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. Recently inspected by Columbia Borough and passed all lead paint tests. C/O is valid until 06/28/25.
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.
Presented By: Coldwell Banker Realty
Interior Features for 525 Franklin Street
Other Interior Features
Central Air Y/NNo
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas, Electric
General for 525 Franklin Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Business TypeApartment Building
CityCOLUMBIA
Construction MaterialsFrame, Vinyl Siding
Cool FuelElectric
CoolingWindow Unit(s)
CountyLANCASTER
DirectionsFor GPS directions use the address 725 Florence St. Columbia Pa 17512. Go past the dead end sign and follow the driveway until it stops. Parking is available at the end of the driveway by the pine tr
Exclusionslawn mower
HeatingRadiator, Baseboard - Electric, 90% Forced Air
Lot Size Square Feet40075.00
Lot Size UnitsSquare Feet
MLS AreaColumbia Boro (10511)
ModificationTimestamp2025-03-03T10:21:15
MunicipalityCOLUMBIA BORO
New ConstructionNo
Number Of Units Total6
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG217.25
Property ConditionGood, Average
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofShingle
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount7279.0
Tax Assessed Value194800.0
Tax Year2022
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available, Sewer Available
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