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888 Chestnut Street

GAP, PA 17527
  • $250,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: PALA2070724
Open House
UPDATED: 14 min ago
$250,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,288
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Property is being offered at a live public onsite auction on Wednesday, July 16, 2025 at 6PM. Listed price is for entry purposes and does not reflect the sale price. Sale Price is subject to seller confirmation at the auction. Property consists of a well kept 4 unit apartment building with attached 2 car garage. There are (2) 2 bedroom units and (2) 1 bedroom units, plus the attached garage rental included. All units have electric baseboard heat paid by tenants and landlord owns all oven/ranges and refrigerators. Property has public sewer and well water. Gross years income is $39,960, Estimated annual expenses are $8,768 with an estimated net income of $31,192 as it exists. Most tenants have been there for 3+ years and want to stay. This is a clean well built and kept building that current owner has owned since 1986. Don't miss this opportunity to own a great investment property is a growing area.

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©2025 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 The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. 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: 2025-06-20T17:56:10.97.
www.lancasterhome.com/homes/164363556
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888 Chestnut Street GAP, PA 17527

  • Price: $250,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 14 min ago
  • ID#: PALA2070724
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,288
SQFT
$109
$/SQFT
1910
Built
Neighborhood:
None Available
County:
Lancaster
Area:
Salisbury Twp (10556)
Elementary School:
Salisbury
Middle School:
Pequea Valley
High School:
Pequea Valley
School District:
Pequea Valley
Property Description
Property is being offered at a live public onsite auction on Wednesday, July 16, 2025 at 6PM. Listed price is for entry purposes and does not reflect the sale price. Sale Price is subject to seller confirmation at the auction. Property consists of a well kept 4 unit apartment building with attached 2 car garage. There are (2) 2 bedroom units and (2) 1 bedroom units, plus the attached garage rental included. All units have electric baseboard heat paid by tenants and landlord owns all oven/ranges and refrigerators. Property has public sewer and well water. Gross years income is $39,960, Estimated annual expenses are $8,768 with an estimated net income of $31,192 as it exists. Most tenants have been there for 3+ years and want to stay. This is a clean well built and kept building that current owner has owned since 1986. Don't miss this opportunity to own a great investment property is a growing area.
Exterior Features

Architectural Style Converted Dwelling Construction Materials FrameStucco Door Features Storm Garage Spaces 2.00 Garage Type Garage - Side Entry Garage YN Yes Location Type Suburban Lot Features Cleared Other Structures Garage(s) Parking Features Paved DrivewayPaved Parking Parking Types Attached GarageDrivewayOff StreetOn Street Patio And Porch Features Porch(es)Roof Pool No Pool Property Condition Very Good Road Responsibility Boro/Township Road Surface Type Black Top Roof Shingle View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1888 Above Grade Unfinished Area 0 Appliances Oven/Range - ElectricRefrigerator Basement DaylightFullFully Finished Basement YN Yes Below Grade Finished Area 400 Below Grade Unfinished Area 0 Cooling None Exclusions Tenants Personal Property Fireplace YN No Flooring CarpetVinyl Heating Baseboard - Electric Heating YN Yes Inclusions All appliances owned by seller. Interior Features CarpetKitchen - Eat-InKitchen - Galley Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings Dry WallPlaster Walls

Property Features

Acceptable Financing Cash Accessibility Features None Central Air YN No Cooling Fuel None Cross Street Bridge Street Electric 100 Amp Service Existing Lease Type Month to Month Foundation Details BlockConcrete Perimeter Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 1200.00 Maintenance Expense 500.00 Municipality SALISBURY TWP Navigable Water YN N Net Operating Income 31192.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense 8768.00 Operating Expense Includes Insurance Original MLSNumber 803891836604 Owner Pays InsuranceRepairsSewer Ownership Interest Fee Simple Pool Expense 0.00 Property Sub Type Quadruplex Rent Control YN No Sale Type Auction Sewer Public Sewer Structure Design Type Other Tax Annual Amount 3328.00 Total Actual Rent 39960.00 Utilities Cable TV AvailableElectric AvailablePhone AvailableSewer Available Vacation Rental YN No Water Source Well Window Features Insulated Zoning RESIDENTIAL

Listing courtesy of Barr Realty Inc.: .


©2025 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 The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. 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: 2025-06-20T17:56:10.97.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601
<-- Client Provided 11/13/24-- >