Gap, PA 17527 888 Chestnut Street
$250,000
OPEN HOUSE Wed, Jun 25 2025 4:00 PM - 6:00 PM
OPEN HOUSE Wed, Jul 16 2025 5:00 PM - 6:00 PM
26 more
Presented By: Barr Realty Inc.
Beds • 6- Garage • 2
Beds • 6
Garage • 2Home Details
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.
Presented By: Barr Realty Inc.
Interior Features for 888 Chestnut Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementDaylight, Full, Fully Finished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringCarpet, Vinyl
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCarpet, Kitchen - Eat-In, Kitchen - Galley
Total Stories2
Window FeaturesInsulated
General for 888 Chestnut Street
Acceptable FinancingCash
AccessibilityNone
AppliancesOven/Range - Electric, Refrigerator
Architectural StyleConverted Dwelling
Auction LocationAt Property
Auction Time6 PM
Auction TypeSubject To Seller Confirmation
CityGAP
Construction MaterialsFrame, Stucco
Cool FuelNone
CoolingNone
CountyLANCASTER
DirectionsFrom Route 41 at Gap town clock take Bridge Street East to Chestnut Street. Turn right to property on right.
Electric100 Amp Service
ExclusionsTenants Personal Property
Garage Spaces2.00
Garage Y/NYes
HeatingBaseboard - Electric
Historic Y/NNo
Home Warranty Y/NNo
Insurance Expense1200.00
Lease TypeMonth to Month
Location TypeSuburban
Lot Size Square Feet6098.00
Lot Size UnitsSquare Feet
MLS AreaSalisbury Twp (10556)
MaintenanceExpense500.00
ModificationTimestamp2025-05-30T09:15:47
MunicipalitySALISBURY TWP
Net Operating Income31192.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant0
One Bedroom Units Count2
Operating Expense8768.00
Other StructuresAbove Grade, Below Grade
OwnerPaysInsurance, Repairs, Sewer
OwnershipFee Simple
Patio/Porch FeaturesPorch(es), Roof
PossessionSettlement
Price Per Sq Ft Total AG132.42
Property ConditionVery Good
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
School DistrictPEQUEA VALLEY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NameNONE AVAILABLE
Tax Annual Amount3328.0
Tax Assessed Value173300.0
Tax Year2024
Total Actual Rent39960.00
Total SQFT2288
Two Bedroom2
UtilitiesCable TV Available, Electric Available, Phone Available, Sewer Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningRESIDENTIAL
Exterior for 888 Chestnut Street
# of Attached Garage Spaces2
Door FeaturesStorm
Foundation DetailsBlock, Concrete Perimeter
Garage FeaturesGarage - Side Entry
InclusionsAll appliances owned by seller.
Land Assessed Value48900.00
Land Use Code115
Lot Dimensions0.00 x 0.00
Lot FeaturesCleared
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces2
Parking FeaturesPaved Driveway, Paved Parking
PoolNo Pool
Pool Charge0.00
Road ResponsibilityBoro/Township
Road Surface TypeBlack Top
SpaNo
Total Parking Spaces6
Type of ParkingAttached Garage, Driveway, Off Street, On Street
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo
WaterfrontY/NNo
Additional Details
Price History
Schools
Middle School
Pequea Valley Middle School
High School
Pequea Valley High School
Elementary School
Salisbury Elementary School
