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448 N Queen Street

LANCASTER, PA 17603
  • $650,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: PALA2039146
UPDATED: 24 min ago
$650,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,375
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

Fantastic opportunity to own a piece of Lancaster City history with this 3 or 4 unit colonial building that includes a charming and restored carriage house. The carriage house was a speakeasy during prohibition before becoming the Italian American Club and includes an original restored mural on the 2nd floor. It's now a 1 BR, 1.5 BA apartment with remodeled kitchen that includes travertine tile floor, tile backsplash, large island and stainless appliances with gas cooking. Wood floors, rear balcony, remodeled bath, replacement windows, central air, gas fireplace and carport for off street parking complete this unique space. The main house has central air throughout and replacement windows with the exception of the front. 1st floor unit has 2 BRs and 1 BA, remodeled kitchen with bar area, vinyl plank flooring throughout, and a remodeled bath with tin ceiling and ceramic tile floor. 2nd floor unit is currently rented as a 1 BR, 1 BA unit with remodeled kitchen, travertine flooring, remodeled bath , and balcony with access to rear yard deck. Third floor was recently rented as a 1 BR with area for kitchenette and 1 BA. 2nd and 3rd floor units could be combined for a single 3 BR, 2 BA unit. 1st and 2nd floor units, along with carriage house, come with refrigerators, washers and dryers. This is a great opportunity to live in a fabulous downtown location and rent remaining units, or as a full investment opportunity with great prospect for increasing cash flow. Cash flow analysis provided in document section. Call to schedule your tour!

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Flinchbaugh & Associates - Re/Max Patriots. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-21T07:54:35.387.
www.flinchbaughassociates.com/homes/142765570
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448 N Queen Street LANCASTER, PA 17603

  • Price: $650,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 24 min ago
  • ID#: PALA2039146
0
Beds
0
Baths
0
½ Baths
0.1
Acres
4,375
SQFT
$149
$/SQFT
1920
Built
Neighborhood:
None Available
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Fantastic opportunity to own a piece of Lancaster City history with this 3 or 4 unit colonial building that includes a charming and restored carriage house. The carriage house was a speakeasy during prohibition before becoming the Italian American Club and includes an original restored mural on the 2nd floor. It's now a 1 BR, 1.5 BA apartment with remodeled kitchen that includes travertine tile floor, tile backsplash, large island and stainless appliances with gas cooking. Wood floors, rear balcony, remodeled bath, replacement windows, central air, gas fireplace and carport for off street parking complete this unique space. The main house has central air throughout and replacement windows with the exception of the front. 1st floor unit has 2 BRs and 1 BA, remodeled kitchen with bar area, vinyl plank flooring throughout, and a remodeled bath with tin ceiling and ceramic tile floor. 2nd floor unit is currently rented as a 1 BR, 1 BA unit with remodeled kitchen, travertine flooring, remodeled bath , and balcony with access to rear yard deck. Third floor was recently rented as a 1 BR with area for kitchenette and 1 BA. 2nd and 3rd floor units could be combined for a single 3 BR, 2 BA unit. 1st and 2nd floor units, along with carriage house, come with refrigerators, washers and dryers. This is a great opportunity to live in a fabulous downtown location and rent remaining units, or as a full investment opportunity with great prospect for increasing cash flow. Cash flow analysis provided in document section. Call to schedule your tour!
Exterior Features

Architectural Style Carriage HouseColonialTraditional Construction Materials MasonryBrick Exterior Features SidewalksStreet Lights Garage YN No Location Type Downtown Parking Types On StreetOff StreetAttached Carport Patio And Porch Features Deck(S) Pool No Pool Property Condition Excellent Riparian Rights YN No Road Responsibility City/County Roof PitchedRubberShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4375 Appliances DryerOven/Range - ElectricOven/Range - GasStainless Steel AppliancesWasherWater HeaterRefrigerator Basement Partial Basement YN Yes Below Grade Finished Area 0 Cooling Central A/C Fireplace YN Yes Fireplaces Total 1 Flooring CarpetConcreteWoodLuxury Vinyl PlankTile/BrickCeramic Tile Heating Forced Air Heating YN Yes Inclusions 3 Refrigerators3 Washers & 3 Dryers Interior Features BarBreakfast AreaBuilt-InsCarpetCeiling Fan(S)Entry Level BedroomKitchen - IslandKitchen - Eat-InKitchen - Table SpaceKitchenetteSoaking TubUpgraded CountertopsWood Floors Security Features Smoke Detector Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Acceptable Financing ConventionalCashFarm Credit ServiceFhaVa Accessibility Features None Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Existing Lease Type Month To MonthYearly Foundation Details StoneSlab Gross Income 50400.00 Heating Fuel Electric Hot Water Electric Municipality Lancaster City Navigable Water YN N Net Operating Income 39363.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Operating Expense Includes InsuranceTrash Original MLSNumber 802538955062 Owner Pays SewerTrash CollectionWater Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 7585.50 Tax Assessment Amount 191700.00 Total Actual Rent 50400.00 Vacation Rental YN No Water Source Public Window Features InsulatedReplacementScreensWood FrameVinyl Clad Zoning Mixed Use

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Flinchbaugh & Associates - Re/Max Patriots. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-21T07:54:35.387.
 
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Flinchbaugh & Associates - Re/Max Patriots
1770 E. Market Street
York PA, 17402