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$300,000

Beds
6
Baths
2.0
sq ft
2,278

680 Columbia Ave, Lancaster, PA 17603

680 Columbia Ave

LANCASTER, PA 17603

  • 15 days on market
    • Price drop $15,000↓
Turnkey Investment Opportunity in the Heart of Lancaster! This cash-flowing 3-unit property is a rare find, offering excellent income potential with two beautifully renovated apartments and a 2-car garage for additional rental revenue. Perfectly positioned in a sought-after location, this property is ideal for investors seeking steady returns or live in one unit and rent out the others. Unit 1 (First Floor): 1-bedroom apartment with 2 additional large nonconforming bedrooms in the basement, currently rented at $1,500/month. Unit 2 (Second Floor): Spacious and stylishly renovated 3-bedroom unit, also rented at $1,500/month. 2-Car Garage projected rental income of $500/month, adding to your cash flow. Each unit is individually metered, keeping operating expenses low. Owner covers water, sewer, and trash services. Off-street parking is a bonus feature that tenants will appreciate. Situated less than a mile from Franklin & Marshall College, this property is also walking distance to downtown Lancaster, offering access to vibrant dining, shopping, and entertainment options. Its central location makes it highly appealing to tenants seeking both convenience and accessibility. Don’t miss out on this fully updated investment opportunity in a desirable area. Whether you’re an experienced investor or just starting to build your portfolio, this property is a solid choice with outstanding income potential. Schedule your private tour today!

Details

Property type

Single Family Residence

Est. home value

$208,656

Lot size

1,742.4 sq ft

Price per sq ft

$132

Year built

1900

Annual property taxes

$2,931

HOA

No

Price History

01/18/2025
Bright

Bright #PALA2062716

Price change
$300,000
-4.76%
01/15/2025
Bright

Bright #PALA2062716

Listed
$315,000
+49.29%
04/28/2023
Bright

Bright #PALA2029972

Sold
$211,000

Schools & Community

Neighborhood: 

West End

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

SCHOOL DISTRICT OF LANCASTER

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$72,601
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$203,399
Cash to seller
$72,601

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Evesham Mortgage Llc

Loan start date

April 2023

Original loan amount

$207,178

Est. remaining balance

$203,399

Interest rate

6.73%

Loan type

FHA, 30 year

Seller

Juan Yurnet Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 3:00 AM

Listing updated: 01/21/2025 at 12:15 AM

Listed by: Vuthy Taing, LPT Realty, LLC Phone #: (877) 366-2213

MLS: Bright #PALA2062716

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