127 Ridge Avenue

Closed 1/13/21
Closed 1/13/21
3 unit building
Parking for front tenant
Lot rent only tenant owns trailer
Parking for rear tenant
Garage for vacant trailer
Rear of building
Lower Level 127 C kitchen
127C Living room
127C Bedroom
127C 2nd bedroom
127 Kitchen - Front unit
127 Laundry/bath - Front Unit
127 Ridge - bath with new plank flooring - Front
127 Ridge - Family room - Front Unit
127 Ridge - Bedroom - Front Unit
127B Ridge - Living Room - 2nd floor Unit
127B Ridge - Kitchen - 2nd floor Unit
Last Sold Price
$260,000
9 beds3 baths2,984 sqft$87/sqft
127 Ridge Ave, Ephrata, PA 17522

Description

This 4 unit building consists of 3 apartments in the main building, with a trailer owned by tenant, and only lot rent received by owner. Three apartments are in good shape with many updates including paint and plank flooring. All tenants pay there own electric and heat. There is a vacant trailer that owner has letter from former tenant that he may have it removed, and township has agreed to allow owner to place a new mobile if desired. The property currently caps 8% with potential increases of rents...This 4 unit building consists of 3 apartments in the main building, with a trailer owned by tenant, and only lot rent received by owner. Three apartments are in good shape with many updates including paint and plank flooring. All tenants pay there own electric and heat. There is a vacant trailer that owner has letter from former tenant that he may have it removed, and township has agreed to allow owner to place a new mobile if desired. The property currently caps 8% with potential increases of rents when lease terms renew to cap 9%, and if new mobile home is added it will cap 10%. The owner has received a price of $70,000 to purchase mobile and have installed.
LISTING CLOSED: 01/13/2021 12:00 AM

  1. Listed by Kim Latshaw • Focus Realty LLC
    P: (717) 341-5081 kim@focusrealtypa.com

Property Details for 127 Ridge Avenue

Status
Closed
MLS #
PALA175180
Days on Market
8
Taxes
$4,696 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family / Fee Simple
Year Built
1941
Lot Size
0.79 AC / 34,412 SF
County
Lancaster County
Tax ID Number
270-79823-0-0000
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
Yes
Municipality
EPHRATA TWP
Total Parking Spaces
1
Central Air
Yes
Basement
Yes
Room Count
18
Above Grade Finished SQFT
2,408.00
Above Grade Fin SQFT Source
Assessor
Below Grade Finished SQFT
576.00
Below Grade Fin SQFT Source
Assessor
Below Grade Unfinished SQFT
.00
Below Grade Unfin SQFT Source
Assessor
Total Below Grade SQFT
576.00
Total Below Grade SQFT Source
Assessor
New Construction
No
Property Condition
Good
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Location

Listing Courtesy of Focus Realty LLC

Sold By Kingsway Realty

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Building Information for 127 Ridge Avenue

Stories-Residences4Year Built1941Building Size-Lot Size0.79 AC / 34,412 SF

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Property Information for 127 Ridge Avenue

Location
Location
  • School District Name: EPHRATA AREA
  • School District County ID: 300200397381
  • SchoolDistrictSource: Listing Agent
  • Middle Or Junior School: EPHRATA (LANCASTER PA)
  • MiddleSchoolSource: Listing Agent
  • High School: EPHRATA (LANCASTER PA)
  • HighSchoolSource: Listing Agent
  • County: LANCASTER
  • MLS Area: Ephrata Twp (10527)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $219,100
  • Year Assessed: 2021
  • County Tax: $638
  • Improvement Assessed Value: $150,400
  • City Town Tax: $278
  • Land Assessed Value: $68,700
  • Clean Green Assessed: No
  • Land Use Code: 115
  • Zoning: RESIDENTIAL
  • School Tax: $3,779
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate, Trash Collection
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Features: Living room and family room with wood burning fireplace.
  • Total Rooms: 8
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Totally remodeled with new plank flooring and new carpets in bedrooms.
  • Total Rooms: 5
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 4
  • Type: Unit 4
  • Unit Type Lease Type: Ground Lease
  • Beds Total: 2
  • Unit Type Features: This unit is lot rent only. Tenant owns the mobile home.
  • Total Rooms: 5
Financial Information
Expenses
  • Operating Expense: $9,104
  • Insurance Expense: $900
  • Trash Expense: $880
  • Water Avg Month: $219
  • Water Prev 12 Months: $2,628
Financial Information
  • Gross Income: $31,080
  • Net Operating Income: $21,976
  • Annual Rental Income: $31,080
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 8.00
  • Existing Lease Type: Yearly, Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,984.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 4030065
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Detached Garage
  • Num of Detached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Garage - Front Entry
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Lancaster County Association of REALTORS

Property History for 127 Ridge Avenue

DateEvent & SourcePriceAppreciation
Jan 13, 2021

Closed

BRIGHT #PALA175180

$260,000—
Dec 23, 2020

Pending

BRIGHT #PALA175180

—
Dec 16, 2020

Listed (Active)

BRIGHT #PALA175180

$275,000—
DateEvent & SourcePrice
01/13/2021

Closed

BRIGHT #PALA175180

$260,000
12/23/2020

Pending

BRIGHT #PALA175180

—
12/16/2020

Listed (Active)

BRIGHT #PALA175180

$275,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 127 Ridge Avenue

Taxable ValueLand$68,700Additions$170,100Total$238,800
Tax Record2025$5,648 ($471 / month)
Home Facts
Baths3.5Total Finished SqFt4,280 SqFtAbove Grade Finished SqFt3,704 SqFtFinished Basement SqFt576 SqFtUnfinished Basement SqFt628 SqFtStories2Lot Size34,412 SqFtStyleTriplexYear Built1941Year Renovated1986ZoningRLDCountyLANCASTERAPN270-79823-0-0000

Schools near 127 Ridge Avenue

This home is within Ephrata Area School District.
Rating
School
Type
Grades
Distance
Fulton El School
Public - K to 4
Ephrata Middle School
Public - 7 to 8
Ephrata Senior High School
Public - 9 to 12
Ephrata Intermediate School
Public - 5 to 6
Rating
School
Distance
Fulton El School
PublicK to 4

Ephrata Middle School
Public7 to 8

Ephrata Senior High School
Public9 to 12

Ephrata Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 127 Ridge Avenue, Ephrata, PA 17522
$260,000
9
3
2,984
34,412
127 Ridge Avenue, Unit A, Ephrata, PA 17522
–
–
1
723
–
128 Ridge Avenue, Ephrata, PA 17522
–
3
1,197
33,977
123 Ridge Avenue, Ephrata, PA 17522
–
3
1
1,373
13,068
126 Ridge Avenue, Ephrata, PA 17522
–
3
1
896
25,700
121 Ridge Avenue, Ephrata, PA 17522
$119,900
3
1,752
–

Explore Nearby Homes

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Listing Courtesy of Focus Realty LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.