with four separate homes and six total residential rental units. The entire property is maintained and leased by a non-profit whose mission is to serve youth who are transitioning from the various service agencies into independent living situations.

The largest home is a 1,350 sf cape cod with an attached carport. It has 3 bedrooms and 1 bath. Home number two is a 900-sf single family with 2 bedrooms and 1 bath. The 2 remaining buildings are nearly identical and have 2 efficiency apartments each. There is also a detached two car garage. The entire property has been inspected by the borough and has passed all lead paint tests. The current C/O is valid until 06/28/2025.

The lease is a 3-Year term starting March 1, 2023. It has annual escalations of 3% and starts at $84,000 annually. All buildings and apartments have separate utilities which are paid for by the tenant. In addition, the tenant is responsible for taxes, insurance, yard care and snow removal. The parcel is in the borough of Columbia and is served by public water and sewer. It is zoned Medium Density Residential, potentially allowing additional development opportunities.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $869,900
Property Type Single Family Homes
Usable Sqft 1,344
Number of Stories 0 stories
Parking Spots 2 spots
Year Built 1950
Last Sold Unknown
Sold Price Unknown
APN # 1103047200000
MLS # PALA2061572
Property ID 321096526
Lot Sqft 40,075
Zoning MDR
Days on Market 39
Original List Price Unknown
Date Updated December 18, 2024
Date Created December 03, 2024

Listing Provided By

Christy R Griffin an agent of . Lic #Rs360780


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Data last updated: January 11, 2025.
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